Tax time is around the corner

Canada’s 2023 income tax filing deadline is April 30, 2024. While there is still time, it’s always best to be prepared and get all your pertinent documents together. This includes T4s, T5s, or any other income records, including self-employment income.

If you do have self-employment income, make sure you gather records of expenses and anything else that can be written off. Regardless of whether or not you are self-employed, charitable donations and medical expenses are usually claimable so be sure to include those, too.

If you aren’t fully confident filing your taxes, consider getting in touch with a professional like an accountant or an experienced bookkeeper. Having someone with experience and knowledge on your side can make all the difference.