TORONTO, April 30 /CNW/ -
- Anyone receiving the GST credit or the Child Tax Benefit (CTB) should
file a return by April 30 in order to continue receiving these
benefits on time.
- Any senior receiving Guaranteed Income Supplement (GIS) through Old
Age Security should file on time to ensure their benefits continue
- Students applying for a provincial/federal loan should ensure they
file on time so processing their OSAP request is not delayed. This
would include their parents as well since their tax returns are
reviewed by the processing centre.
- Late filing penalties are five per cent of the balance owing, plus one
per cent interest is charged for each full month that the debt is not
paid, to a maximum of 12 months.
A local H&R Block tax professional can talk about more last minute tax
About H&R Block Canada
H&R Block Canada has been preparing taxes for more than 40 years and is
Canada's leading tax preparation firm. Headquartered in Calgary, Alberta, the
company serves Canadian taxpayers in more than 1,100 offices across the
country. H&R Block Canada Inc. is a subsidiary of H&R Block, Inc., a
diversified company with subsidiaries providing a wide range of financial
products and services. Additional information about H&R Block Canada is
available at 1-800-HRBLOCK or visit www.hrblock.ca for more tax tips.
For further information:
For further information: Tina Quelch, Calador Communications, (416)