(Cam Lee/northeastNOW Staff)

By Mat Barrett

Tax Season

Teeing up for tax season

Feb 21, 2020 | 5:00 PM

Tax season is here.

If you haven’t already received your T4 forms from your employer, they should be provided by the end of February. For those who receive investment income, those forms should be received by the end of March. The final day to file taxes is April 30.

Courtni Penner is the manager at MNP in Melfort and said some people may not feel like they need to do their taxes, whether they don’t make a lot of money or otherwise. She said it’s important for people to know why it’s necessary.

“There are GST credits, and the Canadian Child Benefit to think about, so even if you don’t pay tax, you might be eligible for some credits from filing,” Penner told northeastNOW. “It’s also important because if you have paid tax, you might have overpaid and you might be eligible for a refund.”

Some people may only have a couple of slips for their returns. Some people could have farm operations that need to be accounted for, some have charitable donations, and some may have medical expenses that are eligible for returns.

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Penner said those with simpler returns can file online. She recommends going to the Canada Revenue Agency website for some assistance. She also said it’s a good idea to get a professional to look over and get your returns done.

“There’s just a lot of things that we have knowledge of that we can just ensure that you’re claiming on your tax return, so that you are claiming the appropriate amount,” she said.

Penner said if you’re bringing your filing to a professional, bring your 2019 return for a bit of reference.

Penner cautioned there can be scams this time of year. She said to be aware and consult with the Canada Revenue Agency to make sure calls are legitimate.

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mat.barrett@jpbg.ca

On Twitter: @matbarrett6