Personal tax returns in Canada are due April 30, but corporations choose their own fiscal year-end with filing deadlines 6 months later. RRSP contributions are due 60 days after year-end, typically March 1, and payroll remittances are due the 15th of the following month.
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Canada, personal or individual tax returns always follow the calendar year, that is January to December. Corporation has more liberty to choose their year-ends. New corporation can choose any month as year-end, as long as it is within 53 weeks from incorporation date. Subsequently, year-end are 12 months from that chosen month-end. However, if corporation is registered for HST, its due date varies based on HST filing frequency. When it is chosen by calling to CRA. For most clients, annual filing is advisable to avoid interest and penalties. See below table for better understanding. Also, if you want to get a PDF with your personalized due dates for full year 2024, we have a form in the description. Just fill few key dates about your corporation and we will email you your 2024 PDF containing all the due dates which are important for your business. T4, Salary, T5, Dividend, Issue Date: Annual, the 28th of February. RRSP Contribution Due: Annual, 60 days after year-end on the 1st of March. T1, Personal Tax, Wine Filling and Payment: Annual, the 30th of April. T2, Filling, Corporate Tax: New corporation can choose any month as year-end. Annual: 6 months after year-end, T2 payment due, corporate tax. Annual: 3 months after year-end, HST filing and payment. Quarterly: 1 month after quarter, HST filling and payment. Annual: 3 months after HST year, WSIB filling and payment. Quarterly/Annual: 1 month after quarter, 3 months after year-end, Payroll remittance: monthly/quarterly. 15th of next month. Annual return: annual. 60 days after 1 year of incorporation anniversary. If you found this helpful, don't forget to like and subscribe. Thanks for joining us today!
