For most Canadians, the last date to file 2024 personal income tax returns in 2025 is April 30, 2025. This is also the deadline to pay any balance owing to avoid interest and penalties. Self-employed individuals have until June 16, 2025, to file, but must still pay any taxes owed by April 30, 2025.
For most people, the 2025 return has to be filed on or before April 30, 2026, and payment is due April 30, 2026.
Taxpayers have until Wednesday, April 15, 2026, to file their 2025 tax returns and pay any tax due.
The extension of the due date for filing Income Tax Returns for FY 2024–25 (AY 2025–26) to 15 September 2025 provides additional time for taxpayers to complete their compliance obligations.
You might have to pay IRS penalties and interest if you file your federal income tax return after the April deadline, your due date isn't extended, and you end up with a tax bill. First, the IRS charges a 5% penalty per month on any tax due if your return is filed late. The penalty is capped at 25% of the tax owed.
(1) You can still file a belated return for the relevant previous year. The deadline for filing a belated return is December 31 of the assessment year concerned. For example, let's say you did not file your Income Tax Returns for the financial year 2022-23.
Introduction of the “middle-class tax cut”
(In 2025, the lowest bracket applies to your first $57,375 of income.) Because this tax change happened mid-year, the effective tax rate in 2025 for the lowest income bracket is 14.5%. The full-year rate for 2026 onward will be 14%.
If you file your return late, a penalty applies. The penalty is 5% of the unpaid tax that is due on the filing deadline, plus 1% of this unpaid tax for each complete month that the return is late, up to a maximum of 12 months.
If you receive income from sources such as a pension plan, certain annuities, a registered retirement income fund (RRIF) or other locked- in registered retirement income funds, you may be able to claim a tax credit on amount up to $2,000 of that income.
Most taxpayers who requested an extension to file their 2024 tax return must file by Wednesday, Oct. 15, to avoid a penalty for filing late. The IRS encourages taxpayers to opt for the fastest and safest option which is to e-file and choose direct deposit for their tax refund.
Most taxpayers will do anything they can to avoid tax audits. Filling out an accurate tax return is the best way to avoid an audit. Additionally, you should ensure you double-check your math and only claim legitimate tax deductions.
April 15, 2026, is the deadline for 2025 tax returns for individuals. The due date for filing your federal income tax return is typically April 15 if you're a calendar year filer, unless this day falls on a weekend or holiday, in which case the deadline is moved to the next business day.
Financial setbacks, confusion about the process, or simply losing track of time can lead to missed tax filings. If you haven't filed your Canadian taxes for three years, you could face financial and legal consequences.
If you file your tax return after the due date and have a balance owing, you will be charged a late-filing penalty. Filing late may also cause delays to your benefit and credit payments. If you cannot pay your balance owing, you should still file on time to avoid being charged the late-filing penalty.
It is relatively rare for a Canadian to be convicted of tax evasion but it does happen. Some Statistics: Between 2019 and 2024 there were 135 convictions with a total of $25.1 million in fines imposed: 58 individuals received jail time totalling 108 years.
If you don't owe any taxes or if you're owed a refund, there's no penalty for not filing your tax return. But you won't receive your refund until you do file. There won't be a penalty for filing late — just get your paperwork to the IRS so they can process your taxes and issue the refund.
Tax filing deadline this year is Wednesday, April 30, 2025. Basic personal amount (BPA) for 2025 is $16,129. Tax credits and deductions — claim everything you're eligible for. File taxes on time to avoid penalties and report all income, including side gigs.
Here are 10 of the most notable changes for individual filers:
Income tax return last date for FY 2024-2025 (AY 2025-26) The last date for filing income tax returns for FY 2024-25 (AY 2025-26) is extended to 16 September 2025 from 15 September 2025 for regular taxpayers (such as salaried individuals and those not requiring an audit).
Those who missed the deadline to file but owe taxes should file timely to avoid penalties and interest. Requesting an extension allows for additional time to file but not to pay taxes owed. Individuals who owe taxes should file their tax return and pay as soon as they can.
The deadline to file federal income tax returns this year — to report income earned in 2025 — is April 15, 2026. If you file an extension, you have until Oct. 15 to file your federal tax return.