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  • Writer's pictureNatesh Pillai

CRA-Due date for a balance owing

The due date for a balance owing on a final return depends on the date of death:


If the death occurred between January 1 and October 31, the due date for the amount owing is April 30 of the following year.


If the death occurred between November 1 and December 31, the due date for the amount owing is 6 months after the date of death.


Note


No matter when the person died, any balance owing on the surviving spouse’s or common law partner’s 2022 return still has to be paid on or before April 30, 2023, to avoid interest charges.


If you do not pay the amount in full, the CRA will charge compound daily interest on the unpaid amount from the day after the due date of the amount to the date you pay the amount owing.


In some cases, you can make an election to delay paying part of the amount due. For instance, you can delay paying part of the amount owing from rights or things and the deemed disposition of capital property.

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