Monday 28 April 2014

Did you know...?

Did you know... the deadline for personal tax returns has been extended...

Excerpt from CRA communication:

All returns transmitted electronically up until 3:00 a.m., Eastern Time, May 6, 2014, will be considered as filed on time.

For records that are returned for correction, you will have until 3:00 a.m., Eastern Time, Thursday May 8, 2014 to correct and retransmit electronically. Records that are retransmitted and accepted on or before Thursday May 8, 2014, will be considered as filed on time.  

However, the deadline for self employed income stays the same:

Clients who have self-employment income, and their spouses or common-law partners, have until 3:00 a.m., Eastern Time, Tuesday June 17, 2014, to file their income tax returns electronically. If you receive a reject error clue that indicates that you should file a paper return, and you file the paper return after June 16, 2014, a late filing penalty may be assessed.
 
Anyone who has a balance owing for 2013 should remember that it must be paid on or before April 30th, 2014.  Interest and penalties will be applied as of May 6th, 2014.
 
If you have any questions, or require any assistance, let me know.  I would be happy to help.

Susan E.A. Jameson, BA, CPA, CMA

SEAJameson@gmail.com

519-872-6619

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