Source: BDC

It’s tax season: With all of your receipts in hand, it’s time to start organizing them to file your tax return for your business.

Generally, individuals have to file their tax returns by April 30. However, if you, your spouse or common-law partner are self-employed, you have until June 15 to file your return. But be careful if you have a balance owing; the CRA begins charging interest on any unpaid amounts owing starting on May 1.

Corporations can choose any date for their fiscal year end. Tax returns must be filed no later than six months after the end of each tax year for corporations.

Read more at BDC: A guide to tax deductible business expenses.