If you’re a Canadian, then you know that the deadline for filing your 2017 tax return is looming. You have until Monday, April 30, 2018, to submit your return to the CRA and avoid paying penalties and interest. If you’re self-employed, the deadline isn’t so tight–you have until June 15 to file your return.
Now many of us find the task in question daunting and fight the anxiety in the worst possible way: by procrastinating. As the deadline approaches, the nation-wide scramble begins to get acquainted with the new tax rules for 2018, check the eligibility requirements for claiming credits and deductions, collect all necessary documents, make accurate calculations, fill in forms, etc.
Of course, there’s always the possibility of hiring an accountant to do your taxes. But the truth is, no one in the world cares more about your money than yourself. So, if you want to really understand the tax system, learn something new, and save money in the process, it’s best to do your own taxes.