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1. Businesses targeted in robberiesPosted 13 mins agoTagline tanked, options openPosted 26 mins agoBluegrass band on tap SaturdayPosted 1 hour agoNDP hopefuls downplay Harcourt’s rejectionPosted 16 hours agoChanges to utility billing lead council briefsPosted 16 hours agoGov’t restarts forest licence reviewPosted 17 hours agoDeveloper plans Merritt highrisePosted 2 days agoUpper Nicola elects new chief, councilPosted 2 days agoPort reopens with tentative trucker dealPosted 2 days agoLocal kennel loses business licence appealPosted 1 week ago Home > Lifestyles > Business > Don’t be the April (tax) foolDon’t be the April (tax) foolBy David Brown on April 3, 2014 Tweet Pin It Day by day, this year’s tax deadline is looming larger. You know it’s there – you’re not unaware. But you may be unprepared. Stop the tax foolishness. Put all your tax slips together in a safe location so you’ll know where to find them come tax preparation time. Look at each slip to ensure the numbers are reasonable. Know where last year’s tax return is located and look at that return as your tax slips come in to ensure you’re not missing any. Locate last year’s Notice of Assessment, which provides important info about last year’s tax return and current year limits for such things as your Registered Retirement Savings Plan (RRSP) contribution room. Register for ‘My Account’ on the Canada Revenue Agency website (cra-arc.gc.ca) and you’ll be able to track your refund, view or change your return, check your benefit and credit payments and your RRSP limit, set up direct deposit, and much more. If you are self-employed, be sure you have receipts for all expenses claimed against your self-employed income. Start by comparing last year’s return to this year’s – but keep in mind that this does not ensure you are claiming all the deductions and credits to which you are entitled. First-time donor’s super credit – This new credit gives first-time donors an extra 25 per cent credit for cash donations when you claim your charitable donations tax credit. For more information, go to cra.gc.ca/fdsc. Family caregiver amount – If you have a dependent with a physical or mental impairment, the additional amount you may be able to claim has increased to $2,040. For more information, go to cra.gc.ca/familycaregiver. Pooled Registered Pension Plan – The PRPP is a new retirement savings option. For more information, go to cra.gc.ca/prpp. Adoption expenses – The period to claim these expenses has been extended for adoptions finalized in 2013 and later years. Tax-Free Savings Account – The annual TFSA dollar limit increased to $5,500 on Jan. 1, 2013 for the 2013 contribution year and remains the same for the 2014 contribution year. File and pay any balance owing on time. If you expect a refund, consider filing as early as possible. If you owe taxes, delay the filing date until as close to the due date as possible. Lots of Canadians prepare their own taxes – but if yours is a more complex tax situation, it truly pays to seek professional assistance. This column, written and published by Investors Group Financial Services Inc. (in Quebec – a Financial Services Firm), and Investors Group Securities Inc. (in Quebec, a firm in Financial Planning) presents general information only and is not a solicitation to buy or sell any investments. Contact your own advisor for specific advice about your circumstances. For more information on this topic please contact your Investors Group Consultant. Contact David Brown at 250-315-0241 or at david.brown@investorsgroup.com to book your appointment. ... Little critters find outlet in ... Little critters find outlet in Merritt ... ... Your email address will not be published. Latest NewsBusinesses targeted in robberies On March 31 around 8:30 p.m., Merritt RCMP responded to...Posted 13 mins ago0Tagline tanked, options open It’s back to the drawing board for Merritt’s logo and...Posted 26 mins ago0Elections procedure bylaw after alleged infractions The City of Merritt has approved the first three readings...Posted 48 mins ago0Land reserve divided, not conquered VICTORIA – East Kootenay MLA Bill Bennett has done what...Posted 51 mins ago0Look at barrel for cause of rotten apples Amid all the new information coming forward from the damning...Posted 1 hour ago0Bluegrass band on tap Saturday Bluegrass is back in Merritt this weekend. After being unable...Posted 1 hour ago0Back to work at Aspen as strike ends The workers laid off by Aspen Planers are expected back... Box 9 - 2090 Granite Avenue Merritt, B.C. Business Hours: Monday - Friday, 8:30AM - 5PM. 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