{"id":1377,"date":"2021-04-12T09:30:48","date_gmt":"2021-04-12T13:30:48","guid":{"rendered":"https:\/\/fortax.ca\/?p=1377"},"modified":"2021-04-12T09:30:48","modified_gmt":"2021-04-12T13:30:48","slug":"heres-whats-new-for-the-2021-tax-season","status":"publish","type":"post","link":"https:\/\/evolvethought.com\/fortax\/2021\/04\/12\/heres-whats-new-for-the-2021-tax-season\/","title":{"rendered":"Here\u2019s What\u2019s New for the 2021 Tax Season"},"content":{"rendered":"<style>\n.page-title-inner {display: none;}\n.entry-header-text-top {display: none;}\ndiv#comments {display: none;}\n.entry-author {display:none;}\nfooter.entry-meta {display: none;}\n.subul {margin:0;list-style:revert;}\n<\/style>\n<h1>Here\u2019s What\u2019s New for the 2021 Tax Season<\/h1>\n<p>There\u2019s one more chore to complete before troublesome 2020 can become a distant memory. Thanks to the pandemic, filing your income tax return will offer some interesting twists for this year\u2019s task. However, there can be some useful opportunities available for the strategic tax filer.<\/p>\n<p><strong>Deadlines and deferrals<\/strong><br \/>\nUnlike last year, there will be no deadline extension for filing your taxes, so it\u2019s time to get busy. To avoid penalties, April 30 is still the date to hit for most Canadians.<\/p>\n<p>If you\u2019re self employed, June 15th is your filing deadline, but any money you owe is due by April 30th. If you aren\u2019t certain that you don\u2019t owe taxes, you must at least finish your calculations by that time.<\/p>\n<p>The late-filing penalties are not negotiable, but there\u2019s flexibility around the interest you could be charged. Canada Revenue Agency introduced a \u2018targeted interest relief program\u2019 in February, focused on unexpected taxes from last year\u2019s Covid benefits. No interest for a full year; you might turn this into an investment opportunity.<\/p>\n<p>Be sure to file your tax return on time. Benefits such as the Canada Child Benefit (CCB), GST\/HST credit, and Old Age Security pension are based on it.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here\u2019s What\u2019s New for the 2021 Tax Season There\u2019s one more chore to complete before troublesome 2020 can become a distant memory. Thanks to the pandemic, filing your income tax return will offer some interesting twists for this year\u2019s task. However, there can be some useful opportunities available for the strategic tax filer. Deadlines and&#8230;<\/p>\n","protected":false},"author":1,"featured_media":1379,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"footnotes":""},"categories":[72],"tags":[],"class_list":["post-1377","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fortax-blog"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/evolvethought.com\/fortax\/wp-json\/wp\/v2\/posts\/1377","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/evolvethought.com\/fortax\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/evolvethought.com\/fortax\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/evolvethought.com\/fortax\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/evolvethought.com\/fortax\/wp-json\/wp\/v2\/comments?post=1377"}],"version-history":[{"count":0,"href":"https:\/\/evolvethought.com\/fortax\/wp-json\/wp\/v2\/posts\/1377\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/evolvethought.com\/fortax\/wp-json\/wp\/v2\/media\/1379"}],"wp:attachment":[{"href":"https:\/\/evolvethought.com\/fortax\/wp-json\/wp\/v2\/media?parent=1377"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/evolvethought.com\/fortax\/wp-json\/wp\/v2\/categories?post=1377"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/evolvethought.com\/fortax\/wp-json\/wp\/v2\/tags?post=1377"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}