Friendly reminder: Income tax deadline to file is June 1

In case it slipped your mind with everything else that has been going on, the deadline to file your income tax is coming up on Monday.

Rather than the typical deadline of April 30, the federal government extended the deadline until June 1 as part of Canada's COVID-19 pandemic response.

Besides extending the filing deadline, the federal government has also extended the deadline to pay off outstanding income tax balances interest-free. The new deadline is August 31. This also applies to corporate taxes.

June 15 is the filing deadline for T1 self-employed individuals (sole-proprietors), in order to encourage filing returns in time to accurately calculate benefits, which rely on 2019 tax returns for entitlement calculation.