April 18, 2016 (Source CRA)
Don’t forget: the filing deadline is approaching!
The deadline for transmitting returns electronically is midnight on April 30, 2016. However, since this date is a Saturday, the CRA will consider a return as filed on time if the submission is received by midnight on May 2, 2016.
For records that are returned for correction, you will have until 11:59pm local time on May 4, 2016, to correct and retransmit electronically. Records that are retransmitted and accepted on or before May 4, 2016, will be considered as filed on time.
NOTE: The deadline for individuals to pay any balance due for the 2015 tax year is also April 30, 2016. However, since this date is a Saturday, the CRA will consider a payment as being made on time if we receive it or it is postmarked on or before May 2, 2016.
Clients who have self-employment income and their spouses or common-law partners have until midnight on June 15, 2016, to file their income tax returns.
April 3, 2016
Child Tax Benefits
As the government recently announced more Canada Child Benefit a good calculator to determine the benefits can be found here. So those families with children are receiving more under this plan as outlined in the 2016 Budget.
Canada Child Benefit Calculator
Notice to Reader - Warning and Disclaimer
This monthly update was prepared on April 3, 2016
When considering any of ideas from this article, please contact the writer directly before acting on them. This will ensure that any information has been updated.
Without contacting the writer before implementing any of these items you will bear all the responsibility for any tax assessments and or business issues that may arise from this information.
Copyright @ 2016