10 things to know before you file your tax return this year — via financialpost taxreturn financialtips
The deadline
The normal tax-filing deadline for most individuals is usually April 30, but you have until May 2 this year to file because April 30 falls on a Saturday. If you or your spouse or common-law partner had self-employment income in 2021, you have until June 15 to file your return. In either case, if you have a balance owing, it must be received or processed at a Canadian financial institution on or before May 2, 2022 to be considered paid on time.
It’s important to keep in mind that some tax was withheld at source when the COVID-19 benefits were paid, but. The CRA has acknowledged this could present significant financial hardship for some taxpayers. Affected individuals may wish to take advantage of the CRA’s expanded payment arrangements, which will give you more time and flexibility to pay the tax owing, based on your financial situation.
. All eligible seniors, regardless of income level, got the $500 payment, which was meant to “support older seniors’ higher expenses,” and was estimated to apply to 3.3 million people.Article content Most eligible seniors will have by now received a T4A slip from Service Canada for this amount, but some slips may have been delayed and will go out during the week of March 14, 2022. A small number received an incorrect slip, with duplicate amounts in boxes 018 and 205. Amended slips were issued to these individuals, so make sure you use the correct slip when completing your return.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NY, NJ, CT Among Top 10 States With Highest Tax Rates in the US, Study RevealsTax season is here! A recent study published by WalletHub revealed some tax-related information that comes as no surprise to tri-state residents: New York, New Jersey and Connecticut are among the top 10 states with the highest tax rates. Overall, according to WalletHub, Connecticut ranked as the state with the second highest tax rate with New York placing behind in…
Read more »
Indigenous groups sign option to buy 10% ownership stake in Coastal GasLink pipelineThe pipeline has sparked demonstrations and blockades from environmentalists and some First Nations groups since construction began in 2019
Read more »
Crypto News, March 10: Bitcoin Wipes Wednesday's Gains | CoinMarketCapToday's news with ConnorSephton: Bitcoin wipes all of the gains it made on Wednesday, crypto bosses react to Joe Biden's executive order, and South Korea has a new, crypto-friendly president 👇
Read more »
BTC, ETH and XRP Price Analysis for March 10Can any coins withstand the fall of BTC? Dave_Jonez_02 BNB Pain_Alive_BNB Binance_DEX XrpYoyo ANT159694954 nuonrg WillyWonkaXRP RippleXrpie boncryp
Read more »