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This year’s income tax deadline in Canada is June 1—but individuals who file before Sept. 1 will not have to pay interest.
Income taxes are due Monday
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The extended tax filing deadline in Canada is Monday.
Canadians normally have to file their income tax return by April 30, but this date was extended due to the COVID-19 pandemic.
Individuals must file their taxes by June 1, and self-employed individuals by June 15. However, individuals who file their taxes between June 1 and Sept. 1 will not be charged late-filing penalties or interest.
Filing taxes on time is encouraged to ensure the Canada Revenue Agency (CRA) can accurately calculate benefits based on 2019 tax returns.
Individuals who do not file their taxes by June 1 will have their benefits and/or credits assessed based on information from 2018 tax returns. It is possible that the CRA will make adjustments based on updated income information once those individuals file their 2019 tax returns.
For more information on this year’s tax deadline, click here.
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