Tax Deadline Is Hours Away
Posted April 30, 2010 7:45 am.
This article is more than 5 years old.
Get your calculator fingers reader: the tax deadline is just hours away.
The last minute to file is midnight on Friday April 30.
And the penalties for filing late are stiff: if you miss the Canada Revenue Agency cut-off time and you owe money, you’ll be gouged with a five per cent increase.
In addition, you will be charged one per cent for each month your return is late up to a maximum of 12 per cent.
To help you out, a few Canada Post locations will have extended hours – but not all of them will. Check with the branch you use most often first.
Watch Francis D’Souza’s interview with Jamie Golombek, CIBC’s managing director of tax planning, for more tips.
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