Did you know?
Most Canadian income tax and benefit returns for 2015 are due on April 30, 2016. However, as this date is a Saturday, the Canada Revenue Agency (CRA) will consider your return as filed on time and your payment to be made on time if the CRA receives your submission or it is postmarked by midnight on May 2, 2016.
Self-employed individuals and their spouses or common-law partners have until June 15, 2016, to file their income tax and benefit return, but any balance owing is still due no later than May 2, 2016.
The Canada Revenue Agency shares tips in this article on the different payment methods they accept, as well as how to make payment arrangements if you cannot pay your balance owing by the tax-filing season deadline.
Consult one of our knowledgeable Chartered Professional Accountants if you would like more information.