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Small businesses plead for last-minute extension of tax deadline


Small businesses plead for last-minute extension of tax deadline
By Jolson Lim. Published on Apr 29, 2021 4:34pm
The Connaught building in downtown Ottawa is home to the Canada Revenue Agency. (Jolson Lim/iPolitics)
Small businesses are pleading with the Canada Revenue Agency to extend Friday’s deadline to file their 2020 tax returns.
“This has been anything but a usual year for so many Canadians, and especially for small-businesspeople who’ve been put through the wringer,” Dan Kelly, president of the Canadian Federation of Independent Business (CFIB), told iPolitics on Thursday.
Individual taxpayers have until April 30 to file their taxes with the Canada Revenue Agency (CRA), or face a five per cent penalty on the balance owing, and an additional one per cent for each month thereafter. Interest on unpaid 2020 taxes starts accruing on May 1. ....

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CRA Tax Deadline: It's NOT Extended in 2021 | The Motley Fool Canada


CRA Tax Deadline: It’s NOT Extended in 2021
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Accountants would have wanted the Canada Revenue Agency (CRA) to grant taxpayers more leeway to file their tax returns. The tax agency extended the filing and payment deadlines in 2020 due to the pandemic. However, the CRA declared February 22, 2021, as the official start of the 2021 tax season instead.
The cut-off date of April 30, 2021, should be four days away when this article comes out. Many tax filers argue that this year’s tax preparation is more complex, not the usual as in previous years. COVID-19 is still around, yet the federal government hasn’t announced an extension despite the pleas by tax specialists. ....

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Déclaration de revenus : Ottawa appelé à repousser la date limite d'un mois

Déclaration de revenus : Ottawa appelé à repousser la date limite d'un mois
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