CRA Deadlines
The deadline to file your return and pay your taxes is April 30, 2021. If you’re self-employed or have a spouse or a common-law partner who is self-employed, the deadline to file your taxes is June 15, 2021. All taxes owed must still be paid by April 30, 2021.
Here at Hometown Accounting, we want to help you in any way that we can. We are an experienced team able to work with you or your business and we always strive to get the maximum returns possible.
Indivduals
April 30th
Individuals must file their personal income tax by April 30th every year. If you file and pay any taxes owing by April 30th you will not be assessed interest or penalties.
Self Employed
June 15th
Self Employed people have until June 15th to file their tax returns. However if there is a balance owing for the tax returns this must be paid on or before April 30th.
Late Penalties
The CRA has the ability to charge a late filing penalty of five percent of your balance owed plus an additional 1 percent for each month the return is late. Don’t wait till its too late contact us today.