Did you know that the Alberta government does not require you to pay a balance of $20 or less? After Alberta Finance processes your return, any money that may be owed $20 or less (including interest and penalty charges) does not have to be paid and the government actually reverses the charges. Regardless, Foundations LLP recommend that you bring in your year-end for processing early as there are two important deadlines to remember. If there are taxes owing, interest on the unpaid balance starts on the first day of the fourth month after the year end, and penalties are incurred on unpaid taxes which are not filed within six months. As we require a minimum of four weeks to prepare year ends, please keep this in mind as the above dates approach.