Today's advice is related to tax time. Take advantage of some of the tax software out there to prepare your tax return. The $20-something is well worth it for several reasons:
1. It takes like no time to do your return (I did mine and hubby's in less than 45 min).
2. It minimizes mistakes.
3. It lets you maximize your return by playing with your RRSP contributions. Maybe if you put $1000 into RRSP, you would get $1500 back! That's like a free RRSP plus a bonus $500!!! (OK, I know really it's your money to begin with, but tax returns always feel like a gift to me). You can easily change numbers and see the new calculation.
4. Software can maximize returns by optimizing who should claim certain things (if you are filing a joint return with your spouse).
5. If you use the same software every year, it will remember your personal info and amounts to carry over from last year so you don't have to!
I personally have been using ufile.ca since I was in second year...if your income falls below the poverty line (a.k.a. you are a university student) you don't even have to pay for the software! There is an online version (which I use), as well as one you can purchase in stores. As an added bonus, if you file online using Netfile, you can have your return in your account in less than 2 weeks. I love it.