Canadian Money Brief | October 19, 2026 CFB Wainwright Fire: What We Know and How to Help Without Getting Scammed Four Canadian soldiers are dead and 39 people were hurt after a grass fire overtook a live-fire training exercise in Alberta. When tragedy hits, Canadians want to help. Scammers know it. What happened On Saturday, October 17, a fire ignited in a training area at Canadian Forces Base Wainwright, about 200 km southeast of Edmonton. Officials say it began as a grass fire during training that included grenades and live ammunition. Military leaders said the fire was known to range control for hours and was believed to be contained enough for training to continue. Then the wind turned. Reporting from Al Jazeera and ABC News describes gusts jumping from about 50 km/h to as high as 96 km/h, pushing the flames toward soldiers and their administrative area. Defence officials said 84 members of the Princess Patricia's Canadian Light Infantry were in the training area. Four servi...
With the April 30 deadline swiftly approaching, time is running out for most Canadians to file their 2023 income tax returns. But fear not, procrastinators! It’s not too late to get started. I’ve gathered some essential tips to help you navigate this last-minute scramble:
Understand the Consequences of Filing Late:
- For employees, the deadline is April 30, while self-employed individuals have until June 17 (since June 15 falls on a Saturday).
- Regardless of your employment status, ensure that any outstanding balance is paid by April 30. Failure to do so results in daily compounded interest at an annualized rate of 10%.
- Late-filing penalties are even steeper for repeat offenders. If you owe money to the government, it’s crucial to act promptly.
Claim All Deductions:
- Common mistakes arise from “mistakes of omission.” People often forget to claim eligible deductions.
- Use your previous year’s tax return as a reference to ensure you haven’t missed any potential deductions.
- If you’re unsure about a specific line number, visit the CRA website for explanations.
Use a Checklist:
- Anxiety about being late can be overwhelming. Ease your mind by using a checklist.
- TurboTax Canada provides a 2023 tax checklist to ensure you have all necessary documents.
- Remember, late returns may delay payments for credits and benefits like the GST/HST credit and the Canada Child Benefit.
Pay Attention to Deadlines:
- April 30, 2024: The deadline for most Canadians to file their tax return. Pay any outstanding balance by this date to avoid penalties and interest.
- June 15, 2024: Self-employed individuals have until this date to file. Don’t procrastinate!
Remember, if you’re due for a refund, there’s no penalty for filing late. However, the longer you wait, the longer your refund remains in the government’s hands. So, take that money and put it to good use!
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