Tuesday 22 April 2014

The Deadline

The Deadline 

The deadline for filing your income taxes for the 2013 taxation year, has been extended to May 5, 2014, this year, instead of the April 30, 2014 deadline.  


If you owe income tax, plus you file your income tax return after the stated deadline, the Canada Revenue Agency (CRA) will charge you a penalty and compound interest, per day, on the unpaid amount owing.  

To file a 'paper format' of your taxes, you need an income tax package.  

The package includes a return, plus all the forms and schedules necessary to file your income tax return. 

You can pickup the package to file your return at all 'Canada Post' and 'Service Canada' outlets. 


If you want to file your taxes online, the tax package comes can be purchased from most retailers.  Be sure you get the version of software that meets your tax situation.  

Finally, make sure you have given CRA your current address.  This ensures that you will receive refunds and benefit payments, as well as important notices, without interruption. 

I will leave it at that, if you require assistance, please contact CRA.  

Thank you for reading, 

Ben




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