Get Rent Certificate 2012 Form

The penalty is 5% of any balance owing, plus 1% of the balance owing for each full month that the return is late, to a maximum of 12 months. The late-filing penalty may be higher if the CRA assessed a late-filing penalty on a return of the deceased for any of the 3 previous tax years.

If a due date falls on a weekend or statutory holiday, the CRA must receive the remittance on the following business day. Small businesses that do not have any source deductions to remit within a month or quarter are known as nil remittances.

Additional legislative penalty for conspiring in order to avoid reporting contract payments (T5018 information returns) Any contractor that plans with subcontractors to avoid tax by concealing underground activity could face criminal prosecution, with fines and penalties of up to 200% of the tax they tried to avoid.

You can request a correction to a file number, a given period or an amount in a remittance form for source deductions and employer contributions previously filed. To make such a request, use form TPZ-1015.

A taxpayer considers his payment to have been misallocated if it was applied differently than intended.

This slip is used to report income relating to contract payments carried out with government departments, federal organizations or Crown corporations. Income entered on this slip can be reported either on line 13000 of the T1 return, as other income, or in a statement of business activities (Forms T2125 and T2042).

You will remain anonymous When you report suspected tax or benefit cheating (by submitting a lead), you will not be asked to disclose personal information about yourself. The protection of personal information is important, and the CRA is committed to protecting your identity.

The CRA provides three different methods to report a nil remittance: online via your CRA My Business Account, using the “Provide a nil remittance” service; via their TeleReply phone service; or. by mail.