Downsizing Your CRA Tax Files?
Happy New Year! If one of your resolutions for 2026 is to downsize, or at least sort through all that stuff you don’t need anymore, you may inevitably run across those tax files you’ve been keeping for decades. Just how long do you have to keep them? Do you need permission to destroy them? From whom? Read on to learn more.Quarterly Instalments – Avoid Remitting Too Much!
Many taxpayers are receiving electronic notices from the CRA reminding them that March 15 is coming up. That’s the day that the first quarterly tax instalment remittances are usually due for the new year, but because that day falls on a Saturday this year, the due date is March 17. The issue in a cash strapped world, is whether you really need to make these payment. Here is a backgrounder to guide you:
