For those of you who've been putting it off while telling yourself you'll get to it eventually, the onset of tax season likely brings your avoidance -- and the stress that comes with it -- to the forefront.
First, collect all of the tax documents you have at your disposal. This includes T4 employment slips, T4A self-employment papers, and records of any other income you may have earned, including but not limited to:If you have a complex tax situation, such as self-employment, investment income, or significant life changes, consulting with a tax professional is a good idea.
The CRA will take your current income and expenses into account when determining your repayment plan, so that you can gradually tackle your debt over time.Nightly Briefing newsletter: Sign up for an in-depth look at the day’s most compelling news If you’re a repeat offender and filed late in 2020, 2021, or 2022, then the CRA will impose a heftier 10 per cent late-filing fee, and tack on an extra 2 per cent for every month you file late, to a maximum of 20 months.
In some rare cases, the CRA may offer relief on a case-by-case basis. You’ll need to contact the CRA directly to set up a consultation. Similarly, you may also put in a request toAfter catching up on previous years’ tax returns, it’s important to create a plan to stay on top of your taxes in the future. For some, this could mean staying more organized. For others, it could mean committing to filing your taxes earlier in the year rather than waiting until the last minute.
If content creators and corporate executives made TikTok videos about the platform’s possible U.S. demise, disco diva Gloria Gaynor’s "I Will Survive" could supply the soundtrack.Instagram has started an automatic clamp down on the amount of political content appearing in its users' feeds, but there is a relatively quick and easy way to turn off the controls if you don't want to keep the limitations place.
Police are asking for the public’s help after a body was found in the backyard of a home along the Lake Ontario shoreline in Mississauga on Monday morning.Testifying from the witness box in a downtown courtroom on Monday, a police officer who witnessed the death of Const. Jeffrey Northrup in the parkade under Toronto's Nathan Phillips Square in 2021 described a chaotic scene that ensued following the officer's death.
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