Summarizing the information that you need to keep up with tax filing timelines for the year - and helping you understand the interest relief provisions announced for eligible taxpayers for any balance owing on their 2020 tax return

Once the end of February arrives with its T4 deadline, the due dates seem to fly fast and furious.  And I know for many small business owners, it can be hard to keep up!  You’re busy running your business but haven’t quite gotten to the level where you can have dedicated finance help so it’s all too easy for a deadline or two to get away from you!

And paying interest and penalties to our esteemed government is generally not good use of your business resources!

Additionally, getting offside with CRA can absolutely expose your business to significant negative consequences - in worst case scenarios, even leading to freezing of bank accounts, demands to pay sent to your customers, expensive penalties … All of these can threaten the very existence of your busi...