Yes, it's Tax Time once again!
The RRSP season is almost over, and after March 1st, it is that time of the year to focus on preparing your 2012 tax return.
Truth be told, unless you're expecting a significant tax refund, there is no real rush to file your return early. The April 30 deadline is still 10 weeks away. In fact, taxpayers who owe significant sums of tax for 2012, to avoid parting ways with their cash too early, may wish to wait until the last minute to file and pay any balance owing.
In some cases, waiting until you have received all of your tax slips and receipts will negate having to file adjustments to your return at a later time. Most tax slips, such as T4s and T5s, have a Feb. 28 issuance deadline, meaning that they should be in your hands by very early March.
Our advice is that if you are expecting a tax refund, file your income tax as early as mid-March, by then you should have received all your tax slips. By filing your tax return in March, you will receive your refund quickly! (Sometimes within 7-10 days).
Even if you will owe tax this year, you should not leave your income tax filing for the last minute. As most of the tax specialists and accounting firms are so busy in April, you may be forced to file your return after the April 30 deadline and end up incurring penalties and interest for late filing.
Senior Tax Advisor
M.I.A.G.E. Business Solutions Inc.
514.426.7200 ext 101
Accessing your account online!
Canada Revenue Agency (CRA)
My Account allows you to access your notice of assessment faster, to track your refund, view or change your return, check your benefit and credit payments and your RRSP limit, set up direct deposit, and so much more
Please use the link named ''My Account with CRA'' under Useful Resources (on the right side of this Newsletter) to setup your login access with CRA.
Revenue Quebec (RQ)
My Account gives you secure and confidential online access to all the information Revenu Qu�bec has on file concerning you.
Use My Account to:
- take advantage of many convenient online services (for example, the Register for Direct Deposit service)
- use the online services at any time to fulfill your tax obligations independently
- view a multitude of information about your tax file
You can use the link named ''My Account with RQ'' under Useful Resources (on the right side of this Newsletter) to setup your login access with RQ.
|Special Tax Offer|
This tax season, if you refer a new corporate client to us, you will have your own personal income tax prepared free of charge for next year.
About M.I.A.G.E. Business Solutions
A sincere thank you to all our faithful customers, many with us since 1992. These clients have helped us grow by referring family and friends to us.
We have offered full range of professional accounting and tax services to individuals and corporations for the last 20 years. We are building long-term relationships with quality results. We plan, act and save you money to help you grow and succeed, and we are only a phone call away! You will be amazed how we can solve your financial nightmares.
6600 Trans Canada Hwy, Suite 750
Pointe-Claire, QC, H9R 4S2
M.I.A.G.E. Business Solutions Inc.
|Our Senior Advisors:|
- Mahtab Saghafi, Senior Tax Advisor
- Catherine Ikonomidis, CPA, CGA
New for 2012 Tax Return:
Easy to use, Efficient and Fast!
Fill out M.I.A.G.E. Online Tax Form to submit your basic information and setup your appointment. Once you fill it in, you will receive your Tax check list immediately by email. Your tax T-slip samples are identified on the check list and will help you gather your tax data easily prior to your meeting with our tax specialists. Once your online tax form is submitted, you will also receive a phone call within 48 hours by one of our representatives in order to arrange your appointment at one of our nearest offices.
To access our Online Tax Form, simply go to our website: www.miagesolutions.com
, click on the ''Online Tax Form''
on the top right side of the home page. Use the last 4 digits of our phone number for the password (7200).