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YouTubeInstaccountant
Filing vs Paying Taxes in Canada Explained: CRA Deadlines You Must Know
Understanding the difference between filing taxes and paying taxes in Canada is a common source of confusion especially for self-employed Canadians and small business owners. These are two separate CRA tax obligations with different deadlines. Filing late with a balance owing triggers a CRA late-filing penalty of 5% plus 1% for each full month ...
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