Meet Tax Filing Deadlines

Asap Business Services puts an emphasis on filing your personal tax return by the deadline. The filing deadline for an employed Canadian is April 30th, 2021 for the 2020 tax year. If you owe any tax corresponding to the 2013 tax year, then you will have to pay any amounts owing by the April 30th deadline. If you are a self-employed individual, the filing deadline to submit your personal income tax return is June 15, 2021, for the 2020 tax year. However, if you have any amounts owing in taxes then you will have to make that payment by the April 30th, 2021 deadline but will not be required to file your taxes until the June 15th deadline.

What happens if you miss the tax deadline?

Interest at prescribed rates will start to accrue after the April 30th deadline if payments are not made on time. Penalties may also start to apply if taxes are not submitted within the proper reporting period.

Tax Credits

There are many tax credits individuals are able to apply on their Personal Tax Returns in Saskatoon. These credits are provided by the government and can be quickly integrated into your Personal Tax Return. Below is a list of commonly seen tax credits used on a T1 Tax Return.

Tax Deductibles

As your personal tax representative in Saskatoon, Asap Business Services will identify deductions to be included in your personal tax return. Included down below is a list of deductions that may be seen in your personal tax return.

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