Category

Budgeting

Category

If you’re like me and haven’t filed your taxes yet there’s probably a pretty good chance it’s because you owe money to good old CRA. When I was just out of school and had all those education credits to claim I always had my taxes filed within days of receiving all my slips so I could get that refund. These days I seem to owe every year, so I procrastinate for as long as possible. Now, who hates having to pay up come tax time? Everyone right…my hand is raised. The thing is though, it’s actually a positive to have to cut a cheque to CRA. How does that work? Well…if you owe money at the end of April it means that you didn’t pay enough tax during the year. If you think about it, this means that CRA has given you an interest-free loan for the year. Not a…