When Is the Tax Filing Deadline in Canada? The tax filing deadline for most individuals in Canada is April 30th. However, if you or your spouse or common-law partner run a business, the deadline is June 15th. It's important to note that any taxes owed are generally due by April 30th...
ACCESSING THE SMALL BUSINESS DEDUCTION IN YOUR BUSINESS The Small Business Deduction gives businesses a tax deduction on the first $500,000 of income. This saves an eligible corporation around up to $50,000 in income taxes. There are a number of conditions that have to be met to be eligible...
The CRA’s audit powers must be exercised reasonably, and many CRA audit requests follow a normal course (i.e., review of employment, business, financial, accounting records, etc.). New reporting rules require taxpayers to proactively disclose certain tax and business information, and taxpay...
First, if you can't access your account, you can't file your taxes or access any other information or services from the CRA. This can be a major inconvenience, especially if you're trying to meet a tax (or other) deadline. Second, if your account is locked due to unusual activity, ...
And while the ongoing strike by more than 100,000 federal government this week includes staff at CRA, the tax agency has not budged on the filing deadline for this year so far. O’Riordan added that ignoring the problem and not filing a return at all will only make things worse. “...
June 1, 2020, deadline (the April 30 deadline was extended as part of the COVID-19 relief measures). Since the taxpayer and his wife were not living at home at the time due to the pandemic, he didn’t have access to the majority of the tax slips he would normally receive by mail...
Maximize your 2020 CRA tax refund and use RRSP deduction limit before Mar 1, 2021 with the help of our experts. Book online 30-minute FREE new client consultation before CRA tax deadline of April 30, 2021. We help clients all over Canada.
Stephen Pelland lives in Surrey, B.C., and the CRA wants him to pay back more than $25,000 he collected after the scrap metal business he started before the pandemic fizzled along with his income. A former addict now in recovery, Pelland filed a judicial review in...
the City’s Downtown and Innovation District. A 2% commission is in play for the transformative project, one of the last of its kind in the South Florida market. Currently, a Request for Letters of Interest (RLI) for a Master Developer has been issued, with a deadline of July ...