tax-tips-planning-budget-complicated

Tax season gives you headaches. So would you prefer if clients with straightforward returns didn’t have to file taxes at all?

As CBC reports, this is already the case in countries such as Finland, where tax authorities use a set of prepopulated facts on people’s incomes (this includes details about people’s wages, pensions and receipts of dividend, for example) to file taxes on their behalf.

Added information is only required from taxpayers, adds the outlet, if there are errors or missing details.

Read more on how this possible.

Also check out:

When CRA auditors are wrong

6 filing tips for 2015

Help employees comply with payroll legislation

Raising TFSA limit not as good as it sounds

Essential tax numbers for 2015

Originally published on Advisor.ca

Add a comment

You must be logged in to comment.

Register on Advisor.ca