Do you have all your Tax information together?

The end of February is when the T4 for employment income and the T5 for investment income are due, therefore you should have yours by now. Have you gathered up all of your medical and charitable receipts? Child care?

We have a checklist on which will help you figure out what you need to do your taxes.

If you own mutual funds – the T3 slips are not due until the end of March.

If you do not own any investments that give rise to a T3, then you might have all the tax slips that you need for your 2016 personal income tax return and you could prepare that return right away.

It is a good idea to figure out if you are getting a refund or if you are going to owe. If you are getting a refund then you should file right away. If you are going to owe money – you have a few weeks to figure out where it is going to come from.

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Painless Financial Training Group Inc. with Debi Peverill

Understand Financial Stuff, Painlessly