Last-Minute Tax Filing for Self-Employed Individuals: Deadline Tomorrow
Are you a self-employed individual in Canada? If so, tomorrow marks an important deadline for you: the tax filing deadline for businesses for self. Here’s why it’s crucial to file on time and how Cultivate + Evolve Financial can help if you have concerns about tax payments, overruns, or need ideas surrounding repayment options.
Why Filing on Time Matters 
The Canada Revenue Agency (CRA) has increased the interest rate for late tax payments from 5% to 10% in 2024. Filing on time is essential to avoid significant financial penalties.
How We Can Help
At Cultivate + Evolve Financial, we understand the challenges self-employed individuals face with tax payments. We offer solutions to ease the burden:
- Tax Concerns: If you’re worried about tax payments or overruns, we provide guidance and support.
- Repayment Options: We work with lender partners who can assist you in paying your tax balances. These options provide flexibility with payments.
- Collaboration: We work alongside your accountant and financial advisor to ensure a strategy that meets your short and long-term goals.
Take Action Today
If you’re a self-employed individual facing tax filing deadlines and concerns, don’t wait until it’s too late. Contact us at Cultivate + Evolve Financial today to discuss your options and ensure your taxes are paid on time. Our team is here to support you every step of the way.
Conclusion
Filing taxes on time is crucial for self-employed individuals, especially with the CRA’s increased interest rates. At Cultivate + Evolve Financial, we offer solutions to help you manage your tax payments and avoid unnecessary penalties. Contact us today to learn more about how we can assist you.
