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Deadlines & Documents

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T1 General - personal tax return Important Dates

Personal Income tax Installments

Installments are recurring income tax payments that people have to pay on certain dates. These are to cover tax that you would normally have to pay in a lump sum on April 30 of the following year. Installments are not paid in advance; they are paid during the calendar year in which you are earning the taxable income.

You have to pay your installments on:

  • March 15
  • June 15
  • September 15
  • December 15

T1 General – personal tax return

Generally, your return has to be filed on or before April 30 after the calendar year along with any taxes owing.

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Self-employed persons

If you or your spouse or common-law partner carried on a business in a given year, your return has to be filed on or before June 15 after the calendar year.  Any taxes owing still must be paid on or before April 30

Deceased persons

Deceased persons returns must be filed 6 months after the date of death or by April 30 of the following year, which ever is later.  The surviving spouse or common law partner who was living with deceased has the same due date, however, any taxes owing are still payable on or before April 30 of the next year.

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Payroll - Important dates

Regular remittance

If your average monthly remittance two years ago was less than $15,000.

  • Deductions to be remitted so that they are received by the CRA on or before the 15th day of the month following the you made the deductions

Quarterly remittance

If you have an average monthly withholding amount of less than $1,000 in either the first or the second preceding calendar year, and you have a perfect compliance history in the previous 12 months; and you have no outstanding GST/HST returns or T4 information returns for the previous 12 months.

  • Deductions to be remitted once every three months to be paid on the 15th day of the month following the quarter you made the deductions

Accelerated remittance - Threshold 1

This group includes employers, including those with
associated corporations, who had a total average monthly withholding amount of $15,000 to $49,999.99 two calendar years ago.

  • Deductions to be paid by the 25th of the same month for which you made the deductions for remuneration paid before the 16th day of the month.
  • For remuneration paid after the 15th day of the month but before the first day of the following month, by the 10th day of the following month.

Accelerated remittance - Threshold 2

This group includes employers, including those with

associated corporations, who had a total average monthly withholding amount of $50,000 or more two calendar years ago.

  • Amounts withheld from remuneration you pay during the month are due by the third working day after the end of the following periods:
    1st to the 7th day
    8th to the 14th day
    15th to the 21st day
    22nd to the last day of the month

T4, T5, T4A and T5018

T4, T5, T4A returns are due on or before the last day of February.

T5018 may be reported either on the basis of the calendar year, or on the basis of the reporting business’s fiscal year.  The report is due within 6 months of the end of the reporting period.  Once the reporting period is established, it cannot be changed without CRA authorization. If your business stops operating, you must file the information return within 30 days of the day your business ends.

 

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Corporation- Important dates

Balance due date

The general due date for any corporate taxes due for Canadian-controlled private corporations is three month after the end of the tax year

Corporate tax return

Corporations must file their T2 return no later then the last day of the sixth month after the year end.  Filing deadline that fall on a Saturday, Sunday or public holiday are considered on time if they are received on the first business day after the filing deadline.

Harmonized sales tax (HST)

  • Self employed individuals
    HST owing is due on or before  April 30 following the fiscal year.  The return is due on or before June 15 following the fiscal year.
  • Corporations – Annual filers
    The return and taxes payable are due on or before the last day of the third month following the HST year end.
  • Corporations – Quarterly filers
    The return and taxes payable are due on or before the last day of the month following the end of the HST quarter.
  • Corporations – Monthly filers
    The return and taxes payable are due on or before the last day of the following month.

More information can be found on the CRA website