Tax time
- Thread starter Cobster
- Start date
Cobster,
Most people see filling out their tax return as a chore. For this reason, they hand the work to someone else to do their tax return. If your income is only from a T4 slip, then you can pick up a guide and tax forms during tax season at your local postal office. Expect to spend three to four hours on your first attempt to filling this form.
However, if you operate your own business, then it would be best to get an accountant. Why the accountant? Because the accountant has strategies to lower the business owner's taxable income.
Most people see filling out their tax return as a chore. For this reason, they hand the work to someone else to do their tax return. If your income is only from a T4 slip, then you can pick up a guide and tax forms during tax season at your local postal office. Expect to spend three to four hours on your first attempt to filling this form.
However, if you operate your own business, then it would be best to get an accountant. Why the accountant? Because the accountant has strategies to lower the business owner's taxable income.
Cobster said:
I use QuickTaxWeb. It's faster than filling it out on paper and you can EFile so you get your refund back sooner. Costs $20 more than doing it on paper, but to me the convenience is worth it. Just having to go to the damn post office and pick up a tax package (then finding out you erred on some sub-form and need another package) is more hassle than hitting their website and filling it out, but YMMV. Also, nobody can read my handwriting these days anyway 
In any case, if your return is just a regular employment income thing with T4's and some standard deductions you should just do it yourself no matter whether you do it via the web or on paper. You probably ought to use an accountant if you are self employed or have some other complex tax situation.
In any case, if your return is just a regular employment income thing with T4's and some standard deductions you should just do it yourself no matter whether you do it via the web or on paper. You probably ought to use an accountant if you are self employed or have some other complex tax situation.
