Canada CRA Canada

Canada’s tax deadline has arrived. What happens if you file late?

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globalnews.ca

May 1, 2023, marks the deadline for the 2022 tax year, as the end of April fell on a weekend this year. Though Canada Revenue Agency (CRA) workers remain on strike Monday, the work stoppage has not affected deadlines for filing your taxes.

If you’re reading this on Monday and haven’t filed your income taxes yet — you’ve still got time! But if you’re not able to get your taxes before that deadline, you might not face any immediate impacts.

Small business owners, the self-employed and their spouses, for instance, have until June 15 to file their taxes for the previous year.

The one caveat here is that for those who are self-employed but owe money to the CRA, they still must pay by the May 1 deadline.

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