25 The post Tax hangover

We often talk a lot about tax leading up to the deadline, but the aftermath is often more important. For those who get a refund and/or can access the various benefits, that extra injection of cash can go a long way in keeping up with expenses or stashing away for a rainy day. What happens when you owe? Not filing or pretending that it didn’t happen won’t make it go away. In fact, as friendly as the Canada Revenue Agency (CRA) can be, they always come around and ask, “where my money?” They might not break kneecaps, but they will come collect sooner or later and the later part comes with hefty fines. This week our hosts cover what to do when you owe and what to do when you get a refund (besides having a celebratory beverage)! Find out how most Canadians will be spending their tax refunds. The answer might surprise you. Links: Paying the CRA: https://www.canada.ca/en/revenue-agency/services/payments/payments-cra/payment-arrangements.html CRA numbers (who you gonna call?): https://www.canada.ca/en/revenue-agency/services/about-canada-revenue-agency-cra/when-you-money-collections-cra/contact-canada-revenue-agency-about-your-debt.html