Final day for tax filing

[cSpooge]

Originally Posted by Gundo

So what happens if I didn't file yet, but I know I wont owe any money and will be getting some back?

there is no penalty but you get flagged as a late filer and thus will get hit with double penalties if you file late again within the next 4 years if you have a balance to pay.

[albertGQ]

Originally Posted by cSpooge

there is no penalty but you get flagged as a late filer and thus will get hit with double penalties if you file late again within the next 4 years if you have a balance to pay.

Are you sure about that? I can't see that being the truth

[cSpooge]

Originally Posted by albertGQ

Are you sure about that? I can't see that being the truth

It is... LFP is 5% +1% each month up to 17% for the first time late, 2nd time late within 4 years is 10% + 2% each month.

[Finner]

Originally Posted by burn_baby_burn

Do people actually wait until the deadline anymore? With the internet, I'll have my taxes done the moment I get my T4 in February.

Most people have way more then a T4 they are waiting for. I know with me i have T4, a T4 PS, T5008, T5013, T5 and T3 slips that all come, and many i don't get until late April due to errors etc.

[algernon]

I'm waiting on my

to come back.

[cSpooge]

Originally Posted by fotze

I already got my return but got 2 slips from US brokerage very late am i late if i havent sent them for an adjustment?

adjustments aren't considered late. As long as you request the adjustment there will be no penalties charged, just interest on any balance outstanding. The only time penalties get charged on adjustments is if CRA does them for you and it's not your first time forgetting to claim income on your return.

[MoneyGuy]

The form for an adjustment us on the CRA website. I believe it's the T1-ADJ. I'm relying on memory here.