OTTAWA, April 25, 2018 As a self-employed person, you and your spouse or common-law partner have until midnight on Friday, June 15, 2018, to file your 2017 income tax and benefit returns.
However, if you have a balance owing to the Canada Revenue Agency (CRA), you must pay it by April 30, 2018.
If you have an amount owing and the CRA receives your return after the June 15 deadline, the CRA may charge you a late-filing penalty.
using the CRA's pre-authorized debit service offered through My Account, which lets you:
set up a payment from your bank account to the CRA on a pre-set date
pay an overdue amount or make instalment payments
through the CRA's My Payment service, which lets you make payments online. You can use this service if you have Visa® Debit, Debit MasterCard® or Interac® Online at a participating financial institution
If you own a business or carry out a commercial activity, keep complete and detailed records. Your records must have enough information to calculate the tax you owe and to support any deduction or credit you claim. They also must be supported by original documents.
Keep your supporting documents for six years. Generally, you must keep all required records and supporting documents for six years from the end of the last tax year they relate to. Even if you don't have to attach certain supporting documents to your return or you are filing your return online, keep them in case the CRA reviews your return. The CRA may ask you to prove your claims for deductions or credits with documents like cancelled cheques or bank statements.
If you earn income that has no tax withheld or does not have enough tax withheld during the year, you may have to pay tax by instalments. This may happen if you have rental, investment, or self-employment income, if you receive certain pension payments, or if you have income from more than one job.
On April 19th, during the Shanghai F1 Grand Prix, Zhou Guanyu made his eagerly awaited home debut at the Shanghai International Circuit. As China's first and currently only F1 driver, Guanyu's popularity rivals that of superstar drivers, and his...
Some 30,000 UK companies who exported goods in 2021 do not do so today. The Trade Facilitation Commission (TFC) has been established to bolster UK small and medium-sized enterprise (SME) global trade activity, addressing the current challenges where...
Maïté Blanchette Vézina, Minister of Natural Resources and Forests and Minister Responsible for the Bas-Saint-Laurent Region and the Gaspésie?Îles-de-la-Madeleine Region, announced the Gouvernement du Québec's support for two major projects in the...
Golden Entertainment, Inc. ("Golden Entertainment" or the "Company") announced today that it will release its 2024 first quarter financial results after the market closes on Wednesday, May 8, 2024, and host a conference call and simultaneous webcast...
The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Doximity, Inc. ("Doximity" or "the Company") for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule...
The Business Owner's Emporium x Recession Proof is thrilled to announce the success of its grand opening and ribbon-cutting ceremony, held on April 11th, 2024. Located at 56 Perimeter Center E Suite 150, Atlanta, GA 30346, the event launched an...