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Calendar & Important Deadline Dates

31-Dec
- NR6 filings
- Sale of capital property to trigger capital gains & losses
- Make donations
- Purchase tax shelters                                                                                                           - Pay non-accrued salaries, director's fees, and dividends


30-Jan
- Pay interest on employee or shareholder loans due to corporations


28-Feb
- T4 slips and summary information returns filings
- T5 slips and summary information returns filings
- NR4 return filings
- RRSP contributions
- Payment of balance of Non-CCPC corporate taxes with calendar year-ends
- T737-RCA slips and summary information returns filings


15-Mar
-Payment of first individuals income tax instalment
-1120 U.S. calendar year-end corporate income tax returns filings and tax payment


31-Mar
- T3 trusts and estate returns filings
- WSIB annual return filings
- T5013 partnership annual information return filings
- GST return annual filings for other than individuals
- Payment of balance of CCPC corporate taxes with calendar year-ends


15-Apr
- 1040 U.S. personal income tax returns filings and tax payment


30-Apr
- Employees T1 personal income tax return filings and tax payment
- S. 216 non-resident income tax return filings (no approved NR6) and tax payment
- Payments of individual self employed professionals and business owners taxes and GST


15-Jun
- Filings of individual self employed professional and business owners T1 personal tax and GST returns
- Payment of second individuals income tax instalment
-1040 U.S. personal income tax returns filings for non-residents living (and filing) outside the U.S.


30-Jun
- Corporate T2 income tax returns filings for calendar year-end corporations
- S. 216 non-resident income tax return filings (approved NR6)
- T5018 statement of contract payments for calendar year filings
- Deadline for payment of accrued salaries and director's fees


15-Sep
- Payment of third individuals income tax instalment


30-Sep
- Last date for individuals to utilize their HBP RRSP withdrawal


15-Dec
- Payment of last individuals income tax instalment


Quarterly - last day of month
- GST payments
- EHT payments
- Personal tax instalments


Monthly - last day of following month
- WSIB payments


Monthly - last day of month
- Corporate tax instalments


Monthly - 23 of the month
- PST payments


Monthly - 15 of each month
- ETD (Employee payroll tax deductions) payments

 


Penalties & Interest Facts

Late PST filings
10% on tax collectible on sales, 5% on tax payable for own use


Late ETD payroll tax fillings
10%


Late T4, T5 & T5018 return filings
$25 per day to a maximum of $2,500


Late GST payments
$250 + 1% + 0.25% monthly penalties & Interest at 6-8%


Late tax payments
Interest at 6-8%


Late income tax return filings
5% penalty plus 1% per month interest (both penalties and interest double if not first offender)


Late WSIB filings
10.5%


corporations professionals individuals sr & ed us & international trusts & estates

TEL:    (416)  736 - 4438

FAX:    (416)  736 - 8669

TOLL FREE:  1 - 877 - 330-0707

INFO@TAXONWEB.CA