CRA filing and payment due dates




Filing on time will save you money and help keep the good standing with the Canada Revenue Agency:


Corporation Tax:

Tax is payable two months after fiscal year end.
One month extension is available for Canadian Controlled Private Corporations.

T2 Tax return is due six months after the corporation's year end.

5% + 1% late filing penalty on tax due.*
10% + 2% for repeated failure to file.*
Arrears interest on outstanding balances computed at the prescribed interest rate.

* This and the following interest and penalty figures may be only approximate and not relevant to the specific year. Please refer to the disclaimer below.


Payroll:

Source deductions shall be remitted no later than the 15th of the following month.
T4 slips together with T4 Summary must be submitted by February 28th of the following year for the calendar year ending Dec 31.


Dividends:

T5 dividend slips and summary must be submitted by February 28th of the following year for the calendar year ending Dec 31.


Small Business:

Tax for sole proprietorship, partnership or limited partnership is payable April 30, that is four months after fiscal year end.
T1 Tax return for sole proprietorship, partnership or limited partnership is due on June 15th of the following year, for the calendar year ending Dec 31.
5% + 1% late filing penalty on tax due.*
10% + 2% for repeated failure to file.*
Arrears interest on outstanding balances computed at the prescribed interest rate.

* This and the following interest and penalty figures may be only approximate and not relevant to the specific year. Please refer to the disclaimer below.


Personal Tax Returns:

Tax for individual taxpayer is payable April 30, that is four months after calendar year end.
T1 Tax return for individual taxpayer is due on April 30 of the following year, for the calendar year ending Dec 31.
5% + 1% late filing penalty on tax due.*
10% + 2% for repeated failure to file.*
Arrears interest on outstanding balances computed at the prescribed interest rate.

* This and the following interest and penalty figures may be only approximate and not relevant to the specific year. Please refer to the disclaimer below.


Appeals and Objections:

Notice of Objection must be submitted to the Chief of Appeals within 90 days of the notice of (re)assessment that is being objected.







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