If you’re self-employed, tax season can feel overwhelming, but the Canada Revenue Agency (CRA) is here to help you! Whether you’re a sole proprietor, freelancer, or running a small business, understanding your tax obligations is key to staying on track. Here’s what you need to know:
Filing and payment deadlines for self-employed individuals
If you are self-employed, or your spouse or common-law partner is self-employed, you have until June 15, 2025, to file your 2024 income tax and benefit return. Since June 15 falls on a Sunday, your return will be considered on time if the CRA receives it by June 16, 2025.
Even though you have until June 15th to file, any balance owing was still due by April 30, 2025. If you still have not paid your taxes, the CRA can work with you on a payment arrangement or a pre-authorized debit (PAD) agreement. The Payment Arrangement Calculator in your CRA account allows you to submit a request without having to contact the CRA. If your proposed payment plan doesn’t meet CRA policy, a CRA officer will reach out to help you set up an acceptable arrangement
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Information source from Canada Revenue Agency (CRA)
