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Are you one of the thousand of canadians whom file their taxes late?
Thousands Of Canadian Taxpayers File Late. What Can They Do? Another tax season has come and gone. Are you one of the thousands of Canadian taxpayers who owe and have not filed their 2012 tax return by the April 30th deadline? The late penalty CRA can assess is 5% + 1% per month, yes per month not annual, of the balance owing that the is return is late. But take heart; there is some relief for you out there. Unless you are self-employed or deceased, the filing deadline for your 2012 personal income tax return was mid-night April 30, 2013. Self-employed individuals……
