How late can I file my taxes in Canada? [Video]

For most Canadians, the clock is ticking ahead of the deadline to file a 2023 income tax return.

The Canadian Revenue Agency (CRA) will consider a return to be filed on time if it’s submitted on or before April 30. It’s also the last day to pay any outstanding balance to the CRA to avoid owing interest.

“It’s definitely not something you want to be late on,” Douglas Hoyes, a personal finance expert, told CTV News Channel on Monday. “Get them filed so at least you’re not getting hit with penalties.”

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Not filing your taxes on time can lead to a “double whammy,” says Hoyes, who warns that not only can you be hit by stiff penalties, you can also lose out on benefits – like the Canada Carbon Rebate (CCR) and the Canada Child Benefit (CCB).

“Any kind …