Only 5 Days Left: Canadian Tax Filing Deadline is April 30, 2025!
- Angy Del Carpio
- Apr 25
- 2 min read
At DCP Accounting & Consulting Services, we’re here to make sure you don’t miss a beat when it comes to your taxes. With just a few days left until the April 30, 2025 deadline, now is the time to get your documents in order and file your 2024 tax return.
🗓 Key Deadlines to Know
April 30, 2025:Final day to file your personal income tax return and pay any balance owing to avoid penalties and interest.
June 16, 2025 (self-employed):If you're self-employed or your spouse/common-law partner is, your filing deadline is extended—but any balance owing is still due April 30.
⚠️ What Happens If You File Late?
Penalties: If you owe money and file after the deadline, the CRA charges 5% of your balance, plus 1% for each full month your return is late (up to 12 months). Repeat offenders can face even steeper penalties.
Interest: Starting May 1, 2025, the CRA will begin charging 8% interest (compounded daily) on unpaid taxes and penalties.
Delayed Benefits: Filing late could delay your GST/HST credit, Canada Child Benefit, or Carbon Rebate.
✅ Don’t Leave It to the Last Minute
To avoid the stress and financial consequences of late filing:
Gather all tax slips and receipts now.
Use certified software or consult with a tax professional.
If you're unsure, let our experts handle it for you.
📞 Need Help? We’ve Got You Covered
Whether you're filing personal taxes, self-employed, or managing multiple income streams, DCP Accounting is here to support you. Our team can guide you every step of the way—maximizing deductions, ensuring compliance, and giving you peace of mind.
📍 Book your appointment now
📞 Call us at 905-516-0170
Commenti