whoops, I forgot to file one of the T4s

[5t3v3]

This T4 only has ~$3000 income to it.
I totally forgot to file it for for the 2004 tax return.

Should I bother doing anything about it at all? :banghead:
What can happen?
fine and/or jail? :confused: :nut::dunno:

help.

[tictactoe2004]

don't worry about it till someone mentions it, then just say you didnt even realize what you did and you would like to know how to fix it.

[kenny]

Revenue Canada doesn't believe in "I forgot about it".

Update it!

[benyl]

As Kenny said, you should update it.

You will probably have to pay some sort of penalty for paying the taxes late. Better to pay it now that wait 5 years for them to come after you. Compound interest sucks.

[frostyda9]

With an income of 3 grand, you aren't going to pay any taxes. Just update it for your records....missing tax returns are a good way to get unwanted attention from Revenue Canada

[Weapon_R]

^ He said it was "one" of the tax returns. Its likely that he would owe taxes, otherwise there would be no hesitation in trying to file it if he were owed a return.


Ignorance is not an excuse. File it as it more than likely means that you owe more to the government than you have already paid, and they won't like that.

[frostyda9]

One T4 out of multiple T4's for a single year...ok. Sorry I am a little slow tonight :nut:

[5t3v3]

Schiesssssee!!!!
I guess I have no choice. *sigh*

Thanks for replies, guys.

[liquid1010]

Am I lost here... or why would you be filling out your own T4? Why wouldn't you just declare the income on your tax return?