am i the only one feeling the same about filing my taxes ''whatever you call it'' ???

[Ciel]

1) File your tax returns first and soon-do not wait for April 30. I suggested that if you have funds to send even $10 or so in with the return, it's a start to paying off the taxes.

Payment arrangements

If you cannot pay your balance owing on or before April 30, 2014, we will accept a payment arrangement only after you have reasonably tried to get the necessary funds by borrowing or rearranging your financial affairs. If the CRA agrees that you are unable to make a full payment, an agent can develop a plan with you to help you pay your taxes. Call us at 1-888-863-8657 to discuss a payment arrangement. Our agents are available Monday to Friday (except holidays) from 7:00 a.m. to 11:00 p.m., Eastern time.

You can make a payment arrangement through our TeleArrangement service by calling 1-866-256-1147. To use this service, you will need to provide your social insurance number, your date of birth, and the amount you entered on line 150 from your last return for which you received a notice of assessment. TeleArrangement is available Monday to Friday, 7:00 a.m. to 8:00 p.m., Eastern time.

You can also set up a pre-authorized debit agreement (PAD) at your convenience through My Account. For more information, see Pre-authorized debit.

We still will charge daily compound interest on any outstanding balance starting May 1, 2014, until you pay your balance in full.

If you do not deal promptly with your tax arrears, the CRA can take serious measures including legal action such as garnishing your income or your bank account or initiating other legal action such as seizing and selling your assets.

2) You can call CRA to ask about payment arrangements>http://www.cra-arc.gc.ca/tx/ndvdls/t...gmnts-eng.html


3) No, you cannot just leave the tax bill until next year. If the amount goes over $3K, your spouse would be required to pay quarterly tax installments on CRA's estimate of what he would be earning and that would be mandatory.

*Correction-CRA does not apply a penalty fee on returns with balances owing if returns are filed by April 30. However, interest does accrue starting May 1.

Think it's time to see if you can have a yard sale/garage sale to make some money for the tax bill.