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Tax season is just around the corner! Find out below when your corporate deadlines are to avoid paying extra interest and penalties this year.

  • T2 Return Deadlines
    • December 31st Year-End: T2 Corporate Tax Return must be filed by June 30th to avoid penalties for late filing
    • Other Fiscal Year-Ends: T2 Corporate Tax Return must be filed no later than six months after the end of the fiscal year to avoid late filing penalties
  • Corporate Amounts Owing and Installments
    • December 31st Year-End: Corporate amounts owing must be filed by March 31st to avoid interest on amounts owing.
    • Other Fiscal Year-Ends: Corporate amounts owing must be paid no later than three months after the end of the fiscal year to avoid interest on amounts owing
    • December 31st Year-End; Quarterly Installments: Installment payments are due March 15th, June 15th, September 15th and December 15th to avoid interest
    • Other Fiscal Year-Ends; Quarterly Installments: Installment payments are due every three months, less a day from the starting day of your fiscal year to avoid interest/penalties
    • All Fiscal Year-Ends; Monthly Installments: Installment payments are due on the last day of every month to avoid interest/penalties
  • GST Amounts Owing
    • December 31st Year-End; Annual GST Filer: GST filing and amounts owing are both due March 31st to avoid both interest and penalties
    • December 31st Year-End; Quarterly GST Filer: GST filing and amounts owing are due January 30th, April 30th, July 31st and October 31st to avoid both interest and penalties
    • Other Fiscal Year-Ends; Annual GST Filer: GST filing and amounts owing are both due no later than three months after the end of the fiscal year to avoid both interest and penalties
    • Other Fiscal Year-Ends; Quarterly GST Filer: GST filing and amounts owing are due no later than one month after the end of the fiscal quarter to avoid both interest and penalties
    • All Fiscal Year-Ends; Monthly GST Filer: GST filing and amounts owing are due no later than one month after the month-end to avoid both interest and penalties
  • T4 and T5 Slips
    • All Fiscal Year-Ends: T4s and T5s must be filed with CRA on/before February 28th, and sent out to employees on that date as well
  • Payroll Remittances
    • All Fiscal Year-Ends; regular remittance: Payroll remittances must be paid on the 15th of the following month for the past month’s remittance
  • Annual Returns
    • All Fiscal Year-Ends: Annual returns must be filed with the registry 60 days following the anniversary of the date of incorporation

Please note these deadlines are general deadlines, subject to change due to weekends, holidays etc. Official deadline days can be confirmed on CRA website. Based on these deadlines, it’s best to remain organized and prepared throughout the year, resulting in a more efficient and accurate T2 filing early, allowing for all amounts owing to be paid on time. Visit us a Jibe for your corporate filing, GST filing and tax planning for your and you corporation!

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