Tips. You can use any of the standard filing tools that you would normally use to prepare your tax return if you are filing late. However, you should be prepared to pay a late filing fee on top of any taxes you may owe for the year.... via GIPHY. But if you're due a tax refund in Canada, technically you have up to 10 years to file your tax returns. I mean, it's not something that I would personally want to do, but it's possible.
The result of filing a return with the federal government can result in either a refund (money owed to the person or corporation filing the return), or an amount due to be paid. There is a penalty for not filing a tax return.... via GIPHY. But if you're due a tax refund in Canada, technically you have up to 10 years to file your tax returns. I mean, it's not something that I would personally want to do, but it's possible.
There is no age limit when it comes to filing tax returns – and that includes young folks too! So if you happen to be the proud parent of a 2 year-old child who is earning enough money that taxes are owing, it's a legal requirement that he/she files a tax return!... via GIPHY. But if you're due a tax refund in Canada, technically you have up to 10 years to file your tax returns. I mean, it's not something that I would personally want to do, but it's possible.