CRA Tax Tip – If you’re self-employed, we understand that navigating your tax obligations may seem complicated. But don’t worry! The Canada Revenue Agency (CRA) is focused on supporting you. To get ready for tax-filing season, we’ve put together helpful tips and information for self-employed individuals.
The 2022 tax-filing deadline for self-employed individuals is June 15, 2023
We encourage Canadians to file their taxes as soon as possible, not only this year but every year. You have until June 15, 2023, to file your 2022 tax return if you or your spouse or common-law partner are self-employed.
The 2022 payment deadline is April 30, 2023
Although your 2022 tax-filing deadline is June 15, 2023, your payment is still due on April 30, 2023. Since April 30, 2023, falls on a Sunday, your payment will be considered paid on time if we receive it, or it is processed at a Canadian financial institution, on or before May 1, 2023.
Don’t risk having your benefits interrupted by not filing. If you cannot pay your balance owing, we can work with you on a payment agreement. Payment agreement options have been expanded to reflect current realities. The Payment Arrangement Calculator has also been added to My Account and My Business Account. This self-service tool allows you to submit a payment agreement without having to contact the CRA. If the proposed payment agreement does not meet the CRA payment policy, a CRA officer will contact you to complete an acceptable arrangement.
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