The Plain English interpretation is that you more or less have until midnight (assume Eastern Time), May 5 to file your taxes in 2015. Exceptions to this (and this is where it gets muddy), include:
- Records returned for correction, in which case you have 21 fewer hours (due at 3 a.m. on May 5).
- E-files that were rejected and you have to send in paper, in which case you have April 30.
- Self-employeds have until their regular June 15 (midnight, Eastern Time).
[sam id=”11″ codes=”true”]Anyone who owes money needs to pay by midnight, April 30. So while the filing date has been extended by a long weekend that doesn’t exist, you still have to pay by the old date. And really, you generally don’t know what to pay until you file.
You shouldn’t have to be a tax lawyer to interpret CRA communications, but, it seems, it would help.
– Britt Santowski
The following is from the CRA website:
News and Program Updates
April 27, 2015
Please ignore the April 24th message related to this topic.
All income tax and benefit returns transmitted electronically up until midnight, Eastern Time, on Thursday April 30, 2015, will be considered as filed on time. For records that are returned for correction, you will have until until 3:00 a.m., Eastern Time, on Tuesday May 5, 2015 to correct and retransmit electronically. Records that are re-transmitted and accepted on or before Tuesday May 5, 2015, will be considered as filed on time.
If you receive a reject error clue indicating that you should file a paper return, and you file the paper return after April 30, 2015, a late filing penalty may be assessed. You should therefore file the paper return as soon as possible. Any enquiries requesting relief from the late-filing penalty should be directed to the applicable intake centre for consideration. You will also be required to send a copy of the non-accepted records list.
Clients who have self-employment income, and their spouses or common-law partners, have until midnight, Eastern Time, on Monday June 15, 2015, to file their income tax and benefit returns electronically.
Anyone who has a balance owing for 2014 should remember that it must be paid on or before April 30th, 2015.
NOTE: If you are an Efiler acting as a transmitter on behalf of a preparer, please communicate this message to the preparer.