Tax questions? You ask lah! #182

Published: Wed, 07/31/24

Updated: Sat, 08/03/24

Tax questions? You ask lah!

Your weekly dose of tax knowledge - become tax savvy in just 2 minutes!

I am an employee who submits Form BE annually. Last year, I submitted Form e-BE within the submission due date and have an overpaid tax. I did not receive the tax refund until 60 days later. Am I eligible to receive 2% compensation for the overpaid tax?

No, you are not eligible because the 2% compensation for the late refund of overpaid tax is only applicable if you receive the tax refund after more than 90 days from the due date of submission.

I am a sole proprietor with two sole proprietorships. Which business's financial particulars should I fill out in my Form e-B?

You are required to fill in the financial particulars of your main business only. You may select the business with the highest turnover if there is more than one main business.

Wishing you plentiful tax savings!

Zen Chow

YYC Tax Guru

P.S. I've received a lot of tax questions, so now I am answering the frequently asked questions and sharing them with you weekly!

P.P.S. Want to go WAY deeper? Want to SAVE tax? Click Here for details! https://bit.ly/free-webinar-english

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