In Canada, filing deadlines and payment deadlines are two separate things. Typically, the CRA wants the payment to be done well before the tax filing is due.

For example, for most Canadian small businesses, the payment is due 3 months after your year end, while the filing due date is 6 months after year end.

This year, there have been many extensions due to Covid19, and many of the due dates are coming up.

If you’re unsure about any of the deadlines and want to know more email me at connect@measuredgrowthcpa.com

– Daniel Breez