Well, it’s that time of year again—tax time. By the end of February everyone should have received their T slips from employers, or from government, setting out how much they received in 2016 and how much they paid in income tax, CPP and EI.
The act of filing a tax return, which we do electronically, triggers a PST refund, GST credits, BC Low Income tax credits, Child Tax Benefits, Guaranteed Income Supplements and other benefits to which you may be entitled.
TAPS continues to offer its tax clinics each Thursday, with the only difference being that we do not do prior years’ returns in the period from late February, when we get the software from Revenue Canada, to the end of April, when the rush starts to subside. And we will try to have three volunteers on duty in the mornings from 8:30 until 12:30, and three more in the afternoon from 12:30 until 4:30.
With longer hours and more volunteers we hope to meet the demand we are anticipating. Last year we were able to handle over 60 clients in a single day!
Remember to bring your T slips. Also, if you want to start having your refunds and GST credits paid into your bank account directly by the government, have your banking details ready or bring a void cheque. The software needs to know the following: bank identification number (three digits); bank branch transit number (five digits); and your bank account number. Your bank can help you if you are in any doubt.