Answer: Filing your tax return electronically with the CRA. It allows your tax returns to be processed faster with a quicker turnaround from the CRA.

Answer: A revised Notice of Assessment is issued by the CRA after the initial NOA. This may be due to additional or missing information that has come to the attention of the CRA, which was not reported on your initially filed personal tax return.

Answer: A Notice of Assessment is issued by the CRA at the assessment of your filed tax return. It is to verify the information that you have filed against the records of the CRA.

Answer: No, if the total taxes owing for the year are less than $3,000.

Answer: The instalment letters are based on last year’s assessment of your personal taxes. The payments are mandatory and NEED to be made to avoid installment interest.

Answer: All tax liabilities owed to the CRA on your personal taxes, are due by April 30th.

Answer: If you or your spouse carried on a sole-prop business during the year, you have until June 15, 2018 for you both to file your personal taxes.

Answer: To file your Personal income tax returns, you have until 30th April.