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Fill Out Tax Return on Time
Your Tax Payments Should Be Made Until May 6, 2014
The Canada Revenue Agency (CRA) reminds you to fill out and submit your tax return on time and make your tax payments swiftly by using its
The deadline to fill out your 2013 tax return is postponed to June 16, 2014 (as June 15 is Sunday) in case your wife/husband or civil partner is a
Currently more and more people in Canada choose to fill out their tax and benefit returns online. The CRA offers you one of its
In order to satisfy your unpaid tax debt you can turn to your financial center or use online banking. Visit www.cra.gc.ca/payments to find out more about electronic payments or consult your financial organization. You may also use My Payment provided by the CRA to make a transaction. This convenient service allows you to perform online money transfers quickly and easy, however it’s only available to those, using the Internet banking feature of their financial organizations.
What if you can’t pay your balance owing before May 5?
Income tax and benefit return should be filled out in any case before midnight on May 5, otherwise a penalty for exceeding time limits will be applied. The CRA assumes a possibility of your
Voluntary Disclosures Program to reveal unreported information
The Voluntary Disclosures Program may help you to report complete and precise information if it hasn’t been done in previous tax returns. If you turn to this service you can correct the mistakes in your income tax and benefit return and reveal unreported information. In case of valid information disclosure penalty will not be applied. You will only have to pay the amount owing and the interest. Visit www.cra.gc.ca/voluntarydisclosures to find out more about this program.