Tax time????

[0sm0di0r]

Hello,

I mailed out my return last Friday (April 23), dropped it in the mail box. I included a cheque too because I owe money. I checked my bank account today online and there was no indication of my cheque being cashed by canada revenue. I am worried that perhaps they did not get my return yet in the mail or perhaps it got lost. If that's the case would Revenue Canada notify me (and how soon) if they did not get my return? Also what is the interest for late payments?

Any advise or thoughts?

 

[Lola S]

If it's lost and not filed by midnight they will ding you 5% interest for not filing on time. Being lost in the mail in Revenue Canada's eyes is no excuse. I prefer to look at them as Nazis!

 

[Ashley .]

What he said.

 

[? Christina angel baby ?]

Listen to Riley LL.

 

[Terrier (UK)]

LL it may take weeks before they cash it, I wouldn't worry for another week.

 

[ShinkuOkami]

I send mine April 20th and my money sitting in my account, for now.

 

[Anthony W]

What Iambad said. The govt is usually very slow at cashing cheques. Average time that I have experienced with them is about 2 to 3 weeks.

 

[Nathan S]

As long as it's postmarked by April 30th, you're okay bud.

http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/ncm-tx/rtrn/cmpltng/ddctns/lns409-485/485-eng.html


5% is the interest rate that's charged if you pay after this date, assuming you filed your return on time. Otherwise, it's an additional 5% penalty for filing the return late.

http://www.cra-arc.gc.ca/nwsrm/rlss/2010/m03/nr100309-eng.html

 

[R. P]

LL, you are going to jail bud. Its Ok we will all visit you and King will bring a SP or 2 for you.

 

[Mike Hunt]

Shit, then it makes it worth going to jail.