Thursday, April 19, 2007

Tax Time!

It's that time of year again, everyone!

Get those papers out and your calculators too! (or send out the works to someone you trust.)

Remember that the earlier you get going, the sooner you can breathe easy!

Tips to remember:

1. It helps to have a file that you keep going all year round for current receipts that will apply to your taxes. That way all your paper work is ready to go and in one place by the time the season rolls around.

2. In Canada, you only need to keep 7 years worth of taxes. Don't keep them forever! If you ever are audited and you have information pertaining to taxes that goes beyond those seven years, the Canadian government is entitled to audit you farther back, if they desire!

3. Check out the link to Paper Retention on the left for further information!

Happy Tax Season and I wish you many LARGE and Happy Tax Returns!

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