Your T4 has arrived (or soon will) telling you tax season has arrived. I found years ago that it’s nothing to be feared thanks to the amazing tax software we have available to us. Don’t let tax season raise your blood pressure. Take charge and file online! There are many great reasons why it’s the best way to get your taxes done. You’ll find the right tax software for your needs at Best Buy. And you also have a chance to win software from either TurboTax or Ufile.
Will you wait until the tax deadline is minutes away to file?
What’s your favourite dessert? We all have one: chocolate cake, spumoni ice cream, sherry trifle? Imagine someone offers you your favourite dessert and says you have only until April 30th to get a serving … after that day, no dessert for you. What would you do? I’d try to get my dessert as soon as I could to not take a chance of missing out. So many things could happen between now and then that might prevent me from arriving for my serving on April 29th, or some other date in the future.
Well hear me out. For most of us, taxes must be filed by April 30th. Actually that isn’t 100% accurate. Self-employed workers can file by June 15th, however, if they owe money they still have to pay before May 1st. Also, according to the CRA website:
But for all intents and purposes, get your taxes done by April 30th. You might ask, “what does that have to do with dessert.” Just like you wouldn’t want to miss out on your favourite dessert, you also don’t want to miss out on the benefits of filing on time … early even.
Filing your taxes early reduces stress and can save you money
Imagine the worst case scenario: you file after May 1st and have to pay late fees. That would be bad. You could have used the money you paid in late fees to buy your favourite dessert. No matter how much you like dessert, money to buy anything you want is better! Now imagine the best case scenario. You file your taxes as soon as you can: February 20th is the first day we can file. Say you get your paperwork all sorted out, enter everything you need into the tax software you purchased from Best Buy (or won from this Best Buy Blog contest!) and learn that if you just put a bit into an RRSP you would actually get money back from the government rather than pay more to the government.
That’s smart. Money you put into an RRSP isn’t going anywhere. It still yours. And you get money back from taxes instead of paying to them. Money in your pocket for dessert in your tummy. The feeling you get by doing this at the end of February is akin, I would argue, to getting a free slice of your favourite cake—and eating it too! However, wait until after March 1st and you miss out. That’s the deadline for contributing to an RRSP to reduce your 2022 taxes. You only get maximum benefits by filing early.
Prepare now, file in February, and be stress free for Spring break
I know I make it sound so easy, and you might feel taxes are anything but easy. I can relate. But it is easier if you break it into little steps. We have a detailed article with some tips to help streamline the process. For now, here are some simple steps. Step 1: choose the right software for your needs. Best Buy has many types and brands. Select the one that resonates with your needs, has the number of returns you need for everyone in your family, and will allow you to claim investments or other additional taxable income or deductions for your needs.
Step 2 is to gather the paperwork you need for all of the returns you are filing so you can get it done without scrambling to find this document or that document. Lastly, Step 3 is to enter the information in the tax software, decide if you should put some money into an RRSP before you file. The second last step is the file your taxes.
What is the last step? Breathe! March arrives and you can breathe. April arrives and you can breathe. May arrives and you can breathe. Others may get stressed out by the emerging Tulips and Crocuses signalling the approaching tax deadline, but not you. You will relax and smell the flowers. Maybe with an ice cream cone or piece of cake.
How to enter
Entering this contest is easy and you can enter in two different ways.
- In a comment below, tell us how you filed last year, did you wait until the last possible moment, AND lastly, what favourite dessert will you treat yourself to once your taxes are done.
- For up to two (2) additional entries, create a public post on a social media channel (one entry per channel!) sharing with your friends and followers that you are entering a Best Buy Blog contest for a chance to win software to help you with preparing your taxes; include the hashtag #BestBuyTaxescontest, so we can find your post, and include the picture at the top of this article. Then return here and tell us in a comment below on which channel you posted it and the name of your channel (since many people use pseudonyms) so that we can check and verify your entry. You can use any social media channel (Twitter, Facebook, Instagram, TikTok, LinkedIn, etc.), but the post must be public so we can verify it is there.
What you can win
At the end of this contest we will randomly select six (6) winners. Each winner will either get one of three TurboTax Premier 2022 (PC) with 12 Returns or one of three UFile 2022 (PC) with 4 Returns.
This contest runs from Feb 1st to Feb 19th.
Remember, you can enter in two different ways. Many people don’t discuss tax season due to the stress many of us feel about it. So tell your family and friends that this article is partly about desserts and they can win a useful prize.
Win Tax Software Rules and Regulations
I just posted and shared on Instagram: @dannythedon82
I filed my taxes and an H&R Block location in my area last year and I got it done as soon as they started filing taxes because I wanted to get it out of the way. I will treat myself to a Cinnabon once my taxes are done.
My husband uses Turbo Tax Once we get all our T4 slips. We would celebrate with Tim Hortons Coffee & Timbits.
We filed online. It wasn’t last minute and I would treat myself to a doughnut.
last minute too and cheesecake
My parents filed the taxes, who did them before the due date. We would treat ourselves to a scoop of pistachio ice cream
I tweeted! https://twitter.com/emilyisland/status/1621165078400860161
Shared on Twitter https://twitter.com/sandufoe/status/1621164453025677312
Shared on Facebook https://www.facebook.com/sandra.dufoe/posts/pfbid0xK2pLrggoW9Mu6PhsbTj4JfdNTcnmispUjXq52VjvxU6BHLqVh2oRxNA9arHmH2hl
We filed online last year and did it early to get that refund sooner! I’d treat myself to some chocolate cake, my favourite! Thanks for the chance. I like TurboTax because it’s so easy to use, even for my complicated tax situation.
I use TurboTax and filed at the end of March. I will treat myself to a a cheesecake for dessert.
Posted on Twitter as @TheC1eaner https://twitter.com/TheC1eaner/status/1621157226663809025?s=20&t=UKVeyQG3cIm5H-djAbkIxw
I filed last minute, which isn’t my usual habit. Salt and vinegar chips is my treat.
Last year I filed on a computer, I don’t remember if I waited until the last moment, and my favourite desert that I would treat myself once my taxes are done will maybe be something like one Jujube.
I filed my tax return with Ufile last year in February. Dessert will be apple pie.
I filed my tax return with Ufile last year in February, dessert will be cheesecake
I filed my tax return with Ufile last year in February. Dessert will be cherry pie
My awesome hubby does our income tax as well as his parents using Turbo Tax. I will treat him to some Oreo cheesecake!
My husband did my taxes as early as possible last year.
Posted on Twitter @dutchaks https://twitter.com/dutchaks/status/1621131563684728832?s=20&t=AHxdPp3zqpmG4wQZFTidcw
I waited until last minute. I will treat myself to vanilla cake with ice cream, yum!
Posted on Instagram @sharoninsask https://www.instagram.com/p/CoKJaYZrnNo/?utm_source=ig_web_copy_link
I netfiled my return as soon as I had all my receipts and used Turbo Tax to do so. Will treat myself with some turtle cheesecake!
I filed with Turbotax about half way through the tax season. I would love a piece of Cherry Cheesecake after.
Did them on my own, yes waited last minute and chocolate ice cream
– Filed in March
– Billy Miner Pie
I filed in April last year and cheesecake would be a great treat.
I filed my taxes around February to get my refund early. I will probably buy an Ube Macapuno Cake to treat myself this year.
Shared via twitter @pumawinning
I filed my taxes at the end of March and will treat myself to a Black Forest cake.
I used an accountant and I will eat cherry pie.
I filed last year using Turbo Tax, a couple of weeks before the deadline. This year, I’m going to treat myself to a large cone of pistachio gelato when I’m done.
I filed electronically at the last minute and will treat myself with ice cream.
I filed early February, a first time, last year using an online tax program. I will enjoy a slice of homemade apple pie with a small scoop of vanilla ice cream.
I filed my tax return early with U file last year.
Coffee & a Donuts.
I waited until the last week and gave it to my cousin. I brought an ice cream cake to share.
paying is good
I filed online using ufile and I always file as soon as I have all my forms. My favourite dessert is cheesecake!
I filed my taxes as soon as my last slips arrived using Turbo tax. i’d treat myself to ice cream
I used turbotax last year, I finished them early (March Break) and to finish things off… homemade butter tarts
I filed my tax return with Ufile last year in February.
I always wait until the last moment to file my taxes. After I’m done filing my taxes I treat myself to some ice cream.
Soon as I get my last tax slips I send my papers to my accountant. Having good software would save me some money. Having a Strawberry Shortcake would be at the top of my list.
Filed using online tax software, on time/before deadline, and I will have chocolates for desert.
Filed them using TurboTax at the last moment. I will treat myself with ice cream and chips when done.
Filed using ufile and didn’t wait until last minute as I was expecting a refund. I would buy a chocolate cake for dessert after finishing taxes.
I gave them to my mom last year and she did them! We did them as early as possible. If I get a return this year we are getting a deep n delicious cake!
I entered on Twitter under amber olak
I filed my taxes mid April last year and I will treat myself to chocolate purdys ice cream
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