RE: Post-secondary studies choices affected by AI
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It takes a fool to trust government approved AI to file one's taxes, unless of course you don't pay much tax.
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You are viewing a single comment's thread:
It takes a fool to trust government approved AI to file one's taxes, unless of course you don't pay much tax.
Well usually my tax cuts my salary before coming to my bank account 🤣
The CRA is doing more automated filing for simple cases, such as those who are low income, unemployed, only salaried, etc. One can accept or challenge their assessment, it's generally not complicated and unless you have write-offs they wouldn't know about or they made a glaring mistake, it's a waste of time.
For people with multiple income streams, high incomes, businesses and for those who did anything complicated such as moving for work, having a good accountant can net you thousands of dollars. Tax planning and optimization is particularly important for people as they approach retirement, it can save the odd wealthy person millions, no joke.