Important Dates

Important Dates for Businesses

 

 

T4/T4A & T5 Slips & Summary – Due on or before the last day of February.

 

T5018 – Mandatory for Construction Industry – Due on or before the last day of February.

 

T2 Corporate Income Tax – to be filed no later than six months after the end of each tax/fiscal year.  If you owe taxes, interest charges apply after 3 months.

 

Payroll

Monthly Remittance – due by the 15th of the next month for which employees are paid.

For more remittance thresholds see

http://www.cra-arc.gc.ca/tx/bsnss/tpcs/pyrll/pymnts/hwrmt-eng.html

 

 

 

Important Dates for Individuals

 

2016 Personal Tax Return – Due on or before April 30, 2017.

 Self Employed – Due on June 15, 2017. However, if you have a balance owing for 2016, you have to pay it on or before April 30, 2017.

Installments

You have to pay your instalments for 2017 on:

  • March 15
  • June 15
  • September 15
  • December 15

 

RRSP Contributions

 RRSP for the 2016 tax yearMarch 1, 2017 is the deadline for contributing.

 December 31 of the year you turn 71 years of age is the last day you can contribute to your own RRSP.

  

               GST filing and payment deadlines

GST/HST filing period Filing deadline Payment deadline Example

Monthly

 

One month after the end of the reporting period One month after the end of the reporting period

Reporting period:

July 31

Filing deadline:

August 31

Payment deadline:

August 31

Quarterly

 

One month after the end of the reporting period One month after the end of the reporting period Reporting period:

March 31

Filing deadline:

April 30

Payment deadline:

April 30

Annually

(except for individuals with a December 31 fiscal year-end

and business income for income tax purposes)

Three months

after fiscal year-end

Three months

after fiscal year-end

Reporting period:

August 31

Filing deadline:

November 30

Payment deadline:

November 30

Annually

(individuals with a December 31

fiscal year-end and business income for income tax purposes)

June 15 April 30 Reporting period:

December 31

Filing deadline:

June 15

Payment deadline:

April 30

 

 

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Aries Accounting
Aries AccountingTuesday, January 16th, 2018 at 12:19pm
Tax Tip Tuesday: During the months of January and February many tax related items will begin to arrive in the mail. Save yourself time and stress by putting them all together in a tax folder.
Aries Accounting
Aries AccountingTuesday, January 9th, 2018 at 8:58am
Tax Tip Tuesday: When your annual mortgage statement arrives, put it with your tax package. You may need it for your Business Use of Home expenses. Trust us, your accountant/tax preparer will ask for it!
Aries Accounting
Aries AccountingTuesday, January 2nd, 2018 at 10:56am
Tax Tip Tuesday: As part of their Budget 2017, the Government of Canada now recognizes nurse practitioners as being able to certify Form T2201, the Disability Tax Credit Certificate. For more information on this initiative as well as the Disability Tax Credit please visit this site https://www.canada.ca/en/revenue-agency/campaigns/nurse-practitioners-certify-disability-tax-credit-certificate.html.

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