Tax season can be particularly stressful for small business owners, who are already starved for time. With some careful planning, however, tax season can be virtually stress-free. Steve Noussis (NEW-siss), Manager of Small Business with RBC, explains why it is important to file your taxes on time, online.

Noussis also recommends you maximize non-capital losses, take advantage of tax credits and deductions, do income splitting with your partner and plan ahead for next year by building expense tracking into your daily routine.