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Canada Revenue fixes Heartbleed issue, moves Tax Day to 5/5

April 13, 2014

Canada Maple LeafGood news, Canadian taxpayers. Canada Revenue is back!

Canada's taxpayers normally don't have to file their annual tax returns until April 30.

Still, our neighbors to the north lost almost a week of tax services when their version of the Internal Revenue Service shut down last week to ensure its online offerings weren't vulnerable to the Heartbleed bug.

Canada Revenue Agency (CRA) officials, recognizing the problem that the closure might have caused some taxpayers, is letting individual taxpayers file this year as late as May 5.

Those extra days equal the length of the interruption of the national tax agency's online services.

CRA announced the filing news today on its once-again fully operational website:

Canada Revenue Agency back online 041314_1Canada Revenue Agency back online 041314_2The May 5 extended filing deadline is the most important thing to most Canadian filers. But there are two other items of interest in the resumption of services notice:

  1. The system is back up for everyone. Individuals, businesses and their tax professionals now can file returns, make payments and access all other e-services available through the CRA website without worry about hackers getting the personal and financial data. The extended filing date, however, is specific to individual taxpayers. So businesses, get tax busy!
  2. And if you bust the new May 5 filing deadline, interest and penalties will be charged. The notice, in the nice Canadian way, phrased it as those charges not being assessed as long as you meet the May date. As a pushy American, I wanted to make sure you knew the consequences of missing it. You will pay more!

Happy filing, Canadians. We U.S. taxpayers welcome you back to the annual game.

And kudos, not blame, to Canadian authorities for taking the steps to ensure residents' confidence in their filing operations.

You also might find these items of interest:

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The More Tax Posts tab at the top of this page will take you to, well, more tax posts. You also can search below for a tax topic. 

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TAX-SAVVY WAYS 
TO WRAP UP 2026

It’s over! With October’s extended filing deadline behind us, it is now time to focus on year-end moves to reduce your 2026 tax bill. 

You’ll find ways to do just that on the Tax Tips page (see the More Tax Posts drop-down menu at the top of the blog), as well as the separate tax tip pages for each month, notably October through December. If you’re on the Tax Tips page, you’ll find a monthly list at the end of this column. If you’re on another blog page, you can head straight to the October tips; at the bottom of that tips page you’ll find links to all the other 11 months’ collections of tax advice.

Not to spoil what you’ll find in that tax advice, but it does cover such things as tax deductions for charitable donations, investment moves that could reduce tax due, and ways to max out your tax-favored retirement savings. 

Finally, as the year winds down, things get hectic. There are lots of other things to occupy our time, like the much more fun upcoming holidays. But don’t lose sight of taxes, since timing is key. To be of use, most tax moves must be made by the end of the tax year. That’s Thursday, Dec. 31, which also is the last business day of the year. 

So that you don’t miss that final tax year deadline, also keep an eye on the countdown clock below. It will keep you on top of just how much time is left to make important, tax-saving moves. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

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