When tax season arrives, many individuals rush to file and end up making simple mistakes that cost them money. At Swift Accounting & Business Solutions LTD, we help Calgarians file correctly, maximize deductions, and avoid penalties. Here are the most common mistakes people make—and how to stay clear of them.
1. Missing Eligible Deductions
Many taxpayers forget deductions such as medical expenses, child care costs, and RRSP contributions.
Tip: Keep organized receipts all year or use digital tracking tools.
2. Reporting Incorrect Income
Side income, freelance earnings, or investment gains are often missed.
Tip: Report every income source to avoid CRA issues.
3. Filing Late
A late return can lead to extra penalties—even if you don’t owe anything.
Tip: Mark filing deadlines in advance or let us manage your filing.
4. Not Claiming Moving Expenses
If you moved for work or education, you might qualify.
Tip: Keep proof of your moving costs and mileage.
5. Doing Taxes Without Professional Help
DIY filings often miss credits and deductions.
Tip: Expert review ensures accuracy and maximized returns.
Conclusion
Avoiding these mistakes can save you time, stress, and money.
If you want a smooth, accurate tax season—Swift is here to help.
