If you OR your partner are self-employed, you haven't missed the tax deadline yet!
On Thursday, June 3, the CRA released a tax tip that gave us the scoop about doing taxes in Canada if you're self-employed.
While the regular tax deadline passed at the end of April, the deadline for self-employed Canadians isn't until June 15.
In fact, that extends to people who are common-law partners or spouses of self-employed individuals, too.
In order to find out if this deadline applies to you, it's important to gain an understanding of who is considered self-employed in the country.
Here's who qualifies
- People who do a trade, business, or profession as a sole proprietor or an independent contractor
- People who are members of a partnership that does a trade or business
- People who are in business for themselves, part-time or full-time
- People who work in the platform economy "which includes economic and social activities facilitated by the use of technologies such as the Internet and mobile applications"
No matter how you make your money in Canada, the CRA says that you need to pay up or you could be looking at penalties.