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-- Tax Deadline - Monday, May 1st

Tax Deadline - Monday, May 1st

Just incase people don't go look in the other thread...

Don't forget to file your taxes people!

You have an extra day this year because Apr 30th falls on a Sunday!


This coming MONDAY is the day to make sure you have everything filed, sent out, post-marked, etc. by!

Cheers, and I hope yall get refunds

Jem

noted

sweet, i thought i had to do everything tomorrow.

thx for the heads up jem

Thanks Jem!

Although mine have already been sent out, returned and spent.

wOOt!

quote:

Originally posted by vickyvale Thanks Jem! Although mine have already been sent out, returned and spent. wOOt!

+1!

I had my refund spent before February was done.

TODAY SUCKS!

Holy last minute clients!

wait... what if you don't owe any taxes, is that deadline still in effect for you too?

or is that just for self-employed peeps?

quote:

Originally posted by Crazy Serb wait... what if you don't owe any taxes, is that deadline still in effect for you too? or is that just for self-employed peeps?

If you dont owe it doesn't matter when you file.

If you owe and have no business income (ie. concontract income, stuff on a T2124 statement) only T4able earnings, then you have to remitt your return and pay by Apr 30th.

If you have business income to report, you need to pay by Apr 30th, but dont have to remitt your tax return until Jun 15th.

(YEA, I know, makes no sense, but thats the way it works)

Jem

I'm making my business expense receipts now

quote:

Originally posted by ChemEnhanced I'm making my business expense receipts now

quote:

Originally posted by vickyvale Thanks Jem! Although mine have already been sent out, returned and spent. wOOt!

Yup!

Mine was spent the week-end and the week fallowing that I got it.

quote:

Originally posted by Stingray +1! I had my refund spent before February was done.

haha! Mine wasn't THAT quick...I had to wait for my stupid T4 from work which didn't come until the END of February...

But it was spent by the end of March..lol

IT'S TODAY/TONIGHT!

You have to midnight tonight to file. Anything marked afterwards will be considered late and you'll pay a 5% late filing penalty on any amount you owe.

Payments not to be considered late (to avoid interest) need to be either electronicaly received or stamped by the bank today (WITH TODAY'S DATE!)

Note that around mid-day, 2-3pm the banks usualy switch over from today's date to the next day's date. Just be aware.

Jem

quote:

Originally posted by Jem_hadar IT'S TODAY/TONIGHT! You have to midnight tonight to file. Anything marked afterwards will be considered late and you'll pay a 5% late filing penalty on any amount you owe. Payments not to be considered late (to avoid interest) need to be either electronicaly received or stamped by the bank today (WITH TODAY'S DATE!) Note that around mid-day, 2-3pm the banks usualy switch over from today's date to the next day's date. Just be aware. Jem

Are you a CA? If you are, have you taken the CA review course or you did self-study?

quote:

Originally posted by AC-Milan Are you a CA? If you are, have you taken the CA review course or you did self-study?

Not a CA.

Im working towards my CGA. I work for an accounting firm. Im still a year or two away from being designated.

Jem

quote:

Originally posted by Jem_hadar Not a CA. Im working towards my CGA. I work for an accounting firm. Im still a year or two away from being designated. Jem

I envy your patience....personally couldn't sit through my government/not-for-profit acc class. I liked my Intermediate ACC classes and Ind./ Corporate Taxation classes the most. Are the requirements for CGA as tough as they are for God damn CA/CPA?

quote:

Originally posted by AC-Milan I envy your patience....personally couldn't sit through my government/not-for-profit acc class. I liked my Intermediate ACC classes and Ind./ Corporate Taxation classes the most. Are the requirements for CGA as tough as they are for God damn CA/CPA?

The requirement are all pretty much the same. Bc of the CA Summer School requirement I find that CAs tend to have a little more in depth complicated corporate tax knowledge than CGAs on average will have (unless the chose to specialize in the tax stream at the end, as opposed two the 3 other options available to chose)

Also, the exit requirement isn't as profound as the CA UFE... but the work up to it and has become very comparable (where as in the past it never used to be, the CA route clearly had a more rigorous education requirement)

The CPA exit require is even worse than the CAs... 2 days 8 hours a day for CPA exam , vs. CA's 4 days 4 hours a day for the UFE

Im not sure which system I feel is better. The two tier system that exists in the states allow for some IMO retarded situatinos where CPAs would only be allowed to practice in certain states depending on where they got designated, as each states has DIFFERENT educational requirements to qualify as a designated CPA. There also are some states that dont let you be designated once you've passed before you have all your credit hours in, while the other half do.

I find their system to be too be needlessly unstandardized.

Jem

You're right every state has its own educational and experience requiremnets for CPA designation. I'm studying for my CPA exam now in MI....I've already passed two sections of it (Regulations & Business Environment Concepts), preparing for Financials and Auditiong (the most difficult ones). I finished schools both in Canada and USA....hopefully they count my Canadian credits too, that way I will have 153 credits (150 needed to get certified).

how do salaries for accountants in Canada compare to US?
Starting salaries are $40,000 - $ 45,000 for "right-outta school" candidates. Experienced CPAs = $ 80,000 +

done and done get save and pay off my MC with it... WOOHoOOoie

WOOOOO HOOO 587 $ refund. thats a first !

quote:

Originally posted by jonnystel WOOOOO HOOO 587 $ refund. thats a first !

Imagine how many pills and caps you can get now

I love my LSIF... 3 k return.. muhahahaha... w000t

What happens if I'm late?

quote:

Originally posted by zokissima What happens if I'm late?

you get audited and the whole universe comes crashing down.
then i steal your money and become filthy rich. muhahahahahha

i think you get money taken or something like that.

i did mine with efile or whatever it's called. $1800

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