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Calendar & Important Deadline Dates31-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 FactsLate 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%
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