For most individuals, personal income tax returns must be filed by April 30th. However, if either you or your spouse (common-law partner) are self-employed, your personal tax return filing deadline is extended to June 15th. Regardless of the filing deadline, any tax balance owing must be paid by April 30th to avoid interest or penalties. If the due date falls on a public holiday or weekend, you have until the next business day to file your return.
For corporations, the income tax return must be filed no later than six months after the end of the fiscal year end. Depending on the type of corporation, any tax balance owing must be paid two months or three months after the fiscal year end.
Trusts must file their tax returns and pay their taxes no later than 90 days after the trust’s year-end. For most trusts, which have a December 31st year-end, the filing deadline is March 31st (or March 30th in a leap year).
Please feel free to contact us for assistance with your personal or corporate tax returns.
