Deadlines
Corporate Income tax and related filings
|
Type |
Jurisdiction |
Balance Payable Due |
Return/Form due |
|
Income tax return |
Federal |
Generally, 2 months after year end (i.e. Feb 28, 2004 for December 31, 2003 year end) OR 3 months after year end (i.e. March 31, 2004 for December 31, 2003 year end) if CCPC and prior year taxable income of associated group did not exceed $225,000 |
6 months after year end (i.e. June 30, 2004 for Dec 31, 2003 year end) |
|
Income and capital tax return |
Ontario |
2 months after year end (i.e. Feb 28, 2004 for December 31, 2003 year end) |
6 months after year end (i.e. June 30, 2004 for Dec 31, 2003 year end) |
|
T4 / T5 information slips |
Federal |
N/A |
Feb 28 of following calendar year (i.e. Feb 28, 2004 for 2003 calendar year) |
|
NR4 information slips |
Federal |
N/A |
March 31 of following calendar year (i.e. March 31, 2004 for 2003 calendar year) |
|
T1134 / T1135 information returns |
Federal |
N/A |
15 months after year end (i.e. March 31, 2005 for December 31, 2003 tax year) |
|
Source Deductions Returns |
Federal |
By-weekly, 15 days after the By-weekly end (i.e. January 11, 2008 Due on January 26, 2008. Monthly, 15 days after month end (i.e. January 31, 2008 Due on February 15, 2008. Quarterly, 15 days after quarter end (i.e. March 31, 2008 Due on April 15, 2008. |
By-weekly, 15 days after the By-weekly end (i.e. January 11, 2008 Due on January 26, 2008. Monthly 15 days after month end (i.e. January 31, 2008 Due on February 15, 2008 Quarterly, 15 days after quarter end (i.e. March 31, 2008 Due on April 15, 2008. |
|
Notice of objection |
Federal |
N/A |
90 days after mailing date of assessment or reassessment |
|
Notice of objection |
Ontario |
N/A |
180 days after mailing of assessment or reassessment |
Personal income tax and related filings
|
Type |
Balance Payable Due |
Return/Form due |
|
Income tax return – employee |
April 30 of following year |
April 30 of following year |
|
Income tax return – self-employed |
April 30 of following year |
June 15 of following year |
|
Quarterly tax installments |
March 15, June 15, September 15 and December 15 of the current tax year |
N/A |
|
RRSP Contribution |
60 days following calendar year end, i.e. March 1, 2004 for 2003 |
N/A |
|
Employer automobile reimbursement (1) |
45 days following calendar year end, i.e. Feb 14, 2004 for 2003 |
N/A |
|
T1134 / T1135 information returns |
N/A |
March 31 of second following year (i.e. March 31, 2005 for 2003 calendar year) |
|
Notice of objection |
N/A |
The later of one year after the filing due date for the year (i.e. April 30, 2005 for 2003 tax year) and 90 days after mailing of assessment or reassessment |
Trust returns and related filings
|
Type |
Trust Type |
Tax payable due |
Return/Form due |
|
Trust return (and T3 slips) |
General (including Inter vivos) |
March 31 of following year |
90 days following year end (i.e. March 31, 2004 for 2003 tax year) |
|
Trust return |
Testamentary |
90 days following year end |
90 days following year end |
|
Notice of objection |
General (including inter vivos) |
N/A |
90 days after mailing of assessment or reassessment |
|
Notice of objection |
Testamentary |
N/A |
The later of one year after the filing due date for the year (i.e. March 31, 2005 for December 31, 2003 tax year) and 90 days after mailing of assessment or reassessment |
Goods and Services Tax (GST) returns
|
Type |
Jurisdiction |
Balance Payable Due |
Return/Form due |
|
GST return – annually for individual (sole proprietor) with business income with up to $500,000 annual taxable sales) |
Federal |
April 30 of the following calendar year
(but if total net tax remittable for the current or previous year is $1,500 or more, quarterly instalments are required and are due 1 month after the end of the fiscal quarter) |
June 15 of the following calendar year |
|
GST return – annually (up to $500,000 annual taxable sales) |
Federal |
3 months after the end of the reporting period
(but if total net tax remittable for the current or previous year is $1,500 or more, quarterly instalments are required and are due 1 month after the end of the fiscal quarter) |
3 months after the end of the reporting period |
|
GST return – quarterly ($500,001 t0 $6,000,000 annual taxable sales) |
Federal |
1 month after the end of the reporting period |
1 month after the end of the reporting period |
|
GST return – monthly (in excess of $6,000,000 annual taxable sales) |
Federal |
1 month after the end of the reporting period |
1 month after the end of the reporting period |
Ontario Retail Sales Tax (PST) returns
|
Type |
Jurisdiction |
Balance Payable Due |
Return/Form due |
|
PST return – semi annually (up to $333 PST collected/invoiced per month) |
Ontario |
23 days after the end of the reporting period |
23 days after the end of the reporting period |
|
PST return – quarterly ($333.01 to $666 PST collected/invoiced per month) |
Ontario |
23 days after the end of the reporting period |
23 days after the end of the reporting period |
|
PST return – bi-monthly ($666.01 to $1,000 PST collected/invoiced per month) |
Ontario |
23 days after the end of the reporting period |
23 days after the end of the reporting period |
|
PST return – monthly (In excess of $1,000 PST collected/invoiced per month) |
Ontario |
23 days after the end of the reporting period |
23 days after the end of the reporting period |
WSIB Premium Remittance Returns
|
Annual Insurable Earnings |
Report & Pay |
Mailing Date |
Return/Form due |
|
$300,000 + (1) (2) |
Monthly |
Middle of each month end (i.e. January 15, 2005 for January 31, 2005 month end) |
End of the following month (i.e. February 28, 2005 for January 31, 2005 month end) |
|
$20,000 to $299,999 (1) (2) |
Quarterly |
Middle of March, June, September, December (i.e. March 15, 2005 for March 31, 2005 quarter end) |
End of the following month (i.e. April 30, 2005 for March 31, 2005 quarter end) |
|
Less than $20,000 |
Yearly |
Middle of March, (i.e. March 15, 2006 for December 31, 2005 year end) |
End of the following month (i.e. April 30, 2006 for December 31, 2005 year end) |
1. Effective January 1, 2005 WSIB Instalments will be based on the actual payroll for each month or quarter
2. The Premium Liability will be based on the calendar year, thus eliminating any overpayments or underpayments of the premium during the year..
Employer's Health Tax (EHT) Returns
|
Type |
Jurisdiction |
Balance Payable Due |
Return/Form due |
|
Annual Return (2) |
Ontario |
March 15th of the following calendar year (i.e. March 15, 2005 for Dec 31, 2004 calendar year) |
March 15th of the following calendar year (i.e. March 15, 2005 for Dec 31, 2004 calendar year) |
|
Monthly Instalment Return (1) |
Ontario |
February 15th of the following calendar month (i.e. February 15, 2005 for January 31, 2005 calendar month) |
February 15th of the following calendar month (i.e. February 15, 2005 for January 31, 2005 calendar month) |
1. Effective January 1, 2005 EHT Instalments will be based on the actual payroll for each month..
2. The tax Liability will now be based on the calendar year, thus eliminating any overpayments or underpayments of tax during the year..
Employer's Health Tax (EHT) Returns
Since July 2003, the Canada Revenue Agency (CRA) has administratively applied a graduated penalty structure to late remittances rather than the legislated 10% penalty. This administrative position applied to remittances of source deductions under Part I of the Income Tax Act. The February 26, 2008 budget proposes to legislate the graduated penalty structure. Non-resident tax remittances under Part XIII of the Act will also be subject to the graduated penalty structure as of February 26, 2008.
- 3% of the amount if received one to three days after it was due.
- 5% of the amount if received four or five days after it was due.
- 7% of the amount if received six or seven days after it was due.
- 10% of the amount if not paid or received on or before the seventh day after it as due.
- Large employers with an average monthly withholding amount of $50,000 or more are required to remit their deductions at source at a designated financial institution (DFI). Failure to comply with this requirement could result in a penalty of 10% of the amount not remitted at a DFI.