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Tax Deadline April 30: The Most Common CRA Mistakes Canadians Make — and How to Avoid Them

Missed deductions, wrong SINs, unreported side income — these are the errors that delay your refund, trigger CRA letters, and quietly cost Canadians millions every year. Here's your 2026 checklist With April 30 just days away, millions of Canadians are racing to pull together slips, receipts, and records before the Canada Revenue Agency's personal income tax deadline. But filing on time and filing  correctly  are two very different things. The CRA flags thousands of returns each year for errors that are entirely preventable — errors that delay refunds, generate costly reassessments, and sometimes result in penalties that linger for months. Whether you're a first-time filer, a seasoned DIY-er, or someone handing everything to an accountant, here are the 10 most common CRA mistakes Canadians make — and exactly how to avoid each one. 1. Misunderstanding the April 30 deadline The filing deadline for most Canadians is  April 30, 2026 . Miss it when you owe money, and you'll ...
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Stocks Open on a Positive Note as Earnings Season Kicks Off

 

The stock market opened on a positive note today, with stocks edging up as the earnings season kicks off. The Dow Jones Industrial Average rose by 0.2%, or about 75 points, while the benchmark S&P 500 gained 0.4% and the tech-heavy Nasdaq Composite advanced about 0.3%. 

The earnings season is seen as a crucial chance for stocks to shake off the losses built in the year so far. JPMorgan Chase, Bank of America, and Wells Fargo all posted decent results on Friday, but the latter two saw shares fall as they failed to settle nerves about potential pain ahead.

Oil prices jumped more than 2% after the US and its allies launched airstrikes against Houthi rebels in Yemen, drawing threats of reprisals from the Iran-backed group behind Red Sea attacks on shipping. Meanwhile, investors are looking for more insight into price pressures after the consumer CPI reading came in hotter than expected on Thursday. 

On Friday, the producer price index showed an unexpected fall in prices last month, boosting hopes that inflation will continue to cool in the months ahead.



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