TORONTO, April 15, 2014 /CNW/ - Even though a new deadline is in place allowing Canadians more time to file a personal tax return, you are encouraged by the Chartered Professional Accountants of Canada (CPA Canada) not to delay.
The Canada Revenue Agency (CRA) recently prevented access to its online services for several days because of a security threat and that has led to an extension of the deadline to file a 2013 tax return. The new deadline is May 5, 2014.
"Don't get caught and be forced to scramble if you plan to use a professional accountant," warns Gabe Hayos, vice-president, tax, CPA Canada. "It's always in the taxpayer's best interest to get their information to the accountant as early as possible. Taxpayers should not delay even with the extension."
Some firms may not be in position to accept tax returns after the original April 30 deadline. They simply won't have the resources with staff having already made vacation plans, including booking flights, based on the earlier filing deadline. Hayos explains that it is not unusual for professional accountants to want to take personal time immediately after tax season.
"The best approach to have things run smoothly is to file your tax return sooner rather than later," Hayos notes. "It's just easier for all involved."
That being said, if you do file at the last minute, there still will be professional accountants available to help you. "Just remember, the pool to draw from may be smaller this year," stresses Hayos.
He also is appreciative of the CRA for its recent actions. "The Canada Revenue Agency moved swiftly to deal with the security threat," Hayos says.
About CPA Canada
CPA Canada is the national organization established to support unification of the Canadian accounting profession under the Chartered Professional Accountant (CPA) designation. It was created by the Canadian Institute of Chartered Accountants (CICA) and The Society of Management Accountants of Canada (CMA Canada) to provide services to all CPA, CA, CMA and CGA accounting bodies that have unified or are committed to unification. As part of the unification effort, CPA Canada and the Certified General Accountants Association of Canada (CGA-Canada) are working toward integrating their operations this year. Unification will enhance the influence, relevance and contribution of the Canadian accounting profession both at home and internationally. www.cpacanada.ca
SOURCE: CPA Canada
For further information:
or to arrange an interview, contact:
Tobin Lambie, principal