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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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Trump Promises 25% Tariff on Products from Mexico and Canada

 

 

U.S. President-elect Donald Trump announced on Monday that he will sign an executive order imposing a 25% tariff on all products entering the United States from Mexico and Canada. This move is part of his broader strategy to address issues related to illegal immigration and drug trafficking, particularly fentanyl.

Trump made the announcement on Truth Social, stating that the tariffs will remain in place until Mexico and Canada take significant measures to curb the flow of drugs and illegal migrants across their borders. He emphasized that this action is necessary to protect American jobs and national security.

The proposed tariffs have sparked concerns among economists and trade experts, who warn that such measures could lead to higher prices for American consumers and potential retaliatory actions from Mexico and Canada. The tariffs are expected to impact a wide range of products, including automobiles, electronics, and agricultural goods.

Canadian and Mexican officials have yet to respond to Trump's announcement, but the move is likely to strain trade relations between the three countries. The tariffs could also complicate the implementation of the United States-Mexico-Canada Agreement (USMCA), which was designed to facilitate trade and economic cooperation in North America.

As the January 20th inauguration date approaches, businesses and consumers are bracing for the potential economic fallout from these tariffs.


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