It is important to distinguish between the dates returns must be filed and when any amounts owing are due to avoid unnecessary penalties. If you owe taxes, you will be assessed interest on any amounts owing after April 30th. If you are unable to pay the amount owing, it is recommended that you still file a return to avoid a late-filing penalty.
For individuals, personal tax returns and any amounts owing are due by April 30th.
If you have self-employment income, or your spouse has self-employment income, your personal tax returns must be filed by June 15th. However, any amounts owing are still due April 30th.
When a due date falls on a Saturday, a Sunday, or a public holiday, the Canada Revenue Agency considers your payment to be paid on time or your return to be filed on time, if they receive it or if it is postmarked on the next business day.
If you have a corporation, tax returns must be filed within six months of year end. Taxes must be paid within three months of year end for Canadian controlled private corporations (CCPC) and within two months for all other corporations.
CRA Resources
- CRAs Interest and the late-filing penalty web page
- CRAs Important date page web page
- CRAs Topics for Corporations
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