This extension applies to individuals who carried on a business in the year , other than a business whose expenditures are primarily the cost or capital cost of tax shelter investments. The extension also applies to the spouse of an individual who carried on a business in the year. The Interpretation Act s. According to the Interpretation Act, Saturday is not considered a holiday. However, the CRA information on Important Dates for Individuals indicates that "When a due date falls on a Saturday , a Sunday , or a public holiday , we consider your payment to be paid on time or your return to be filed on time, if we receive it or if it is postmarked on the next business day.
Payments of these amounts are deemed to have been made on the date that they are received by CRA Receiver General , as per s. Many CRA offices stay open until midnight on the personal income tax return filing due date to accept returns.
If you can't afford to pay, file your tax return on time to avoid late-filing penalties! If you are unable to meet your tax obligations due to extraordinary circumstances such as flooding , actions of the CRA, financial hardship or other circumstances, you may be able to apply for Taxpayer Relief.
Tax Tip: Always file your tax return on time, or better yet, early! Compare Canada to other countries. When will the pandemic become endemic? Disease experts eye beginning of the end.
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Story continues below advertisement. What if you owe taxes? Accountants concerned about decision not to extend the deadline. Self-employed individuals and their spouses or common-law partners have until June 15 to file their tax returns. However, any balance owed must still be paid by April If you have self-employment income, consider preparing your tax return well before April 30 to calculate if you have a balance owed.
This will help you avoid late-payment penalties. The Canada Revenue Agency sets strict filing deadlines, and expects to receive income tax returns and payments on time.
If not, the CRA charges interest, fees, and penalties. If you want to avoid late fees, you need to know when your return is due. Quebec residents will also receive a RL-1 with amounts in Box O — 5,6,7 depending on which benefit you received. Revenue Quebec has advised that there will not be any penalties or interest charged for individuals, who file or pay their provincial taxes owing after April 30th, but no later than May 31st, Please review this link from RQ French only for more detailed information.
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