Canadian Tax Filing Deadlines

The Canadian tax filing deadlines for personal, business and corporation taxes can vary depending on the type of taxpayer and their fiscal year-end. Here are the general tax filing deadlines for each type of taxpayer:

Personal Tax Filing Deadline

Personal tax filing deadline: In Canada, most people must file their personal taxes by April 30 of each year [1]. Taxpayers who are employed, self-employed, or have additional sources of income, such as rental income or investment income, are subject to this deadline. The deadline to file your tax return is June 15 if you, your spouse, or your common-law partner are self-employed, but any unpaid taxes are still due by April 30.

Business Tax Filing Deadline

Business tax filing deadline: The deadline for unincorporated firms (sole proprietorships and partnerships) to file their annual business taxes is June 15 [2]. All unpaid taxes must still be paid by April 30th. It's crucial to remember because if you have an unpaid amount for the year, interest would be applied to any sum that is unpaid beyond April 30.

Corporate Tax Filing Deadline

Corporation tax filing deadline: The corporation tax filing deadline is six months after the end of the corporation's fiscal year-end [3]. The tax reporting date, for instance, would be June 30th of the following year if a corporation's fiscal year ended on December 31. Nonetheless, any unpaid taxes must be paid within two months of the corporation's fiscal year's conclusion.

In conclusion, it's important to note that these are the general tax filing deadlines, and they can vary depending on the specific situation of the taxpayer. Additionally, there may be penalties and interest charges for late tax filings or late payment of taxes owed.