Important Dates

Personal tax returns with Self Employment Income (including B&B, Rental Income, Home Based Business, etc) the deadline to receive your information will be March 31st.

Personal Tax Returns with Investments where you may not receive all your slips until mid-April, we are requesting you bring in what you do have no later than April 6th.

Important Dates for Individuals

 

Personal Tax Return – Due on or before April 30th.

Self Employed – Due on June 15th. However, if you have a balance owing you have to pay it on or before April 30th.

Installments

You have to pay your instalments on:

  • March 15th
  • June 15th
  • September 15th
  • December 15th

 

RRSP Contributions

RRSP – March 2nd, 2020 is the deadline for the 2019 filling year.

December 31st of the year you turn 71 years of age is the last day you can contribute to your own RRSP.

 

Important Dates for Businesses

T4/T4A & T5 Slips & Summary – Due on or before the last day of February.

 

T5018 – Mandatory for Construction Industry – Due on or before the last day of February.

 

T2 Corporate Income Tax – to be filed no later than six months after the end of each tax/fiscal year.  If you owe taxes, interest charges apply after 3 months.

 

Payroll

Monthly Remittance – due by the 15th of the next month for which employees are paid.

For more remittance thresholds see

http://www.cra-arc.gc.ca/tx/bsnss/tpcs/pyrll/pymnts/hwrmt-eng.html

 

               GST filing and payment deadlines

GST/HST filing period Filing deadline Payment deadline Example

Monthly

 

One month after the end of the reporting period One month after the end of the reporting period

Reporting period:

July 31

Filing deadline:

August 31

Payment deadline:

August 31

Quarterly

 

One month after the end of the reporting period One month after the end of the reporting period

Reporting period:

March 31

 

Filing deadline:

April 30

Payment deadline:

April 30

Annually

(except for individuals with a December 31 fiscal year-end

and business income for income tax purposes)

Three months

after fiscal year-end

Three months

after fiscal year-end

Reporting period:

August 31

 

Filing deadline:

November 30

Payment deadline:

November 30

Annually

(individuals with a December 31

fiscal year-end and business income for income tax purposes)

June 15 April 30

Reporting period:

December 31

 

Filing deadline:

June 15

Payment deadline:

April 30

 

 

Aries Accounting, Lakeview Village,
202-879 Anders Road,
West Kelowna, BC, V1Z 1K2

admin@aries-accounting.com

250-454-9483