Canada Tax Deadline: What you need to know

• Tax Software
• Intuit
• TurboTax Canada

20 Jan

Everything you need to know about the Canada tax deadline for personal income tax returns.

Do you live in Canada? Are you aware of the tax deadlines set forth by the Canada Revenue Agency? Generally speaking, Canada and the United States share the same tax season pattern. That being said, there is one important exception.

The IRS filing deadline for personal income tax returns is April 15th. In Canada, the deadline is April 30th. While this is only a difference of 15 days it is important to be aware of this deadline if you are a Canadian resident.

Do you owe additional tax along with your 2010 personal income tax return? If so, this money is also due to the Canada Revenue Agency by April 30th. The same deadline holds true for self-employed individuals.

It is one thing to be aware of the tax deadlines set forth by the Canada Revenue Agency. It is another thing entirely to adhere to this date and avoid penalties and interest on your account. If you are pressed for time or looking for help, it makes sense to hire a tax professional or use tax software. Either way, you are bettering your chance of meeting the April 30th deadline.

Now that you know when the deadline is for personal income tax returns the only thing left is to make sure you file on time.

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