Comments on: Tax Deadline 2009, Another Rate Drop and Weekend Reading – April 24, 2009

By: InvestAssetWealth

InvestAssetWealth — Tue, 28 Apr 2009 23:18:53 +0000

Four Pillars,

An incorporated Canadian Controlled Private Corporation has up to 6 months after their fiscal year end to file income tax. A Sole Proprietorship on the other hand must file their income tax alongside their personal return, by the regular end-of-April deadline.

3 cheers for low interest rates!

InvestAssetWealth

By: Canadian Finance

Canadian Finance — Tue, 28 Apr 2009 02:10:27 +0000

I still believe that a fixed rate is the way to go on a new mortgage. But your right FT, in your case, stick with what you have. You might be mortgage free before the rates move up!

By: moneygardener

moneygardener — Sat, 25 Apr 2009 02:19:09 +0000

I appreciate the link FT! Have a good weekend.

By: cannon_fodder

cannon_fodder — Fri, 24 Apr 2009 14:57:37 +0000

I haven’t done my taxes and the weather is going to be fantastic this weekend. I believe I’m getting a small refund so then the deadline is not a concern.

But, if I’m wrong…

By: Canadian Capitalist

Canadian Capitalist — Fri, 24 Apr 2009 14:06:20 +0000

Thanks for the mention FT! And congrats on The Star mention. Cheers!

By: Pinyo

Pinyo — Fri, 24 Apr 2009 13:27:04 +0000

Learning something new everyday. I didn’t know Canadians have 15 extra days to file taxes. And thank you for mentioning Greatnexus to your readers — much appreciated.

By: Thicken My Wallet

Thicken My Wallet — Fri, 24 Apr 2009 13:15:14 +0000

Thanks for the link. From what I understand, you have until June 15 to file for corporate tax returns but if you owe money, interest accrues starting April 30 (I think). I usually file my taxes on April 30 for personal and business income just to avoid the confusion.

By: WhereDoesAllMyMoneyGo.com

WhereDoesAllMyMoneyGo.com — Fri, 24 Apr 2009 13:06:38 +0000

Thanks for the love FT. (and the link) :P

By: Michael James

Michael James — Fri, 24 Apr 2009 12:54:09 +0000

FrugalTrader: My wife and I paid off our first mortgage in 4 years by doubling all payments and paying down the extra 10% allowed each year. We were very nervous about debt. We moved to a bigger house and got another mortgage, but it was fairly small and we disposed of it quickly again.

By: Four Pillars

Four Pillars — Fri, 24 Apr 2009 12:31:32 +0000

Ok – well it doesn’t matter too much. I’ve got my return filed and paid the money (like you!) :)

By: Canadian Dream

Canadian Dream — Fri, 24 Apr 2009 12:13:32 +0000

FT,

Thanks for the link. Have a good weekend.

Tim

By: FrugalTrader

FrugalTrader — Fri, 24 Apr 2009 11:32:26 +0000

FP, I’m not sure as to the why, but I remember when I filed a couple years back, the accountant was pretty lax about my personal return (after April 30th) because I didn’t owe and I had a small business.

By: Four Pillars

Four Pillars — Fri, 24 Apr 2009 11:25:22 +0000

Why is there a different deadline for small businesses? Aren’t they part of the same return as your regular income? That’s how I did it.

By: FrugalTrader

FrugalTrader — Fri, 24 Apr 2009 11:13:09 +0000

Michael, did you pay off your mortgage early, or do you rent?

By: Michael James

Michael James — Fri, 24 Apr 2009 10:47:32 +0000

Thanks for the mention. I`m in the happy position of not having a mortgage, but with rates so low, I’m tempted to try a little leverage.