WebWealthsimple is the smart way to invest, trade, save, spend and file your taxes. Do more with your money with our smart financial tools and expert advice. WebIncome tax in Canada. In Canada, income tax is administered by the Canada Revenue Agency (CRA). The Canadian income tax year is from January 1 to December 31. If you owe income tax, you must pay it by April 30 for the previous calendar year. Late submissions are accepted, but there may be a penalty.
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