Monday, 25 February 2013

End of February Deadlines

We have only three days to the end of February and you should make sure you don't miss anything.  The following are important:

If you have a business.

T4, T4A, T5, T4-NR, T4A-NR information slips and summary should be filed..

If you have a corporation with a 31st December year end and if the corporation has only investment income or is majority owned by non-residents or you are not a small business i.e. you are not allowed to benefit from the low corporate tax rate on your first $500,000 of taxable income.

Taxes owing should be remitted otherwise interest will have to be paid to CRA.

If you are an Individual with RRSP room and no undeducted contributions.

You have until March 1st to contribute and deduct it from your 2013 taxable income.

To check for other information on taxes please go www.tavana.ca

This blog is for general information only and cannot replace professional advice.
The reader is invited to contact the writer to discuss the contents of the newsletter.
Readers are advised to seek professional advice before acting on the material
in this newsletter

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