OTTAWA, April 26, 2019 /CNW/ - As a self-employed person, you and your spouse or common-law partner have until midnight on June 15, 2019, to file your 2018 income tax and benefit returns. Since June 15, 2019 is a Saturday, we will consider that you filed your return on time if we receive it, or it is postmarked, no later than June 17, 2019.
However, if you have a balance owing to the Canada Revenue Agency (CRA), you must pay it by April 30, 2019.
If you have an amount owing and the CRA receives your return after the deadline, the CRA may charge you a late-filing penalty.
There are many ways you can make a payment to the CRA:
- using your financial institution's telephone or online banking service
- using the CRA's pre-authorized debit service offered through My Account and MyCRA, which lets you:
- set up a payment from your bank account to the CRA on a pre-set date
- pay an overdue amount or make instalment payments
- through the CRA's My Payment service, which lets you make payments online. You can use this service if you have Visa® Debit, Debit MasterCard® or Interac® Online at a participating financial institution.
- by credit card, PayPal or Interac e-Transfer through a third-party service provider
- in person at any Canada Post outlet using cash or a debit card with a QR code you can generate using MyCRA.
Important facts
- You have to report your income from any business you run yourself or with a partner.
- If you own a business or carry out a commercial activity, keep complete and detailed records. Your records must have enough information to calculate the tax you owe and to support any deduction or credit you claim. They also must be supported by original documents.
- Keep your supporting documents for six years. Generally, you must keep all required records and supporting documents for six years. Even if you don't have to attach certain supporting documents to your return or you are filing your return online, keep them in case the CRA reviews your return. The CRA may ask you to prove your claims for deductions or credits with documents like cancelled cheques or bank statements.
- If you earn income that has no tax withheld or does not have enough tax withheld during the year, you may have to pay tax by instalments. This may happen if you have rental, investment, or self-employment income, if you receive certain pension payments, or if you have income from more than one job.
Go to Canada.ca for more tips on getting ready to file your 2018 return.
Stay connected
To receive updates when new information is added to our website, you can:
- Follow the CRA on Facebook
- Follow the CRA on Twitter – @CanRevAgency
- Follow the CRA on LinkedIn
- Subscribe to a CRA electronic mailing list
- Add our RSS feeds to your feed reader
- You can also watch our tax-related videos on YouTube
More information
CRA media contact list
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Most Canadian income tax and benefit returns for 2018 are due on April 30, 2019. However, if you or your spouse or common-law partner are self-employed, you have until June 15, 2019, to file your return. But if you have a balance owing to the CRA, you must pay it by April 30. |
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#ConseilFiscal La date limite pour envoyer la plupart des déclarations canadiennes de revenus et de prestations de 2018 est le 30 avril 2019. Si vous ou votre époux ou conjoint de fait êtes travailleur indépendant, vous avez jusqu'au 15 juin 2019. Mais si vous avez un solde dû à l'ARC, vous devez le payer au plus tard le 30 avril.
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Are you self-employed? It's spring, and that means the deadline to file your 2018 tax return is coming up. Make sure you're ready by reading up on important deadlines, payment options, and helpful services: |
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#ConseilFiscal C'est le printemps, ce qui signifie que la date limite pour produire votre déclaration de revenus de 2018 approche. Assurez-vous d'être prêt en prenant connaissance des échéances importantes, des options de paiement et des services utiles : |
SOURCE Canada Revenue Agency
Media Relations, Canada Revenue Agency, 613-948-8366, [email protected]
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