Late Filing Penalties: Talk About It!
While most T1 returns are in the hands of the Canada Revenue Agency (CRA) by April 30, we know many are not. In fact, millions of returns were still outstanding as of mid-May. Late-filing clients they need to know about the consequences, especially if they owe. Here’s a rundown to be aware of:What if your Refund is a Balance Due?
If you have been shocked to find a balance due rather than a refund, be sure to file your return before midnight April 30 to avoid late filing penalties. This is an important first step in keeping more money, even if you can’t pay your bill immediately.
Knowledge Bureau Highlight: Kathy Lloyd
Meet Kathy Lloyd, MFA Succession and Estate Planning Specialist.
Win a Pot of Gold from Knowledge Bureau
We’re celebrating the Luck of the Irish all month at Knowledge Bureau. Enter our draw for a real pot of gold!
MB Budget: April 30 - Senior Sweeteners Announced
The 2015-2016 Manitoba provincial budget is scheduled to be tabled on April 30, 2015, but some of the goodies are already out of the bag.
Audit-Proofing: It’s About the Retrieval
There is very little that sends butterflies flitting through the stomach like that little brown envelope from CRA saying “we would like to take a closer look at your tax returns.”
Court Concludes That Testator Accidently Burned Will
We all make mistakes, but what are the chances of accidently setting your original Will alight without the intention of revoking it?
