Important Dates

Canada - 2013

 

The following deadline dates apply to Canadian returns which are required to be filed during 2013.  To avoid penalites all returns must be postmarked by the due date specified:

Individual Income Tax Return for 2012 (T1) - Tuesday April 30, 2013.

If an individual has self employment income, the filing deadlines are:

      a)  Payment of expected tax due - May 2, 2013;

      b)  Filing of tax return - June 15, 2013

Note:  No extensions of filing deadlines are available in Canada.

Corporation Income Tax Return (T2)-

a) Payment of expected tax due - Three months after fiscal year end date;

b) Filing of tax return - Six months after fiscal year end date.

Payroll Withholding Taxes -  Due dates for payment of withholding taxes are based on your Average Monthly Wittholding Amount (AMWA) of two years ago.

a) Regular remitter - AWMA less than $15,000 - 15 th day of month following deductions;

b) Accelerated remitter - AMWA over $15,000 to $49,999 -

 

 i) Deduction made before 16th of month - 25 th of same        month;

ii) Deduction made after 15 th of month - 10th of following month.

c)  Quarterly remitter - AMWA under $3,000 and perfect compliance history - Payment due 15 th of month following each calendar quarter end. (April 15, July 15, October 15 and January 15).

Slips and Summary Information Returns:

a) T4/T4A Information Returns- February 28, 2013

b) T5/T5 Summary - February 28, 2013

c) T5018 Contractor Reporting (Construction          industry) - 6 months after end of fiscal year;

GST/HST Remittances and Returns:

GST/HST remittances are based on the reporting period.  Generally, all businesses with annual gross revenues under $1.5 million have an annual reporting period.  (Quarterly if gross revenue is over $1.5 million, and monthly if annual gross revenue is over $6 million.)

a) Monthly and quarterly reporters - One month after the end of each reporting period;

b) Annual reporters - Three months after the end of the fiscal year.

c) Indiviual annual reporters -

i) Payment must be made by April 30, 2013; and

ii) Return must be filed by June 15, 2013

Quarterly Instalments:

No instalments are required if expected net tax owing for 2013 will be less than $3,000.

Alternatives:

a)  Prior year option: Remit 75% of the amount owing on the 2012 return on September 15, and 25% on December 15, 2013;

b) Current year option - Estimate current year taxes owing and remit as above.

Registered Retirement Savings Plan:

An RRSP contribution must be made by February 28, 2013 to be considered deductible for 2012.  (Contributions cannot be made after the year a person reaches age 71).

Deceased Taxpayers:

Deadline for filing returns is:

a) Death January 1 to October 31 - April 30 in year following death;

b) Death November 1 to December 31 - Six months after date of death.

Trust Returns:

T3 trust returns must be filed within 90 days of the trust fiscal year end.