Thank you for choosing TurboTax. The federal government has not extended the tax filing deadline this year.
For self-employed individuals and their partners, the filing deadline remains June 15, and amounts owing were due on April 30.
As per the CRA website, the CRA intends to charge taxpayers a late-filing penalty if they file their 2020 tax return after April 30, 2021, and there is unpaid tax at that time. The penalty is five percent of the balance owing for 2020, plus one percent of the balance owing for each full month the return was filed after April 30, 2021, to a maximum of 12 months.
For more information please check: Income tax filing & payment deadlines for the 2020 tax year.
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