2020 - A New Type of Deadline for a New Normal
I've been told I need a haircut but I can't get one. I've been told to stay home, but then I'm told I'm essential to help keep the government running. I've been told to take precautions such as reduced contact and reduced hours to help keep people safe and I've done that. Finally, I've been told June 1st is the new tax deadline.
For the first time in my 30 years of this business there is no clear cut deadline, previous to this there was only twice the deadline was extended and that was for just a week. With the June 1st and June 15th self employed deadline behind us we now look at the penalties for being late. The government has announced there are no penalties. Nothing will be charged if you file before September 1st. What about child tax benefits and HST payments, will they stop if not filed on time? The answer is no, they will continue until October based on 2018 figures if you don't file until September 1st. Essentially the new unannounced deadline is September 1st and who knows, even that could change.
In regards to self employed who have a deadline of June 15th the same rules apply. If you have an HST number you must file and pay the HST owing by June 30th or there could be interest charged, but again this could change. We are in an unprecedented situation where CRA has suspended collections, suspended enforcement, delayed most requests for re-assessment and until further notice, they have attempted to move everything to online only, basically saying mail will only be processed if it is something they requested.
The way the tax system has worked in the past has involved gradual changes and minor adjustments being introduced over longer periods of time. Now, if you add the unprecedented amount of government support payments being sent out along with the shift of many workers working from home the changes for the coming years are likely to be more wide ranging and immediate than ever. We, at Double J's Tax are doing everything we can to keep informed but there are somethings we can't predict, and this could be the new normal for awhile, a year without a tax deadline.
Double J's Tax
Where your taxes are our
Located conveniently at the corner of
Stone Church Rd. E. and Upper Ottawa in the Good Life Fitness plaza Hamilton Ontario.
At Double J’s you get many years experience behind every return. We know the new tax rules and how to make them work for you
We offer Triple A service
Attentive, Accurate, and Affordable
Doing your taxes and dealing with the government can be very stressful and intimidating. We strive to make this small, but important, part of your life easier.
Haven’t filed in a few years? Not a problem, we can do past years returns, and even review previous years returns to correct any errors or omissions.
Starting a new business, or even thinking of starting one? We offer a wide range of services from helping to handle the HST to financial statement and year end tax preparation.
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Procedures for the Upcoming Tax Season
Over the past two years we have learned that some changes are necessary going forward to best serve our clients in the future. As a result we wish to encourage more drop offs and to limit appointments mostly to new clients and special circumstances. While dropping off or picking up we will naturally be available to address any questions or concerns. We understand that our family atmosphere has always been a major draw to our small business and we intend to continue that atmosphere. However, with the growth in the clientele we find appointments need to be limited.
1070 Stone Church Rd E. Unit 33
This is an archive of previous articles written for tax advice just hit the button to the right.
Basic Returns $65 +HST
Couples Returns $120 +HST
*Extra charges will apply for returns with excessive data entry and complex returns (ex. rental income, self employed and employment expenses etc.)
We are family owned and operated. We strive for a family atmosphere in our office so appointments are preferred.
For our returning clients we offer a drop off service. We complete these within a few days and give you a call when they are ready for pick up.
We are currently open 3 days a week until February 21, 2023 at which time our hours will begin to expand. The 2022 tax season officially starts on February 21st. No returns can be e-filed before this date.
Off Season Office Hours
(Off Season May-Feb)
Tuesdays, Wednesdays & Thursdays 10-3
*If you need a time outside these hours please give us a call and we will do our best to accommodate you
*These hours can change at anytime so please check the website or call first.