TAX TIP June 15, 2023, is the Deadline for Self-Employed Individuals to File Their 2022 Income Tax and Benefit Return
Tuesday, 13 June 2023 02:46.PM
The Canada Revenue Agency (CRA) is here to support you and your business in meeting your tax obligations.
If you are a self-employed individual, or if your spouse or common-law partner is self-employed, you have until June 15, 2023, to file your 2022 income tax and benefit return.
In light of the recent forest fires and other climate issues, here is a special note on requesting taxpayer relief after an adverse weather event:
• Many individuals, businesses and first responders may be unable to meet their tax obligations as usual, due to circumstances beyond their control. In such cases, taxpayers can submit a request for relief of penalty and interest charged to their accounts. We will consider each request based on the specific circumstances for that request
• Note that even if you submit this request, the deadline for filing does not change
Protecting books and records:
• We recommend protecting your records against weather-related events with the following steps:
• Take extra precautions when storing your books and records if you live in an area prone to wildfires or floods
• Keep a back-up of your electronic records in a secure off-site location as an added precaution
• Register for direct deposit to avoid missing payments in the mail
• In the unfortunate situation that your books and records have been destroyed as a result of an adverse event, please call us at 1–800–959–8281 for individual enquiries, 1–800–959–5525 for business enquiries, or 1–800–267–2384 for registered charities enquiries
What are my tax obligations as a self-employed individual?
If you earned self-employment income from a business that you operate yourself or with a partner, you have to report that income by filing a tax return.
When you're self-employed and you operate your business, you must pay the following:
• personal income tax (if you are an Indigenous business owner you can find information on the tax benefits and requirements that apply to you at the Information of the tax exemption under Section 87 of the Indian Act)
• Canada Pension Plan contributions
• Employment Insurance premiums if you are eligible and have registered to participate
Don't forget to register for a GST/HST account if you make more than $30,000 a year in revenues and you will want to make sure that you file your GST/HST returns on time to avoid any penalties or interest.
Reporting your income also means that we will have the most accurate information on file to determine if you are eligible for provincial and territorial tax credits and benefits, the GST/HST credit and the Canada child benefit. Filing your return will help ensure you receive any benefits you may be entitled to, and that those you already receive are not interrupted.
Payments
Although your tax-filing deadline is June 15, 2023, your payment was due on April 30, 2023. Since April 30, 2023, fell on a Sunday, your payment was considered paid on time if we received it, or it was processed at a Canadian financial institution, on or before May 1, 2023.
If you still have not paid your taxes, we encourage you to do so as soon as you can to avoid additional interest charges on your balance owing. You can pay online in many ways:
• through your financial institution's online banking, mobile app or telephone banking service
• using the My Payment. This service lets you make payments to the CRA with your Visa® Debit, Debit MasterCard®, or Interac® Online card from a participating financial institution. You can also access My Payment on My Account or the MyCRA mobile web app
• Using My Account or the MyCRA mobile web app to:
• set up a pre-authorized debit agreement from your Canadian chequing account
• pay an amount due or make instalment payments
• by credit card or debit, PayPal, or Interac e-Transfer, through a third-party service provider for a fee
You can also make payments in person. Options include paying:
• at a Canadian financial institution with a remittance voucher. You can order personalized remittance vouchers and in some cases print your own. See Order remittance vouchers or payment forms
• at any Canada Post outlet using cash or a debit card for a fee. To do so, you will need a remittance voucher with a QR code. If you do not have a remittance voucher with a QR code, you can create a QR code using My Account or the MyCRA mobile web app
For more information and other payment options, go to Canada.ca/payments.
If you cannot pay your balance owing, we can work with you on a payment arrangement. Payment arrangement options have been expanded to reflect current realities. The Payment Arrangement Calculator has also been added to My Account and My Business Account. This self-service tool allows you to submit a potential payment arrangement without having to contact us. If the proposed payment arrangement does not meet our policy, a CRA officer will reach out to complete the arrangement.
Liaison Officer service
We offer a free Liaison Officer service to owners of small businesses and self-employed individuals to help you understand your business tax obligations. A visit from a Liaison Officer is 100% confidential; the information you choose to discuss with a Liaison Officer will not be shared with other areas of the Agency, or anyone else.
You can request a visit by phone or videoconference.
The Gig Economy
The gig economy is based on temporary and freelance work, or short-term contracts. As a gig worker, your contract services may range from a small task to a highly specialized service. If you are connecting with clients through online platforms or applications (apps) such as Clickworker, Crowdsource, Fiverr, UberEats or Skip the Dishes to provide them with your services, you are typically considered to be self-employed instead of an employee for tax purposes. Your work may be carried out anywhere, as online platforms can connect businesses and independent contractors from all over the world.
You can find more information about filing taxes as a gig worker in our gig economy tax tip.
You can find even more information on this topic at Taxes and the platform economy.
Filing your tax return electronically
If you choose to file electronically on your own, there are a variety of NETFILE-certified software products that meet your needs. Some of the software products are free.
For the 2022 tax year, prior to filing your tax return electronically with NETFILE, you will be asked to enter an Access code after your name, date of birth, and social insurance number. This unique code can be found to the right, beneath the notice details box on the first page of your previous notice of assessment (NOA). If you are registered for My Account, you can use Auto-fill my return in certified tax software to automatically fill in parts of your income tax and benefit return with information that we have available at the time of the request, including your NETFILE access code. Your access code will let you use information from your 2022 tax return when confirming your identity with us. Your access code isn't mandatory when filing your 2022 tax return, but without it you'll have to rely on other information for authentication purposes.
Online services for businesses and self-employed individuals
We have easy-to-use digital services for businesses and self-employed individuals. You can use these services to file, make payments, and get detailed information about your account.
Keep receipts and documents
It is important to keep complete records of the money you make and spend. Your records must give enough detail to determine the tax you owe and support any deductions or credits you are claiming. You need to keep all supporting documents as part of your records.
Sometimes, we review returns to make sure that income, deductions, and credits are properly reported. If we review your return, having your receipts and records on hand will make it easier for you to support your claims.
More help for your business
The Canada Business App simplifies access to government services for small and medium-sized enterprises in Canada. Designed with business owners in mind, the app puts government programs and services at your fingertips. Download it from the App Store or Google Play.
More filing tips
For more tips and helpful information, check out our tax tips for self-employed individuals.
SOURCE: Canada Revenue Agency
-
Related materials:
- 19-Nov-2024 02:30 PM 📒🇨🇦🍁 Businesses, Are You Ready For Your CRA Mail To Go Online? 💵
- 18-Sep-2024 10:23 AM 📒🇨🇦🍁 Using an App or Website to Earn Income? Here's What You Need to Know About the Reporting Rules for Digital Platform Operators 💵
- 16-Sep-2024 12:00 PM 📒🇨🇦🍁 Making Changes to Your Business? The Canada Revenue Agency is Here to Help! 💵
- 18-Jul-2024 04:58 PM 🍁🏙️💵 City Of Toronto's Tax & Utility Relief Programs Provide Support for Low-Income Seniors and Low-Income People Living with Disabilities
- 21-Jun-2024 06:40 PM 📒🇨🇦🍁 Budget 2024 Government of Canada Launches the First Clean Economy Investment Tax Credits 💚💵
- 16-Jun-2024 10:27 AM 📒🇨🇦🍁 You've Got Questions and We've Got Answers! Here are Answers To Seven of the Top Business Tax Information Questions
- 10-May-2024 04:33 PM 📒🇨🇦🍁 Looking for the Fastest and Easiest Way to View and Manage Your Business Taxes Online? Use Our Digital Services!
- 02-May-2024 06:23 PM 📒🇨🇦🍁 Need to Change Your Tax Return? You Can Do it Online!
- 24-Apr-2024 10:21 AM ⚕️💵🚬 Canadian Cancer Society Commends Tobacco Tax And E-Cigarette Tax Increases In Federal Budget 🚭
- 23-Apr-2024 04:28 PM 💵 New Canada Carbon Rebate Estimator Tells You How Much You May Get Back in Payments Starting April 15
- 20-Apr-2024 02:33 PM 📒🇨🇦🍁 The Canada Revenue Agency Has Options for You if You Owe Us Money or Have a Debt That We Collect for Another Government Department
- 19-Apr-2024 06:33 PM 📒🇨🇦🍁 Top 10 Tips for Your Platform Economy Tax Obligations
- 19-Apr-2024 04:24 PM 📒🇨🇦🍁 Reporting Your Capital Gains as a Crypto-Asset User
- 19-Apr-2024 02:34 PM 📒🇨🇦🍁 Are You Self-Employed? The Canada Revenue Agency Can Help You Understand Your Tax Obligations
- 18-Apr-2024 10:19 AM 📒🇨🇦🍁 NEW - Bare Trusts are Exempt from Trust Reporting Requirements for 2023
- 16-Apr-2024 02:27 PM 📒🇨🇦🍁 You Still Have Time - Last-Minute Tips to Help You File Before the Deadline!
- 01-Apr-2024 08:00 AM 💵 Keep The Cash, Care for Climate: Canada Carbon Rebates Being Paid Next Month
- 28-Mar-2024 10:33 AM 📒🇨🇦🍁 Vast Majority of Canadian Businesses Want Fast-Tracking of Clean Energy Tax Credits 🤝💰🤑
- 21-Dec-2023 02:37 PM 📒🇨🇦🍁 Businesses: Here Are the Top Changes this Year that Will Affect Business Taxes in 2024
- 19-Oct-2023 12:00 PM 📒🇨🇦🍁 Did You Know that there are Business Services that Can Make it Faster and Easier for You to Meet Your Tax Obligations?
- 14-Oct-2023 06:33 PM 📒⚠️ Warning: Watch Out for Tax Schemes Involving Multilevel Marketing Businesses!
- 20-Jul-2023 10:21 AM Taxpayers' Ombudsperson Requests That the Canada Revenue Agency Make Improvements to Respect Canadians' Right to Be Represented by a Person of Their Choice
- 05-Jul-2023 02:34 PM TAX TIP Get ready: the CRA is in its summertime benefit period!
- 19-Jun-2023 02:23 PM TAX TIP Applying for the Disability Tax Credit is Easy With Our New Digital Form
- 18-May-2023 12:00 PM ONTARIO JOBS 💵 Moving Forward with Building a Strong Ontario
- 03-Apr-2023 04:33 PM TAX TIP CRA Debt Recovery Activities May Impact Upcoming Benefit, Credit, and Refund Payments
- 27-Mar-2023 10:21 AM TAX TIP Voices Prepares Voice Actors for Tax Season With Tax Education Campaign
- 26-Mar-2023 02:23 PM TAX TIP Valuing Your Cryptocurrency
- 23-Mar-2023 10:21 AM TAX TIP The CRA Would Like to Remind You That it Has Resumed Debt Recovery Activities; Here's How it May Impact Your Benefit, Credit, and Refund Payments
- 21-Mar-2023 02:33 PM TAX TIP 💵🏠 Less Than Two Weeks to Apply For $500 One-Time Top-Up
- 21-Mar-2023 12:00 PM TAX TIP Do You Work in the Sharing Economy? Here's What You Need to Know
- 18-Mar-2023 10:15 AM TAX TIP Confirm My Representative is Now Available for Business Owners
- 14-Mar-2023 08:20 PM TAX TIP Thinking of Calling Us? Before You Do, Find The Answers You Need for Tax-Filing Season!
- 12-Mar-2023 08:29 PM TAX TIP Ready to File Your Taxes? Here's Why You Should Go Digital
- 13-Feb-2023 02:22 PM TAX TIP Were You Invited to File Your Taxes Over the Phone?
- 09-Feb-2023 08:00 AM TAX TIP Electronic Filing Of Special Elections And Returns Is Now Available
- 30-Jan-2023 06:40 PM 📒🇨🇦🍁Taxpayers' Ombudsperson Recommends Ways To Improve Communication From The Canada Revenue Agency
- 24-Jan-2023 04:18 PM TAX TIP Seniors: We've Got Tips To Help You This Tax Season!
- 19-Jan-2023 04:28 PM TAX TIP Here's what you need to know if you're filing your taxes by paper
- 16-Dec-2022 02:39 PM Budget 2021 The Government Of Canada Launches Formal Consultations To Streamline Reporting Of Payroll Information
- 04-Nov-2022 10:43 AM TAX TIP Six month doubling of GST credit payment starts November 4, 2022
- 03-Sep-2022 10:22 AM Government of Canada Strengthens Access to Sexual and Reproductive Health Services for Youth
- 25-Aug-2022 02:20 PM TAX TIP Do You Have Questions About Filing As A Business For The First Time? The CRA Is Here To Help
- 05-Aug-2022 08:00 AM TAX TIP Here Are Answers To Five Of The Top Business Tax Information Questions
- 16-Jul-2022 08:00 AM TAX TIP Do you have questions about filing as a business for the first time? The CRA is here to help
- 21-Jun-2022 11:14 AM City of Toronto issues 2022 final property tax bills
- 03-Jun-2022 08:00 AM TAX TIP June 15, 2022, is the deadline for self-employed individuals to file their 2021 income tax and benefit return
- 17-Apr-2022 08:00 AM TAX TIP Businesses: Protect yourself from scams and fraud - know what to expect from the CRA
- 15-Apr-2022 02:22 PM TAX TIP Are you self-employed? The Canada Revenue Agency can help you understand your tax obligations
- 13-Apr-2022 12:00 PM TAX TIP How to find help if you can't pay your taxes
- 01-Apr-2022 10:22 AM TAX TIP Did you buy, build, sell or renovate a home in 2021? Here's what you need to know
- 28-Mar-2022 02:02 PM TAX TIP Make sure you maximize the benefits you are entitled to if you are First Nations, Inuit, or Métis
- 27-Mar-2022 12:00 PM TAX TIP It's tax time! You've got questions? We've got answers
- 26-Mar-2022 10:59 AM TAX TIP Do you work in the gig economy? Here's what you need to know
- 23-Mar-2022 04:22 PM TAX TIP How to verify the CRA has contacted you
- 21-Mar-2022 04:33 PM TAX TIP Do you work in the sharing economy? Here's what you need to know
- 20-Mar-2022 04:46 PM TAX TIP Making changes to your business? The Canada Revenue Agency is here to help!
- 19-Mar-2022 10:23 AM TAX TIP Are you a peer-to-peer seller? Here's what you need to know
- 17-Mar-2022 08:38 PM TAX TIP Are you a social media influencer? Here's what you need to know
- 15-Mar-2022 12:00 PM TAX TIP Before you call: Find the answers you need for the 2022 tax-filing season
- 10-Mar-2022 10:22 AM TAX TIP Small and medium business audits: What you need to know
- 11-Feb-2022 12:00 PM TAX TIP Avoid last minute delays at tax time by setting up My Account
- 07-Feb-2022 02:27 PM TAX TIP Investing in cryptocurrency
- 27-Jan-2022 06:33 PM TAX TIP What is cryptocurrency?
- 25-Jan-2022 12:00 PM TAX TIP Running a business is difficult; understanding your tax obligations
- 30-Nov-2021 08:00 AM TAX TIP Avoid last minute delays at tax time by setting up My Account
- 17-Nov-2021 02:14 PM TAX TIP Understanding the tax-free savings account (TFSA)
- 04-Nov-2021 04:33 PM TAX TIP Canada Revenue Agency announces maximum pensionable earnings for 2022
- 20-Jun-2021 05:33 PM TAX TIP Businesses: Watch out for Canada Emergency Wage Subsidy tax schemes
- 02-Dec-2020 12:00 PM TAX TIP What you should know during times of financial uncertainty
- 01-Sep-2020 02:03 PM TAX TIP Warning to Ontarians: Don't be fooled by the senior homeowners' property tax grant
- 30-Aug-2020 09:07 AM TAX TIP Last call! File your 2019 tax return to keep getting your benefit payments
- 29-Aug-2020 12:02 PM TAX TIP Watch out for offshore leveraged insured annuity schemes
- 28-Aug-2020 05:14 PM TAX TIP Watch out for offshore disability insurance plan schemes
- 13-Mar-2020 10:23 AM TAX TIP New online feature helps you see your uncashed tax cheques