M. Sohi, CPA Inc.
#102 - 32625 South Fraser Way V2T 1X8 Abbotsford, BC, Canada

The deadline to file your income tax and benefit return has been extended from April 30th to June 1st, 2020. The deadline to pay any 2019 balance has been ex...tended to August 31st, 2020. This means all 2019 balances paid before September 2020 will not incur any penalties and interest. We encourage you to file your income tax and benefit return electronically and as soon as possible to make sure your benefit and credit payments are not interrupted or delayed. For self-employed individuals and their spouse/common-law partner, 2019 balances paid before September 2020 will not incur any penalties and interest. Your income tax and benefit returns must still be filed by June 15, 2020. Businesses will be allowed to defer until after August 31, 2020, the payment of any income tax amounts that become owing on or after today and before September 2020. We will not contact any small or medium businesses to initiate any post assessment GST/HST or Income Tax audits for the next 4 weeks. The due date for trusts with a tax year ending December 31, 2019 will be extended to May 1, 2020. Trust payments due before August 31, 2020 are also all extended to August 31, 2020. Anything not covered by this measure will be considered on a case-by-case basis. More information on the financial measures introduced by the Government of Canada in response to COVID-19 here: http://ow.ly/WdC550yPiEf

Personal Tax | Self-Employed Businesses l Corporate Tax | Bookkeeping Services | GST | Payroll - contact us now for a quote (604) 850 1148 or [email protected]

If you are self-employed or have a corporation with a year-end of December 31. This is the time to do tax planning. If you have not done so already, don't be late, avoid unnecessary penalties and interest. Contact us if we can help. Call us at 604 - 850 -1148 or email us [email protected].

Personal Tax | Corporate Tax | Bookkeeping | GST | Payroll - contact us now for a quote (604) 850 1148 or [email protected]

February will be a busy month for business owners. T4 and T5 must be filed with CRA by the end of February. If you require assistance preparing T-slips, please contact us at 604 850 1148 or email us at [email protected]