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 2017 and how much they paid in income tax, CPP and EI.
The act of filing a tax return, which at TAPS our volunteers can do electronically, triggers a PST refund, GST credits, BC Low Income tax credits, Child Tax Benefits, Guaranteed Income Supplements and other benefits to which our clients may be entitled.
TAPS continues to offer its tax clinics each Thursday, with the only difference being that we will not be preparing returns for years prior to 2014 in the period from March 1, when we get the software from the Canada Revenue Agency (CRA), to the end of April, when the rush starts to subside. This is because returns for the years 2014, 2015, 2016 and 2017 can be filed electronically, and returns for the years 2008 to 2013 must be filed by paper and snail mail.
In addition, 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 during this busy period.
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. If you have lost your T4 slips, the easiest way to get them is to write to the CRA at Winnipeg Tax Centre PO Box 14005 Stn Main Winnipeg MB R3C 0E3, stating your address, SIN and date of birth. Lost T5007 forms are not a problem.
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 CRA 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.