Tips to avoid a tax audit

Don’t Be a Victor the Audit Attractor

We all love attention. It’s our instinct from the first day we’re born. However, you’d better lay low and stay invisible when this special season starts – the Tax-filing Season. Victor is the kind who is determined to attract the attention of CRA. The following actions of his are like waving a red flag at a bull or stick an …

Self-employed income tax solutions and tips

Income Tax Challenges For The Self-Employed

When people choose self-employment, they are often attracted to the challenge and excitement of creating a business they are passionate about. They may look forward to a more flexible work schedule, or the possibility of earning more than they did as an employee. The one thing most people don’t get excited about is keeping track of all their expenses and …

self-employed tax filing deadline

Reminder – June 15, 2017, is the Deadline for Self-Employed Individuals to file their 2016 Income Tax and Benefit Return

If you are self-employed or the spouse or common-law partner of someone who is, the deadline to file your 2016 income tax and benefit return is midnight on June 15, 2017. The legislated due date for any balance owing is April 30. However, since that date is a Sunday in 2017, the Canada Revenue Agency (CRA) will consider your payment …

Making changes to tax return

Changing Your Tax Return

Income Tax Act S. 142(4.2) If you have filed your return and then determine that you need to make a change, either because you have received another T-slip, or because you didn’t claim an expense and later learned it was deductible, you can request an adjustment to your tax return. The time limit for filing most adjustments to your tax …

Canadian Tax Return Due Date 2016

Filing Due Dates For The 2016 Tax Return

Generally, your return for 2016 has to be filed on or before April 30, 2017. Note: If you do not file your return on time (see exception to the due date of your return), your goods and services tax/harmonized sales tax (including any related provincial credits), Canada child benefit payments (including related provincial or territorial payments), and old age security …