OK – So we all know this isn’t the most exciting thing to post about — but it’s useful. The deadline for filing your tax return for the 2011 year is on April 30, 2012. You’ve got 2 months to find your forms, check some boxes and file away. Don’t get stuck scratching your head and waiting in line on April 29th. Here’s hoping we all get returns! Common Questions: What happens if I’m late to file? You could be subject to penalties and interest on any money owed. It’s not good for your credit What happens if I’m early to file? The CRA will unconditionally love you, until next year. Wait a second. Don’t I already pay taxes on every paycheck? Well, yes, you do – but this is the time of year that accountants, tax companies and the Canadian Revenue Agency carry the ones, check the forms and make sure everyone paid the right amount. If you paid more than necessary, you’ll get a check; and if you earned extra (but haven’t paid tax on it yet) you will be chipping in. How should I file my Canadian tax return?
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