Filing and paying taxes by the due date is important and you avoid interest and penalty.


Personal Income Tax Tax Return Filing Due Date Tax Payment Due Date Other Due Dates
 – Personal tax T1 General Income tax and benefit return > 30-April > 30-April  
 – T1135 Reporting Foreign properties > 30-April    
 – T1134 Reporting Foreign ownership > 31-October    
 – If you are a Self-employed filing T1 > 15-June > 15-June  
 – Self-employed filing T1135 > 15-June    
 – Self-employed filing T1134 > 31-October    
 – RRSP Contribution by the following year     > 01-March
Note: T1135 and T1134 Lat filing – the late filing penalty is $25 per day to a maximum of $2,500.00 even though you do not have any income tax payable. If the failure to file was intentional, the penalty could be even higher, up to $12,000 or 5% of the cost of the foreign property at any time in the year.  Further interest interest accrues for the overdue penalty amounts.


 

Deceased person’s Tax Return Filing Due Date Tax Payment Due Date Other Due Dates
 – If the death occurred between January 1 and October 31 > 30-April > 30-April  
 – If the death occurred between November 1 and December 31 > 6 months after the date of death > 6 months after the date of death  

 

Personal Income Tax Installment Payment Tax Payments Due Date
If your net income tax owing in the past year (2020) for all provinces of Canada except Quebec was more than $3,000.00 or If you are a resident or Quebec and your net income tax owing was more than $1,800.00, you need to pay your next year income tax in advance/installments. > 15-March
> 30-June
> 15-Septmber
> 15-December

If an individual who has to pay tax by instalments dies during the year, instalment payments due on or after the date of death do not have to be paid.
Note: The above due dates also apply to an Individual who is a non-resident of Canada.


 

Corporate Income Tax Tax Return Filing Due Date Tax Payment Due Date
 – Canadian Controlled Private Corporation who has claimed a small business deduction > Six months after the year-end > Three months after the year-end
 – T1135 Reporting foreign assets > Same as above  
 – T1134 Reporting foreign ownership > within 10 months from the year end  
For a Non CCPC > Six months after the year-end > Two months after the year-end
Note: T1135 and T1134 Lat filing – the late filing penalty is $25 per day to a maximum of $2,500.00 even though you do not have any income tax payable. If the failure to file was intentional, the penalty could be even higher, up to $12,000 or 5% of the cost of the foreign property at any time in the year.  Further interest interest accrues for the overdue penalty amounts.

 

Corporate Income Tax Installment Payment Tax Payment Due Date
 – If your net Income Tax Owing is $3,000.00 or more in the previous year > Monthly
Note: It is due every month by the same date, which is your year-end date. For example, if your corporate year-end is 20-Oct-2020, you need to pay installments by the 20th of every month.

 

GST/HST Filing Tax Return Filing Due Date Tax Payment Due Date
– Monthly Filer > End of the following month > End of the following month
 – Quarterly Filer > End of the following month, after the end of the quarter > End of the following month, after the end of the quarter
 – Annual > End of the third month, after the end of the year > End of the third month, after the end of the year
 – Self-employed Individual > 15 June > 30 April

 

CRA Payroll Tax Return Filing Due Date Tax Payment Due Date
 – Monthly remitter   > 15th of the following month
 – Quarterly remitter   > 15th of the following month, after the end of the quarter
 – T4 Slip > 28-Feb  
 – T4 SUM Return > 28-Feb  
 – T4A, T4A-SUM Return, T4A-NR, T4A-NR-SUM Return, T5, T5 SUM Return > 28-Feb  

Please Note that If a due date falls on a Saturday, Sunday, or federal holiday, the due date is delayed until the next business day. The above due dates may not apply to a particular tax year or may not be up to date. You may please contact RKB Accounting or your tax professional to validate these dates. 

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