Late Taxes Done Right with Toronto Late Tax Filing Services
No matter how good your intentions to get your taxes filed this year, life can come at you fast. Unpredictable events happen, and sometimes taxes aren’t your top priority. While not filing taxes is a serious issue, experienced tax professionals can help. Regardless of your filing situation, make sure you get your taxes done right with Toronto’s trusted late tax filing services.
Everyone Needs to File Taxes–Don’t Risk Penalties and Fees by Skipping This Year
You can’t avoid your taxes by not filing. Your situation will worsen when you try to ignore the deadline.
What Happens When You Don’t File Taxes?
This strategy may work for a short amount of time but at some point, the CRA will flag your file, and the penalties will catch up with you. They can range from fines to prison time and even a criminal record for tax evasion.
It’s understandably stressful when you have a complicated tax situation or believe you’ll owe money. However, the consequences of not dealing with your taxes are more severe than any amount you may owe.
What Happens When You File Your Taxes Late?
- April 30: most individual taxes are due.
- June 15: deadline for self-employed taxes, but filers must pay owed balances by April 30.
For late taxes filed in the same year, you can file your taxes like usual and just pay the penalties and fees.
What Happens If My Taxes Are Over A Year Old?
The good news is that you’re taking care of it now–and you don’t have to deal with your delinquent taxes alone! A Toronto tax professional experienced in late tax filing will tackle your late filings. They’re an advocate to avoid prosecution and negotiator for penalties and fees.
Leonard Tam Professional Corporation Has Provided Toronto with Late Tax Filing Services since 1990
Our team at Leonard Tam Professional Corporation provides judgment-free guidance and help to get your late tax filing done right. Sign up for a free consultation to find out how we can help with your unique situation.