Paying your 2020 taxes owing

If this is your first time with a tax debt or if you are unsure of what do next, the CRA can work with you to find the best way to resolve your debt.

Balance owing on your tax return

If your total payable (line 43500 of your return) is more than your total credits (line 48200 of your return), enter the difference on line 48500. This amount is your balance owing.

You should pay any amounts you owe no later than April 30, 2021 to avoid paying interest and late-filing penalties.

If you file your tax return and make a post-dated payment to cover your balance owing by April 30, 2021, you will not be charged interest.

Pay the amount you owe

If you are able to pay your amount owing in full, you have several options to pay your taxes or other debts. These include online, in person, or using a third-party service provider.

Find a payment option that works for you:

Make a payment

If you cannot pay in full

If you are not able to pay the full amount before the deadline:

  • you can avoid paying a late-filing penalty by filing your return on time
  • you can make a partial payment to reduce the amount of interest you need to pay on unpaid amounts

Use the following tools to help you determine what you can afford to pay on a regular basis:

The CRA has expanded payment arrangement options to give Canadians more time and flexibility to repay what they owe based on their ability to pay:

For other options:

COVID-19 benefit payments

If you received emergency or recovery benefits, keep in mind these benefits are taxable. This means you will receive a tax slip for the amount of benefits you received, and may owe taxes this year. For more details, go to COVID-19 benefits and your taxes.

If you repaid any benefits before December 31, 2020, the CRA won't include those amounts on your T4A tax slip.

Interest relief if you received COVID-19 benefits

Interest relief will be given to people who have a total taxable income of $75,000 or less in 2020 and received at least one COVID-19 benefit in 2020. You must file your 2020 tax return to qualify for interest relief.

File your tax return before the due date, as late-filing penalties still apply. If you file late, you will be charged a 5% late-filing penalty on top of what you already owe, plus an additional 1% for each month (up to a maximum of 12 months).

For details: Eligibility criteria for interest relief

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