The tax deadline for self-employed Canadians is days away. What to know – National [Video]

The tax filing deadline for most Canadians this year was April 30, but there is still a bit more time given to individuals who are self-employed or have a spouse or common-law partner who is self-employed.

But the clock is ticking with just days to go, and it is critical to make sure that returns are filed on time and accurately, experts say.

“They get a bit of extra time (compared with individuals filing in April) just because it’s a little more involved preparing these returns … to calculate business income and do all the accounting,” says Ryan Minor, director of tax at Chartered Professional Accountants of Canada.

“The final payment is still due April 30. So in April, they should estimate the amount of taxes that are owing and send it in, even though the returns are due a little bit later.”

This means that although there are still …