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 2014 (T1) - April 30, 2015.
If an individual has self employment income, the filing deadlines are:
a) Payment of expected tax due -April 30, 2015
b) Filing of tax return - June 15, 2015
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, 2015
b) T5/T5 Summary - February 28, 2015
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, 2015; and
ii) Return must be filed by June 15, 2015
No instalments are required if expected net tax owing for 2014 will be less than $3,000.
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, 2015 to be considered deductible for 2014. (Contributions cannot be made after the year a person reaches age 71).
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.
T3 trust returns must be filed within 90 days of the trust fiscal year end.