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 AccountingFriday, September 8th, 2017 at 8:38am
We hope everyone has survived the first week back! Happy Friday!
Aries Accounting
Aries AccountingTuesday, August 22nd, 2017 at 2:11pm
Tax Tip Tuesday: Do you know someone affected by the wildfires in British Columbia? Any workers affected by the wildfires are encouraged to apply for their EI benefits as soon as possible. For more information please visit this website https://www.canada.ca/en/employment-social-development/corporate/portfolio/service-canada/wildfires-british-columbia.html.
Aries Accounting
Aries AccountingTuesday, August 15th, 2017 at 3:58pm
Tax Tip Tuesday: If any of your employees are paid minimum wage, mark your calendars for September 15th. As of September 15th, the minimum wage will increase from $10.85 per hour to $11.35 per hour. The wage for liquor servers will also increase to $10.10 per hour.

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