|By Marketwired .||
|March 4, 2014 10:24 AM EST||
OTTAWA, ONTARIO -- (Marketwired) -- 03/04/14 --
Did you know?
As a self-employed individual, you and your spouse or common-law partner have until midnight on Monday, June 16, 2014, because June 15, 2014 falls on a Sunday, to file your 2013 income tax and benefit return. But don't forget-you must pay any balance owing for 2013 on or before April 30, 2014, regardless of your filing date.
-- If you earned self-employment income from a business you operate yourself or with a partner, you have to report it. For more information, go to www.cra.gc.ca/selfemployed. -- Keep thorough records if you own a business or are engaged in a commercial activity. The records have to give enough detail to determine the taxes you owe and support the benefits you are claiming, and they must be supported by original documents. -- If you receive income that has no tax withheld or does not have enough tax withheld for more than one year, you may have to pay tax by instalments. This can happen if you receive rental, investment, or self- employment income, certain pension payments, or income from more than one job. For more information, go to www.cra.gc.ca/instalments.
Canada Revenue Agency (CRA) online services make filing easier and let you get your refund faster
The CRA's online services are fast, easy, and secure. You can use them to file your income tax and benefit return, make a payment, track your refund, and more. Sign up for direct deposit too! Your refund and any benefit or credit payments owed to you will be deposited directly into your account, putting your money in your pocket faster. For more information, go to www.cra.gc.ca/getready.
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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