Canadian Income Tax Filing Deadline Coming Up: What To Do If You Can’t Pay
The new Canadian income tax filing deadline is coming up soon — on June 1, 2020. Is your return ready to file? Due to COVID-19, the income tax filing deadline was moved from the usual April 30 to June 1. If you owe, the deadline to pay has been moved to September 1, 2020. But […]
COVID-19 Income and Debt Help for Canadians
The past two weeks have been a non-stop train of breaking news as Canada copes with the novel coronavirus, COVID-19. This public health pandemic is affecting many across the country — both medically and financially. In order to “flatten the curve” and reduce the risk of infection, many businesses and public services have been suspended, […]
2019 Tax Deadline Around the Corner – Let’s Review Current Penalties and Interest
The Canada Revenue Agency (CRA) tax deadline for the 2019 tax year is coming up quickly. Are you prepared? The deadline to file your 2019 income tax is April 30, 2020. For self-employed tax filers, the deadline is June 15, 2020, however, it’s better to file by April 30 as you will be charged interest […]
Liberty Tax Filers – What to Do if You Will Have a Tax Debt You Can’t Pay?
It’s income tax season and many Canadian filers may be turning to online tax preparation services, like Liberty Tax. These services are great options for submitting your income tax return, and for finding more deductions and rebates you may not have known about. But what happens if you’re assessed with a tax debt that you […]
The Canada Revenue Agency Consequences of Missing the Income Tax Deadline
In Canada, this year’s Canada Revenue Agency (CRA) income tax deadline was April 30th, 2012. The CRA’s income tax deadline is the last date that individual Canadian taxpayers can file their annual income tax returns with the CRA without incurring penalties and interest. Corporations are not subject to this deadline and have their own year-end […]