We have compiled few questions which will assist you to prepare and file your tax return more effectively and efficiently.
It’s a prescribed form through which a person can furnish the details of his /her income earned through different sources of income and taxes paid for the relevant financial year to the Canada Revenue Agency.
No, you don’t have to attach any document along with your income tax return. You are required to submit documents only when the CRA asks you to submit.
We can assist you checking your refund with CRA with your authorization. Also, ensure correct bank account number is given in the return. In case of any further queries you can contact us.
There is no penalty for filing a late return after the tax deadline if a refund is due. If you didn't file and owe tax, file a return as soon as you can and pay as much as possible to reduce penalties and interest.
The late-filing penalty is 5% of your 2022 balance owing, plus an additional 1% for each full month that you file after the due date, to a maximum of 12 months
Our advisors are well versed and have collectively over 40 years of experience filing tax returns in Canada.