|
CORPORATE TAXES
TAX
RETURN CALENDAR
|
|
________________________________________________
Taxation
________________________________________________
TAX RETURN CALENDAR
The following are some important filing
dates for a corporation, partnership, or sole proprietorship using a
calendar year-end (some dates may vary if a
year-end other than December 31 is adopted).
Corporations:
| Last day of February |
File T4, T4A and T5 Supplementary
slips with related Summary |
By 15th of each
following month |
Remit the payroll deductions |
By the last day of
each month |
Pay installment of current-year taxes |
Two months from
taxation year-end |
Balance of corporate tax payable is
due. |
Three months from
taxation year-end |
Balance of corporate tax payable is
due for corporations claiming small business deduction. |
Six months from
taxation year-end |
Deadline for filing T2 corporation
income tax returns a T2 corporation income tax return |
Sole Proprietorship and Partnership:
| Last day of February |
File T4, T4A and T5
Supplementary slips with related Summary |
| 15th of each month |
Remit the payroll
deductions |
| March 15 |
Make first installment payment
of tax and CPP contributions |
| April 30 |
File T1 personal income
tax return, and pay any tax amounts owing. Self-employed individuals
and their spouses may file their returns by June 15, but should pay
any taxes owing by April 30 to avoid interest charges. |
| June 15 |
Make second installment
payment of tax and CPP contributions. Deadline of T1 tax return filing
for self-employed individuals and their spouses |
| September 15 |
Make third installment payment
of tax and CPP contributions |
| December 15 |
Make fourth installment
payment of tax and CPP contributions |
It is important that you file any required returns, and remit payments, on time. Penalties apply if
you don't, and interest is charged on unpaid taxes and penalties.
Contact us
to see how our tax
and accounting services can work for your business.
|
