GARY BOOTH CHARTERED ACCOUNTANTS

TAX TIPS - FILING YOUR INCOME TAX

We recommend filing your income tax return on time to avoid late-filing penalties. Filing on time will ensure you receive your goods and services tax/harmonized sales tax (GST/HST) credit, the Canada Child Tax Benefit, and related provincial and territorial entitlements. The deadline for filing personal income tax and paying any taxes owing is April 30th. Late-filing penalties and interest on amounts owing will apply beginning May 1st. Self-employed individuals and their spouses or common-law partners have until midnight of June 15th to file their income tax returns. However, any tax owing has to be paid by April 30. The Canada Customs and Revenue Agency offer the most complete online version of various forms, publications and instructions for filing your income tax returns. T.I.P.S. Online offers you two types of tax information:

• Personal Tax Information
• General Tax Information

Your corporate income tax forms can be found at Business Information Services - Canada Customs and Revenue Agency web site.