Top Ten Tax Tips From Late Night Show

Here is the top ten tax tips from one of the late night’s talk show, David Letterman. Not bad for a good laugh.

10 More Days Left to File Your 2010 Income Tax Return

There are about 10 more days left to file your Canadian tax return, if you owe any tax to CRA for tax year 2010.

If you don’t owe any tax and expecting a refund, you do not need to worry. CRA is more than willing to keep your refund, until you get the time to claim it.

What are the consequence of not filing your 2010 tax return by the tax filing deadline, which falls this year on May 2nd?

There are two types of late filing fees. One is the late-filing penalty and the other one is interest on the balance owning starting May 3rd, 2011.
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