|By Marketwired .||
|June 4, 2014 02:00 PM EDT||
OTTAWA, ONTARIO -- (Marketwired) -- 06/04/14 -- The Canada Revenue Agency (CRA) reminds self-employed individuals and their spouses or common-law partners that this year's filing deadline is midnight on Monday, June 16, 2014, because June 15, 2014 falls on a Sunday. However, if you have an outstanding balance for 2013, it has to be paid on or before May 5, 2014, to avoid interest charges. A late-filing penalty on amounts owing will apply to returns received after the June 16, 2014 deadline.
The CRA invites you to join the growing number of Canadians who are filing electronically. NETFILE is one of the CRA's electronic tax-filing options. NETFILE allows you to file your individual income tax and benefit return over the Internet quickly and easily, which means getting your refund faster. For a list of software and web service options, including those that are free for everyone, go to www.netfile.gc.ca/software.
If you have a balance owing, you can make your payment using your financial institution's telephone or Internet banking service. For more information about online payments, go to www.cra.gc.ca/payments or contact your financial institution.
You can also make your payment using the CRA's My Payment service. My Payment lets you make one or more payments in one simple online transaction. You can use this service if you have access to online banking at a participating financial institution. You can also sign up for direct deposit to receive your refund in your account at your Canadian financial institution-no more waiting for a cheque to arrive in the mail.
Correct your tax affairs through the Voluntary Disclosures Program
The Voluntary Disclosures Program allows taxpayers to come forward and correct inaccurate or incomplete information or to disclose information they have not reported during previous dealings with the CRA. Taxpayers may avoid being penalized or prosecuted, and may only pay the taxes or charges owing, plus interest, if they make a valid disclosure. For more information, go to www.cra.gc.ca/voluntarydisclosures.
Save time-go online!
The CRA's online services make it faster and easier to handle your business's tax matters. You, your employee, or your representative can file, pay, and access detailed information about your tax accounts-all online, all at your fingertips. To learn more about the CRA's electronic services for businesses, go to www.cra.gc.ca/businessonline.
To receive updates when new information is added to our website, you can:
- Follow the CRA on Twitter - @CanRevAgency.
- Subscribe to a CRA electronic mailing list.
- Add our RSS feeds to your feed reader.
You can also watch our tax-related videos on YouTube.
Canada Revenue Agency
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