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We are Tax To Go, and we are known for one thing: Fast Affordable Tax Returns. We know that there are a lot of ways for you to get your taxes prepared; you could get out your calculator and a pencil and dive right in. That can work, if you know what you are doing and your return is fairly simple. You could go out and spend $50 dollars and buy a good tax preparation software. You still need to know what you are doing and the old saying applies; to err is human, but to really screw things up, use a computer.

So where does that leave you? You can hire an accountant. Wonderful, good move, but it can be pricey. You can go to one of the national chains of tax preparers. They do a fine job for the most part, but they are in a different business than just preparing tax, they want to buy your refund from you. Well, how much is that refund worth? Would you believe that under federal law, the discounter can take 15% of the first $300. ($45) and 5% of the rest. The average Canadian, according to the Canada Revenue Agency, got back $1,400 last year. That means that to prepare your return, one of the national chains gets to charge you $100.00. And of course, for every additional form there is to fill out, the higher your fee goes.

Then there is TAX TO GO

Here is the difference. We do not discount income tax returns. We believe that discounting income tax returns amounts to a short-term loan with very high interest. Think of it this way: You are getting back $1,400. You pay $100. That’s 8% right? No! That would be 8% if your refund took a year to process, but refunds generally take 2 weeks. So you are paying an enormous amount for just 2 weeks.

We charge a low, one time only fee. We process your return and take the time to discuss the results with you. Our fees are generally less than $50.00 per return. AND you get your refund-YOUR WHOLE REFUND in two weeks. Why would you have your taxes done any other way?

Tax Tips

Many Canadians are looking abroad when adopting a child but it can be an expensive process. However, there is now some tax relief for adopting parents. You may claim a non-refundable tax credit for expenses relating to the adoption of a child up to a maximum of $10,445. The credit can only be claimed in the year the adoption is finalized but may include eligible expenses from previous years.

Turning 65 doesnít mean you canít contribute into an RRSP. The rules do allow you to contribute to your own RRSP up until the end of the year in which you turn 71, or to your spouse or common-law partner's RRSP. But remember, you will need available contribution room.

RSS News: Canada Revenue Agency

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