Personal Tax Tips

personalWhat is the Last Day for Filing Income Tax in Canada?

For individual taxpayers, April 30 is the due date for Canadian taxes. When April 30 falls on a weekend or holiday, the next business day becomes the due date. Self-employed people have until June 15 to file, however any balance owing for the previous tax year is due on or before April 30.

If you file your return after April 30, 2018, your GST/HST credit (including any related provincial credits), Canada child tax benefit payments (including related provincial or territorial payments), and old age security benefit payments may be delayed.

If you or your spouse or common-law-partner carried on a business in 2017 (other than a business whose expenditures are primarily in connection with a tax shelter), your return for 2017 has to be filed on or before June 15, 2018. However, if you have a balance owing for 2017, you have to pay it on or before April 30, 2018.

When the due date falls on a Saturday, a Sunday, or a holiday recognized by the CRA, consider your return to be filed on time if it is received or postmarked on the next business day.

Paying your 2017 taxes owing

If you have a balance owing for 2017, you have to pay it on or before April 30, 2018.

Generally, if this amount is $2 or less for 2017, you do not have to make a payment.

If you owe tax for 2017, and you file your 2017 return after the filing due date, you will be charged a late-filing penalty.

Revenue Canada will start charging compound daily interest on any outstanding balance for 2017 starting May 1, 2018, until you pay it in full.

 

Back To Top