Filing your tax return happens to be a daunting task, but one that is much less complicated than you think, especially if you use the right tools. If you file your return, you may be eligible for a tax refund as well as other federal and provincial credits. See the tips below on why you should prepare your tax return.
The benefits of production
One of the main benefits of filing your tax returns is getting a tax refund. After all, the government will only pay you your tax refund if you file your return.
Did you know that the money you receive in repayment is actually yours? When you receive a tax refund, the government returns all or a portion of the taxes you have already paid because your tax payable was less than what you paid. This situation occurs when your employer levies excess tax amounts …