About Taxes: Things to Do After Filing Your Return
 | from William Perez
Even after the busy-ness of the filing deadline, there always seems to be plenty of tax work to do. A couple of clients are filing their Canadian tax returns this week, and so I decided to learn more about the Canadian tax system. Yep, they have deductions and tax credits and tax-deferred retirement savings. But what I thought was really cool, is that starting in 2009, our northern neighbors will be able to save up to $5,000 a year in tax-free savings account. And withdrawals can be made at any time and funds used for any purpose.
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In the Spotlight |
Things to Do After Filing Your Return
Hopefully you've filed a return or asked for an extension of time to file. The next steps are to make sure you stay on top of your tax situation. Checking your return, figuring out how much of the stimulus rebate you might receive, and adjusting your withholding would be some things to do next...read more
| | Recordkeeping Tips for After the Tax Season
After you file your return, you will want to keep a copy of the return for your own records. Tax returns have a way of being useful even after you file. You'll want to keep your returns for at least three years...read more
| Overview of Canadian Income Taxes
The filing frenzy may be over in the United States, but Canada's tax day is April 30th. I decided to learn more about the Canadian tax system, especially since I'm encountering more people who are working or consulting across the border....read more
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