Skip to main content

Featured

WestJet Strike Countdown: What to Do If You're Flying This Long Weekend

  Published July 31, 2026  |  Canadian Money Brief If you've got a WestJet flight booked for this weekend, here's the situation in one line: a strike or a lockout could ground the airline's cabin crew as early as Saturday, August 1 at 11:59 p.m. Mountain Time / Sunday, August 2 at 12:01 a.m. MT — right at the start of the busy August long weekend. Nothing has happened yet. WestJet and the union representing its roughly 4,400 flight attendants, CUPE Local 8125, are both still at the table. But both sides have now filed the legal paperwork that makes a work stoppage possible within days, so this is the moment to actually check your booking rather than hope it sorts itself out. HOW WE GOT HERE Flight attendants voted 99.4% in favour of a strike mandate back on July 15. On July 30, the union issued a 72-hour strike notice over wages and unpaid ground work — CUPE says the average flight attendant does about 35 hours a month of unpaid boarding, security, and delay-related work...
Post a Comment
Read more

article

Labels

What Happens If You Don’t File Your Taxes in Canada?

 

As the April 30 tax deadline approaches, it’s crucial to understand the consequences of not filing your tax return in Canada. Whether you owe money or not, failing to meet the deadline can lead to serious repercussions. Let’s dive into what you need to know:

  1. Late Filing Penalty:

    • If you owe taxes and miss the filing deadline, the Canadian Revenue Agency (CRA) imposes a late filing penalty. This penalty is calculated as follows:
      • Five percent of your 2023 balance owing.
      • Additional one percent for each full month you file after the due date, up to a maximum of 12 months.
    • In total, you could end up paying 17 percent of any balance you owe.

  2. Interest Charges:

    • The CRA charges compound daily interest on any balance owing for 2023 that you’re unable to pay by the April 30 deadline.
    • The interest rate is approximately 10 percent, and it accumulates daily starting from May 1, 2024.

  3. Severe Actions for Consistent Late Filers:

    • If you consistently file late or ignore repeated requests, the CRA can take more severe actions:
      • Garnishing wages.
      • Freezing bank accounts.
      • Placing liens on properties.
      • In extreme cases, tax evasion or fraud charges, which may lead to jail time.

  4. Benefits at Risk:

    • Even if you don’t owe money, timely filing is essential to maintain benefits such as:
      • Canada Child Benefit (CCB).
      • Provincial and territorial payments.
    • Failure to file could result in losing these benefits.

Remember, meeting the tax deadline is crucial to avoid penalties, interest, and potential legal consequences. Whether you owe money or not, file your taxes on time to stay on the right side of the CRA! 

Labels:

Comments

Post a Comment