The individual tax deadline is April 30, 2025 and the self-employed tax deadline is June 16, 2025. (It’s usually June 15, but in 2025, that falls on a Sunday.) Businesses must file their taxes within 6 months after their fiscal year ends.
The tax deadlines in Canada are the last days you can file your 2024 taxes. Missing the deadline means you could be charged a penalty and interest if you owe money.
But don’t worry, we’re about to cover all of the information you need to remember when getting ready to file before the tax deadline this year.
Key Takeaways
- The personal income tax deadline for the 2024 tax year is April 30, 2025.
- Self-employed individuals must file their taxes by June 16, 2026 and pay any tax owing by April 30, 2025.
- Businesses are required to file taxes 6 months after the end of their fiscal year.
- You can file your taxes using free or paid software, an accountant or tax professional, or by paper.
- If you file your taxes late, you could be charged a penalty and interest on any late payments.
Canada tax deadlines 2025
Every year you can count on one thing – April 30th is the deadline for filing your taxes. If it falls on a weekend, the deadline is the following business day. In 2025, April 30th falls on a Wednesday.
So whether you’re filing a personal tax return, are self-employed, or are running your own business, we have the dates you need right here:
| Type of Tax | Tax Deadline |
|---|---|
| Individual/Personal | April 30, 2025 |
| Self-Employed | June 16, 2025 |
| Business | 6 months after fiscal year-end |
| GST/HST – for self-employed or business reporting | The GST/HST filing deadlines depend on your reporting period: * Monthly or quarterly reporting: File 1 month after the end of the reporting period * Annually (except Dec 31 fiscal year-end): 3 months after fiscal year-end * Annually (with Dec 31 fiscal year end): June 16, 2025 |
Individual tax deadline
If you’re an individual filing taxes, then you have to file your taxes by April 30, 2025.
Unless you’re self-employed or filing for a business, you should file an individual tax return. And for most of us, these are relatively simple.
In most cases, you can file your own individual tax return with the forms provided or with some tax software, either paid or free.
There are some cases where filing can be complicated, though – like if you have complex investments or are filing for someone who is deceased. In that case, it may be best to consult a tax professional.
Self-employed tax deadline
As stated above, the tax deadline for self-employed individuals is June 16, 2025. The deadline is normally June 15, but since it falls on Sunday this year, your deadline becomes the next business day – in this case, Monday, June 16.
The tax deadline is different for self-employed individuals because they are their own business, so they follow the tax regulations for corporations. Businesses have a filing deadline of 6 months after their fiscal year. And since most people who are self-employed use the calendar year as their fiscal year, June 15th is the deadline.
It’s important to note that even though the self-employed have a tax deadline of June 15th, the deadline for paying taxes is still April 30, 2024.
Business tax deadline
Business deadlines, as mentioned above, depend on the details of the fiscal year. Corporate taxes are due 6 months after the fiscal year-end, so the specific date depends on what the company determines as their "financial year."
When your fiscal year ends on the last day of a month – say, May 31st – then your return is due on the last day of the month, 6 months after that – November 30th.
GST and HST filing deadline
If you’re a self-employed person or business who regularly files for GST and HST, you have a few options for how often these can be submitted:
- Monthly
- Quarterly
- Annually
And the deadlines differ depending on your situation. Below, you’ll see examples for each scenario:
| Reporting Period | Filing Deadline | Payment Deadline |
|---|---|---|
| Monthly / Quarterly: Ends July 31st | August 31 | August 31 |
| Annually: August 31 | November 30 | November 30 |
| Annually with Dec 31 year-end | June 15 | April 30 |
Other important tax-related dates
But tax deadlines aren’t the only important dates to know. There are a bunch of other dates to keep in mind, particularly if you’re keen to get a refund.
Here are the dates to know for the 2024 tax year:
- First day to file taxes: February 17, 2025
- Deadline for employers issuing T4s: February 28, 2025
- Deadline for RRSP contributions: March 3, 2025
- First and last day of the tax year: January 1 and December 31 (different for businesses).
What happens if you miss the tax deadline?
Missing the tax deadline is a serious offense. You might not receive credits or benefits you would otherwise receive, like the GST/HST credit, CCB, and OAS benefit. And you could end up being charged sizable penalties – especially if you owe money for taxes.
The first time your taxes are late, you’ll be charged 5% of the amount you owe, plus an extra 1% every month until your taxes are received, up to 12 months. If you’ve filed late before, you’ll be penalized 10% of what you owe, plus an additional 2% a month until your taxes are received, up to 20 months.
But even if you’re late, don’t skip filing to avoid these penalties. You can still file after the deadline, and failing to file at all could mean you don’t get benefits or credits you might otherwise be entitled to throughout the next year.
FAQ
When can I file my taxes for 2024?
The earliest date you can file your taxes is on February 17, 2025. This is the day NETFILE opens for Canadians. The official tax deadline is on April 30, 2025.
What is the 2025 tax filing deadline in Canada?
April 30, 2025 is the tax deadline for 2024 individual tax returns. The deadline for self-employed individuals is June 16, 2025 and businesses must have their taxes done 6 months after their fiscal year-end.
What happens if you file your taxes late?
There are some penalties for missing the tax deadline. Your return needs to be postmarked before the deadline or you’ll receive a penalty of 5% of what you owe, plus 1% interest for each month you’re late after that.
Leave a comment
Comments