Wednesday, February 26, 2020

It's My First Time Filling My Tax Return

In all my years of being a productive member of society I have never filled out my own tax return out of fear. My biggest fear was to mess it up so much that the Government would come bursting through my door and arrest me.
Because I was afraid, I spent close to $100 a year on "experts" to fill my tax returns. Over 10 years that's $1000...

$1000 is a lot of money so this year I decided to fill out my own return and was pleasantly surprised at how easy it was to fill them out. Don't get me wrong, I still had to do some research online to figure out some of the terms but I think I got through it okay for my first try. If you have your T4, RRSPs receipt, and have little else to declare then you should try one of the free tools online this year(Turbo Tax & HD Block). If you can't figure it out you can always revert back to your old method.

I used HR Block this year (FREE) and I doubt that I will ever pay someone else to do my taxes again (unless my tax return becomes more complex).

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