February 27, 2019

Things to know for before filing your 2018 taxes

When filing your 2018 tax return, it’s best not to wait until the last minute. Often, when people wait, they become more disorganized in the scramble to get paperwork together. Before you begin be aware of the changes, and if your return is complicated, you might want to consider hiring a tax accountant. This can include high net worth individuals, people with a side business, own investment property, self-directing retirement, or received an inquiry from Canada Revenue Agency. Overall, it’s best never to wait until just before April, because you could miss out on some deductions and credits.

“The April 30 tax filing deadline may seem a long way off, but leaving it to the last minute could mean rushing and missing out on deductions or making a mistake that could mean a costly audit.”

Read more: https://bc.ctvnews.ca/things-to-know-for-before-filing-your-2018-taxes-1.4194989

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