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Tax return errors and instalment rules for Canadians
Revenue Canada faces a flood of nearly 19 million 1990 income tax returns. Mistakes in non refundable tax credits and other areas slow refunds, with millions of Canadians affected by complex rules. Installment payments apply to those not tax deducted at source, with Options for Prior Year or Current Year estimates. Farmers and fishermen pay one instalment by December 31, others by March 15, June 15, September 15, and December 15. Mr. Mardon of Investors Group Inc. provided context.
MENTIONED IN THIS ARTICLE
Revenue Canada
Ottawa
the Financial Post
Canada Pension Plan
Quebec
Mardon
Investors Group Inc