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June 9, 2005

CRA Tax Tip: self-employed filing deadline

The Canada Revenue Agency has released a reminder to self-employed individuals regarding the June 15, 2005 tax filing deadline:

"If you or your spouse or common-law partner operated a business in 2004, you have until midnight on June 15, 2005 to file your income tax return. If you had a balance owing for 2004, it had to have been paid on or before May 2, 2005 to avoid interest. A late-filing penalty on amounts owing will apply to returns received or postmarked after June 15, 2005. You have the choice of filing either electronically or on paper."

For more information, see the CRA web site at:
http://www.cra-arc.gc.ca/newsroom/taxtips/2005/tt050609-e.html

Posted by Taxes.ca Editorial Team [permalink]

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