Following are the important dates that a taxpayer should be aware of in order to avoid missing deadlines.
There are often penalties as well as interest charged should a payment be late or a filing date has been missed.
T4's and T5's
T4's (Director's fees, bonuses,wages paid etc.) and T5's must be filed for the previous calendar year.
Personal Tax Return
Personal Tax Return with Self- Employment Income
Deadline: June 15
Payment of Tax Owing
Deadline: April 30
Deadline: February 29
Corporate Tax Return
Deadline: 6 Month from Fiscal Year End.
(1) If your reporting period is monthly or quarterly, you have to file your GST/HST return and remit any amount owing no later than one month after the end of your reporting period.
US Tax Return
Deadline: April 15
Deadline: 90 Days from Fiscal Year End.
Source Deductions - Payroll
Deadline: Every 15th of the Month.