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Explore our Frequently Asked Questions section to demystify accounting and tax intricacies, guiding you towards financial empowerment. 💡💼
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Whether to do tax planning by yourself or seek expert advice depends on your comfort level with tax laws, your financial situation, and the complexity of your tax affairs. Here are some considerations to help you make an informed decision:
Doing Tax Planning Yourself
Getting Expert Advice (Consulting a Tax Professional)
When to Consider Expert Advice
In summary, if your financial situation is simple and you're comfortable with tax laws, doing tax planning yourself may suffice. However, for complex situations, changes in tax laws, or the desire to optimize tax savings, consulting a tax professional is a prudent choice. Ultimately, the decision should align with your comfort level, financial goals, and desire for accuracy and efficiency.
The due date for filing taxes in Canada:
All residents (except Quebec): If your net tax owing is more than $3,000.
Quebec residents: If your net tax owing is more than $1,800.
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TY Peak Tax Services Inc. Team