What is the tax filing due date?
- For individuals – on or before April 30 of the next year
- For self employed – on or before June 15 of the next year
- For corporations – within 6 months after the end of the taxation year
- For trusts – within 90 days after year end
- For deceased individuals – later of 6 months after death and the normal due date
If I did not file my tax return on due date, what will happen?
If I am balance owing, what will happen?
What services do the Accounting Mudul offer?
What makes the Accounting Mudul different from others?
What documents do I need to file my tax return?
How to adjust my prior year’s mistakes?
In this scenario, you cannot do your tax file again of that year(s). You have to do your T-1 adjustment, and send it to CRA by post.
What documents do I require for tax filing if I am a self-employed?
For a self-employed tax return, you need to keep all the bank statements, your income slips, and all the invoices (expenses receipts) related to business. When you have a car and you are using it for your business, you have to preserve fuel, repairs and maintenance, lease payments (if applicable), and other vehicle related expenses.
I have a house and rental income, what documents do I need to keep for my tax return?
If you do not have any rental income, you need to keep the property tax receipt for tax purpose. When you have rental income, you require to preserve all of your house related expenses receipts or documents, such as, home insurance, interest paid for mortgage, legal fees, management and administration fees (applicable for condo), maintenance and repair, property tax and utility (hydro, water, gas etc.) bills.
What can happen if I don’t submit my corporate tax returns or pay taxes?
It is your responsibility to submit your tax return and pay taxes (if applicable) within due date. If your corporation is tax owing and does not pay the balance owing, CRA may freeze your bank account, garnish your receivables, and even can put a lien on your property. They can also put you on a trial through the courts.
After filing my tax return, can I get help from AM if I am audited by CRA?
Yes, we are always with you once you are our client. We will handle any and all questions from CRA and will explain how we prepared your tax return.
Let us know your question via the contact form.
- Monday to Friday: 9am to 5pm
- Saturday: 9am to 2pm
- Sunday: Closed