Wants You To Know
1 The holy trinity of quick refunds: file early, file online and opt for direct deposit. Some e-filing companies report turnarounds as short as eight business days.
2 Did you win a prize in a raffle at work or receive any gifts or rewards from your employer? If their value totals more than $500 a year, you’ll have to pay tax on them. An exception: frequent-flyer miles or loyalty points earned when using personal credit cards to book business travel—unless they’ve been converted to cash.
3 Filing late in itself won’t hurt your credit rating, but it could lead to penalties and interest that will ratchet up the amount you owe the government. If you don’t pay that debt, the Canada Revenue Agency (CRA) can garnish your income or even get a court order to seize your assets.
Denne historien er fra March 2018-utgaven av Reader's Digest Canada.
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Denne historien er fra March 2018-utgaven av Reader's Digest Canada.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på