Weekly Tax Tips
Filing Reminder for Self-Employed Individual and Spouse
Date: 27 May 2011
For self-employed persons (if you or your spouse carried on a business in 2010, other than a business whose expenditures were mainly in connection with a tax shelter), your return for 2010 has to be filed on or before June 15, 2011.
Please note that although the return is due June 15th, any taxes owing for the 2010 tax year were due on May 2, 2011. Interest will be charged on late payments and penalties will apply to the unpaid tax if your return is not filed on time.
This tax tip is a publication of BDO Canada LLP on developments in the area of taxation. This material is general in nature and should not be relied upon to replace the requirement for specific professional advice. The information in this tax tip is current as of 27 May 2011.
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