Ozden&Cheung CPA
Professional Corporation

QUALITY CANADIAN TAX, PAYROLL AND ACCOUNTING SERVICES HELP YOU INBOUND

CANADIAN TAX CALENDARS

Filing and Other Deadlines

31-Jan
      • Payment deadline – fourth quarter HST/GST tax instalment due for CCPCs with calendar year-ends

28-Feb
    • Filing deadline – T4, T4A, T5 slips and summary information returns
    • Payment deadline – final corporate tax balance due for non-CCPCs with calendar year-ends

1-Mar
    • RRSP contributions deadline

15-Mar
    • Filing and final payment deadline – EHT annual return

31-Mar
    • Filing deadline – partnership annual information return (T5013)
    • Filing deadline – trusts having a calendar year-end (T3)
    • Payment deadline – final corporate tax balance and first quarter corporate tax instalment due for CCPCs with calendar year-ends
    • Filing deadline – HST/GST annual return for other than self-employed
    • Payment deadline – HST/GST balance due for other than self-employed
    • Filing deadline for non-resident returns – NR4 and T4A-NR slips and summary information returns

30-Apr
    • Filing deadline – personal income tax return (other than self-employed)
    • Payment deadline – final tax balance due for individual and self-employed
    • Payment deadline – HST/GST balance due for individual and self-employed
    • Payment deadline – first quarter HST/GST tax instalment due for CCPCs with calendar year-ends

15-Jun
    • Filing deadline – personal income tax return (self-employed)
    • Filing deadline – HST/GST annual return for self-employed

30-Jun
    • Filing deadline – Corporate income tax returns for calendar year-end corporations
    • Payment deadline – second quarter corporate tax instalment due for CCPCs with calendar year-ends

31-Jul
    • Payment deadline – second quarter HST/GST tax instalment due for CCPCs with calendar year-ends

30-Sep
    • Payment deadline – third quarter corporate tax instalment due for CCPCs with calendar year-ends

31-Oct
    • Payment deadline – third quarter HST/GST tax instalment due for CCPCs with calendar year-ends

31-Dec
    • Payment deadline – fourth quarter corporate tax instalment due for CCPCs with calendar year-ends

Penalties & Interest

Late corporate tax filings
      • Penalty – 5% of unpaid tax plus 1% of unpaid tax for each complete month to a maximum of 12 months

Late HST/GST return filings
      • Penalty – 1% of the unpaid tax, plus 25% of 1% of unpaid tax for each complete month to a maximum of 12 months

Late tax payments
      • Interest – 8% per annum, daily compound

Late information return filings
      • Penalty – $10-$75 per day to a maximum of $1,000-$7,500, dependent on number of slips (a relieving Administrative Policy may apply)

Taxable benefits and Shareholder loans
      • Interest at 1% per annum

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