Important Tax Deadlines and Dates. Top 8 Year-End Tax Tips. Estimate your tax refund and where you stand Get started. Easily calculate your tax rate to make smart financial decisions Get started.
Know how much to withhold from your paycheck to get a bigger refund Get started. Estimate your self-employment tax and eliminate any surprises Get started. Know which dependents credits and deductions you can claim Get started. Know what tax documents you'll need upfront Get started. See which education credits and deductions you qualify for Get started. See how much your charitable donations are worth Get started. The above article is intended to provide generalized financial information designed to educate a broad segment of the public; it does not give personalized tax, investment, legal, or other business and professional advice.
Skip To Main Content. OVERVIEW Make sure your calendar is up-to-date with these important deadlines, dates, possible extensions and other factors in play for both individuals and businesses in When are taxes due? Important Tax Deadlines and Dates January 15, 4th-quarter estimated tax payment due If you're self-employed or have other fourth-quarter income that requires you to pay quarterly estimated taxes, get them postmarked by January 15, April 18, 1st-quarter estimated tax payment due If you're self-employed or have other income that requires you to pay quarterly estimated taxes, get your Form ES postmarked by this date.
April 18, Individual tax returns due for tax year The due date for filing tax returns and making tax payments is April 18, If you haven't applied for an extension, e-file or postmark your individual tax returns by midnight.
June 15, 2nd-quarter estimated tax payment due If you're self-employed or have other income that requires you to pay quarterly estimated taxes, make sure your payment is postmarked by this date. September 15, 3rd-quarter estimated tax payment due If you're self-employed or have other income that requires you to pay quarterly estimated taxes, make sure your third-quarter payment is postmarked by September 15, October 17, Extended individual tax returns due If you got a filing extension on your tax return, you need to complete it and e-file or have it postmarked by October 17, January 15, 4th-quarter estimated tax payment due If you're self-employed or have other income that requires you to pay quarterly estimated taxes, get them postmarked by January 15, If you miss the tax filing deadline and are owed a refund If you overpaid for the tax year, there's typically no penalty for filing your tax return late.
If you miss the tax filing deadline and owe tax When you miss a tax filing deadline and owe money to the IRS, you should file your tax return as soon as possible. If you miss an estimated tax payment deadline If you miss an estimated tax payment , make your payment as soon as you can. What if I owe more than I can pay?
What's the fastest way to file my tax return? The fastest way to file your tax return is to file electronically. What if I need more time? Natural disasters If you need more time because you live in an area hit by a natural disaster, you might qualify for tax relief from the IRS. What if I made a mistake and need to refile my taxes? TurboTax has you covered Many taxpayers scramble to figure out when are taxes due every year, but you can be confident that TurboTax is ready to help you file whenever you're ready.
All you need to know is yourself Answer simple questions about your life and TurboTax Free Edition will take care of the rest. My general advice is that if you are in doubt, start with the free version and only upgrade if required. TurboTax is the most popular online tax return software in Canada. While TurboTax offers free, standard, premium, and self-employed versions of their software, the free version covers all the main bases and is recommended for simple tax returns.
The free version does not offer phone support with one of their tax specialists, however, you can find answers to your question using their free online community. If you need to use a paid version of TurboTax e. Read our complete TurboTax review. SimpleTax was founded in and was recently acquired by the popular robo-advisor, Wealthsimple. WealthsimpleTax currently offers only one main product i. What you pay is totally up to you.
You can learn more about the platform in this WealthsimpleTax review. File your taxes with Wealthsimple Tax. Alternatively, if you want audit protection, priority support, and the ability to store your return online for 7 years, the Protection service works great.
They also have a Windows version that requires you to download and install the program on your computer. This free service is offered through its partnership with the Canadian Federation of Students. If you are looking to complete a simple non-business tax return, you can do so using CloudTax. It is free to use and handles most tax scenarios. They request a voluntary donation to support the company. Limited customer service is available through email and you can prepare up to 20 tax returns every year.
AdvTax is provided by Aclasssoft Inc. The tax return software is available using your smartphone, tablet, or computer.
The program supports multiple languages including English, French, and Chinese. StudioTax is a tax program that is available on Windows and Mac. A majority of Canadians can generally file their tax returns electronically. The benefits of filing your taxes online as opposed to completing the paper forms and mailing to CRA are:.
Faster Refunds : Electronic submissions result in faster refunds…often in as few as 8 business days. They also keep your previous tax returns on file for several years, making it easy to retrieve them if needed.
Cheaper : Compared to the cost of an accountant helping you out, online tax software can be free or much cheaper. For the tax-filing season income tax year , we recommend going with TurboTax. Sign up now to join thousands of other visitors who receive our bi-weekly newsletter and latest personal finance tips.
Enoch Omololu is a personal finance expert and a veterinarian. He also has an MSc. Enoch has a passion for helping others win with their personal finances and has been writing about money matters for over a decade.
His top investment tools include Wealthsimple and Questrade. Another great tax package is Tax Freeway. One of the best for value and also I find it so easy to use. TurboTax is a user-friendly Canadian tax software program that lets you prepare your File taxes online easily and quickly.
You may be able to access tax credits and benefits, like sales tax credits or support for child care. Learn about your tax obligations and whether you need to file a tax return. After the CRA processes your tax return, you will receive a notice of assessment. The notice of assessment will tell you if you:. To access tax credits and benefits when filing a paper tax return, complete and submit these three forms with your tax return:.
Learn about the types of income you must report on a personal income tax return if you are self-employed, an unincorporated business or in a partnership. Tax literacy is about understanding your tax responsibilities and the resources available to support you.
The tools below can help you learn more about the personal income tax system and how taxes affect your budget. To have a better experience, you need to: Go to your browser's settings Enable JavaScript. Home Taxes and benefits. Filing your tax return What you need to know about filing your personal income tax and benefit return.
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