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It’s tax deadline day – did you file?

CityNews | posted Monday, May 2nd, 2016

It’s tax deadline day in Canada, with Monday being the last day to file if you owe the government money.

Technically, the last day was April 30, but as that date fell on a Saturday, the deadline was extended until Monday.

For self-employed people who do not owe any money, the deadline is extended until June 15.

Missing the tax filing deadline triggers penalties on any amounts owed to the Canada Revenue Agency, as well as interest on the outstanding balance. The government charges five per cent of the balance owed, plus an addition one per cent for every month the return is late (to a maximum of 12 months).

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