Paying your 2014 taxes owing

File by May 5 and incur no penalties or interest

On April 24, the CRA issued a communication to some Canadians that referred to an incorrect filing deadline for 2014 income tax and benefit returns of May 5, 2015, rather than April 30, 2015.

The CRA takes full responsibility for the error and our first priority is to ensure that no Canadian is negatively affected.

As a result, and at Minister Findlay's request, 2014 income tax and benefit returns filed by midnight on May 5, 2015, will not incur interest or penalties.

The CRA sincerely regrets and apologizes for any confusion this may have caused.

When completing your return, you may calculate a balance owing on line 485. Generally, if this amount is $2 or less for 2014, you do not have to make a payment.

If you owe tax for 2014, and you file your 2014 return after the filing due date, we will charge a late-filing penalty.

We will start charging compound daily interest on any outstanding balance for 2014 starting after the filing due date.

For information about your account balance and payments, see My Account.

Note

If you filed your return and have received your notice of assessment showing a balance owing, see Paying arrears.

Payment methods

You can make your payment in several ways. See Make a payment.

Important dates

  • You can pay outstanding balance before you file your return. If you do, specify the year to which you want the payment applied. When you complete your return, claim this amount on line 476. As long as you file your return by the filing due date, we will not charge you interest or a late-filing penalty.
  • You can file your return before the filing due date and make a post-dated payment. As long as you file your return and pay your balance due by the filing due date, we will not charge interest on your balance owing.
  • Set up your pre-authorized debit before April 22, 2015, to avoid penalties and interest charges.

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