Payroll Deductions must be remitted and received by Canada Revenue Agency no later than the 15th day of the month following the month the deductions were made. There are exceptions to the rule, particularly if your enterprise has a large payroll. If you believe this applies to you, please contact our office for more information.
Goods and Services Tax (GST) must be remitted per the due date on your GST Return because GST is considered funds held in trust for Canada Revenue Agency. It is important that the funds be remitted by the due date listed on the GST return. GST can set up for monthly, quarterly or annual remittance.
T4 Slips and Summaries must be filed by the last day of February.
T5 Statement of Investment Income forms must be filed by the last day of February.
T1 Personal Income Tax Returns must be filed by April 30.
T1 Personal Income Tax Return with a self-employed person – If you or your spouse or common-law partner carried on a business (other than a business whose expenditures are primarily in connection with a tax shelter), your return has to be filed on or before June 15. However, if you have a balance owing for the year, you still have to pay it on or before April 30.
T1 Personal Income Tax Return for a Deceased Person – If you are the legal representative (the executor, administrator, or liquidator) of the estate of an individual who died, you may have to file a return for that individual. For more information about your filing requirements and options, and to know what documents are required, see Guide T4011, Preparing Returns for Deceased Persons, and Information Sheet RC4111, What to do following a death. The due date for the final return will depend on the date of death and whether or not the deceased or his or her spouse or common-law partner carried on a business. Note: If you received income for a person who died in the year(s) earlier, do not file an individual return for that income on behalf of that person. However, you may have to file a T3 Trust Income Tax and Information Return for the estate.
T2 Corporate Income Tax Returns must be filed six months after the fiscal year end date. Interest will be calculated on the balance due as of three months after the fiscal year end.
RRSP Contributions must be made within 60 days of the end of the year to be deductible for that year. December 31 or the year you turn 71 years of age is the last day you can contribute to your own RRSP.