Tick-Tock-Taxes. April 30th is right Around the Corner
Working Canadians across the nation participate in a mad scramble to prepare for tax season. Don't leave it to the last minute - get a professional to help.
Once every year, working Canadians across the nation participate in a mad scramble to prepare for tax season. Last year, more than a third of all taxpayers left their taxes until the last two weeks before the deadline to file. Rushing through instructions, forms, receipts, and other important documents can lead to frequent money-costing errors in their taxes and unnecessary stress.
Prepare for the Tax Season
As the last day of April and the annual tax deadline approaches, having a last-minute strategy can alleviate some of the worry and help procrastinators be more prepared. With a bit of organization and a checklist, even last-minute preparers can avoid the mayday call at the end of the month. One way to gain a foothold on the mounting pressure to be on time is to consult a professional financial advisor who can provide valuable guidance and assistance.
In addition to speaking with a qualified advisor, individual preparers can take several key steps on their way to filing this year’s taxes and being prepared for 2019.
Tips to Get Ahead
In January, the CRA announced changes to the tax filing procedures that will affect how almost one million Canadians will file their tax and benefit forms. For individual preparers, knowing where they stand in the scheme of tax brackets is the first step in being ready for the April 30, 2018 tax deadline. Low-income families and taxpayers will be able to take advantage of the CRA’s new automated online filing service, which will ease the last minute crunch.
In addition to knowing the basic tax rules and regulations, most taxpayers can begin organizing documentation they may need for filing:
● Income statements
● Business expenses receipts
● Asset information
Organized records may not be everyone’s forte, but while gathering records for this tax season is a good time to prepare files and some tax management plan for next year. Even with the help of a professional, taxpayers will still need the same documentation and information, so preparation begins at home.
Brian has a Bachelor of Commerce degree from the University of Windsor, multiple industry-related designations, including CFP (Certified Financial Planner) and CLU (Chartered Life Underwriter), and is in the process of finishing his CHS (Certified Health Specialist).
“I want to help people reach financial independence - and a lot faster than they might think possible. I am constantly striving to provide my clients with the best information possible - and with the right strategies for their lifestyle and goals.” - Brian Farley, Four Point Financial
Brian has been the President of Four Point Financial, in Flamborough, Ontario, for nearly 13 years. Brian attributes his clients’ success to his determination and focus - tirelessly working with them to reach their own financial milestones and goal.
“My objective is to provide my clients financial freedom by planning for the future instead of reacting to the past” - Brian Farley, Four Point Financial
You can find Brian at 50 Coreslab Dr. in Flamborough, or visit his WEBSITE
Mutual Funds and Segregated Funds provided by the Fund Companies are offered through Worldsource Financial Management Inc. Other Products and Services are offered through Four Point Financial Inc.