Your Income Tax Return During Canada Post Strike

There are tax deadlines coming for Self Employed tax payers and also for many corporations, with December 31, 2010 fiscal year end.

Canada Post Strike will affect tax filing processes across the nation for those with upcoming tax deadlines, which small businesses and corporations have to meet in spite of the strike, according to CRA.

Beside taxes, businesses will have to file payroll deduction and GST/HST return within their respective time period.

Canada Post in a statement said that they will deliver mail to the CRA during the strike, except for cities affected by the rolling walk-outs. With that, CRA also said that any tax returns or statement filing that is post marked on the filing date or earlier will be considered on time, so tax payer and businesses must make sure that they get their mail stamped by the Canada Post before their respective deadline.

Beside Canada Post, there are several alternative ways to comply with your filing deadline with CRA.

1. Electronic Services with CRA – If you or your business qualifies, you can file your statement or returns by efile with CRA. You should have your secret efile code from CRA with your statement.
2. Drop Box – If you have a CRA office close by, you can drop off your statement or tax return directly at the CRA office drop box.
3. Direct Deposit – You might have access to direct deposit with your financial institution to your CRA account and if you owe any money, you should transfer payment from your account to CRA account easily.
4. Your Tax Professional – If you have a professional looking after your business accounting and taxes, they would be able to help you, file your tax or statement directly to CRA.
5. Tax Software – There are some off the shelf tax software that are approved by the CRA and can use the CRA efile system.

One sure thing, despite whatever is going on in the country, you will have to pay your taxes on time.

We are at taxsupport.ca, can help you, if you have to send your tax return and statements on time to CRA.