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ARTICLE · 13 MARCH 2023

Ready To File Your Taxes? What To Do Next

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Now that you have collected all the information needed to file your taxes what's next? Crowe MacKay LLP's tax team shares five important steps to ensure you are not penalized.

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Crowe MacKay LLP
Crowe MacKay LLP
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Now that you have collected all the information needed to file your taxes what's next? Crowe MacKay LLP's tax team shares five important steps to ensure you are not penalized. If you require assistance, connect with us in Alberta, British Columbia, Northwest Territories, or the Yukon.

1. File Your Taxes on Time

The normal deadline for filing a personal income tax return is April 30th of the following year. This filing deadline is extended to June 15 if you or your spouse are self-employed. However, income taxes owing are still due on April 30. Similarly, the information return for "Specified Foreign Property" having an aggregate cost over $100,000 CAD at any time during the year (Form T1135) must be filed by the individual's filing deadline.

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