I love tax season, and finding out about new tax credits makes me giddy! It’s like auditing how good you are paying attention to your savings, and accounting during the year. Being an entrepreneur makes tax season a little more fun, compared to when I was working for someone else, but I have full control over all my expenses, deductions.
This is the first year that I’ve run 3 different businesses, one being a non-profit entity, so you can imagine how excited I get around this time of the year. It’s also no wonder that I jumped at the chance to come on board as an Ambassador for TurboTax Canada!
Not a fan of tax time? The good news is that being able to do your taxes yourself has become a lot easier with the use of online tools like TurboTax. You are guided step-by-step as you find all of your applicable deductions. Not only that, but you get your return in as few as eight days. I mean who doesn’t want to be able to get done with tax time in 30 minutes or so?
While I know that most people have another month or two before you really start thinking about doing your taxes, but TurboTax and I wanted to share a few key tax credits for 2014 that you need to keep in mind before you starting filing.