Self-Employed Tax Returns Due By June 15, 2011

Kaitlyn — Fri, 13 May 2011 19:16:00 +0000

If you or your spouse or common-law partner did business as a sole proprietor or if you have business income in addition to any money you earned as an employee of a company, the deadline for filing your tax return is on or before June 15, 2011.

CLICK HERE FOR MORE INFORMATION ON THE CRA WEB SITE >>

Make Sure March 15th CRA Instalments Are Correct

NALH Bookkeeping Services — Fri, 05 Mar 2010 19:03:58 +0000

Will your clients overpay their March 15th instalment payment? It is important that they don’t, particularly if their income has taken a hit over the past year. Canadians taxpayers may find that due to employment layoffs or possibly due to their portfolio tanking, overall income may have taken dropped off. There may be a bit of good news to offset the bad, at least from a tax point of view, if you are a quarterly instalment payer.

Many people don’t realize that instalments remitted to CRA (often by post-dated cheques) can be adjusted to actual income earned in the year. Others don’t know that the CRA “billing method” of collecting quarterly instalments is only one of three methods of payment. The other two are optional…

Read the full article on the Knowledge Bureau web site.

NALH Bookkeeping » income tax

Self-Employed Tax Returns Due By June 15, 2011

Make Sure March 15th CRA Instalments Are Correct