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Know the filing deadline and be prepared

It’s tax time again! Although this isn’t the highlight of many people’s year, here are some useful tips to keep in mind to make your tax filing go a bit smoother.

First, know the filing deadline and be prepared. To avoid late penalties and interest charges, make sure to file before the deadline. The 2013 deadline to file personal taxes is April 30, 2014. Before you start, gather all your important tax documents including your T4 & T5 slips, and all your receipts. Make sure to keep your receipts someplace safe to have on hand if you are audited, and keep your past tax returns for reference.