Below you will find a generic list of selected payment and filing deadlines related to various tax filings and payments. The list is not all inclusive. Furthermore, the list does not include deadlines relating to payroll, and WSIB.
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. |
6 months after year end (i.e. |
Income and capital tax return |
Ontario |
2 months after year end (i.e. |
6 months after year end (i.e. |
T4 / T5 information slips |
Federal |
N/A |
Feb 28 of following calendar year (i.e. |
NR4 information slips |
Federal |
N/A |
March 31 of following calendar year (i.e. |
T1134 / T1135 information returns |
Federal |
N/A |
15 months after year end (i.e. |
Source Deductions Returns |
Federal |
By-weekly, 15 days after the By-weekly end (i.e. January 11,
|
By-weekly, 15 days after the By-weekly end (i.e. January 11,
|
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 |
N/A |
RRSP Contribution |
60 days following calendar year end, i.e. |
N/A |
Employer automobile reimbursement (1) |
45 days following calendar year end, i.e. |
N/A |
T1134 / T1135 information returns |
N/A |
March 31 of second following year (i.e. |
Notice of objection |
N/A |
The later of one year after the filing due date for the year |
(1) Reimburse employer for operating costs for personal use of automobile in the previous year in order to avoid imputed benefit.
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. |
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 |
Goods and Services Tax (GST) returns
Type |
Jurisdiction |
Balance Payable Due |
Return/Form due |
GST return – annually for individual (sole proprietor) |
Federal |
April 30 of the following calendar year
(but if total net tax remittable for the current or previous |
June 15 of the following calendar year |
GST return –
|
Federal |
3 months after the end of the reporting period
(but if total net tax remittable for the current or previous |
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 –
(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 –
|
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 –
($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. |
End of the following month (i.e. |
$20,000 to
(1) |
Quarterly |
Middle of March, June, September, December (i.e. |
End of the following month (i.e. |
Less than $20,000
|
Yearly |
Middle of March, (i.e. |
End of the following month (i.e. |
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 |
Ontario |
March 15th of the following calendar year (i.e. |
March 15th of the following calendar year (i.e. |
Monthly Instalment Return |
Ontario |
February 15th of the following calendar month (i.e. |
February 15th of the following calendar month (i.e. |
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..
Source Deductions Penalties & Payments
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.