February Markets

• RSP Deadline 1st and foremost, yes we already mentioned February 29th

• January to March is tax slip time and it can get very confusing

• Getting organized can be as simple as a shoe box to collect slips that may still be getting mailed

• Taking the time to sign up for E -delivery can help simplify your life even further

• Create a folder on your PC or virtually to collect ta slips

• Let younger family members know that if they are handling mail to be careful with where it's placed

Don't Be Rushed...

• There is only a deadline of end of Februray for employment slips.

• All other tax slips and receipts can be received right through March entirely

• RSP receipts are very important as they can be used for tax deductions

• Since RSP deposits in the 1st 60 days of each year qualify as deductions for the prior year, receipts can be expected into March

• Most importantly the personal tax filing deadline is not until April 30th and that is only if you owe taxes.

• Self-Employed deadline is June 15th

• CRA now imposed fines and penalties for missing slips so unprepared rushing can cause expensive mistakes.

• Tax time can always be stressful. Making a place for important tax slips as they arrive and patience in waiting for them all can help to calm the pricess.