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Self-Employed Tax Return Deadline is June 15

Jun 12, 2017 12:57:49 PM Sheri MacMillan Tax Planning

Self-Employed Tax Return Deadline is June 15If you are self-employed, or have a spouse or common law partner who is self-employed, the last day to file your 2016 income tax return is June 15, 2017
 
If you file your taxes by this date, you will not be subject to the late-filing penalty. 
 
However, if you have not yet paid your balance owing to the Canada Revenue Agency (CRA) you may be incurring interest on the amount due, as the due date for all taxpayer’s balances owing was May 1, 2017. 
 
Please note that the balance owing due date is usually April 30 of any given year, unless April 30 falls on a weekend (as it did in 2017). In that case, the following Mondaybecomes the official due date for balances owing. 
 
If you still have a balance owing, there are multiple ways to pay the balance. You can pay through:
 
1.     Your financial institution’s telephone banking services
2.     Your financial institution’s online banking services
3.     CRAs My Account pre-authorized debit service 
4.     CRAs My Payment service
 
If you have any questions about filing your return or using a payment option, please feel free to contact us
 
Register For A Complimentary Consultation
 

At MacMillan Estate Planning, our team of professional trust and estate practitioners, chartered accountants, financial planners, and legal professionals look forward to assisting you with the design of your estate plan and will ensure you build, protect, and enjoy your wealth. The information provided is general and may not be suited to your objectives or sufficient to ensure the protection of you and your family. You should not act on this information without providing MacMillan Estate Planning with the opportunity to ensure that it is suitable for your unique situation.


Sheri MacMillan

Written by Sheri MacMillan

Sheri MacMillan is the Founder & President of MacMillan Estate Planning Corp, Canada’s elite estate planning firm and is a highly respected industry leader

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