Tax Calendar

My tax calendar highlights key tax deadlines for personal and corporate taxes. The tax calendar is not comprehensive but meant to cover the common tax deadlines. It excludes all or some of the federal, provincial and territorial commodity and related taxes. Note that your personal situation may require different deadlines so feel free to contact me, or my team, directly if you’re a client of our office.

Corporate tax deadlines by year-end

• Corporate taxes owing are typically due two months after the fiscal year-end of the company if your company earns inactive income (such as rent, interest, dividends)
• Corporate taxes owing are typically due three months after the fiscal year-end of the company if your company earns active income which was less than $500,000 last year (for all associated companies).
• Installments may be due monthly.
• Corporate tax returns are typically due six months after year-end.
• Corporate bonuses that are accrued for a fiscal period must be paid within 179 days of year-end.

Corporate and personal payroll deadlines

Payroll remittances are typically due the 15th of the month following payment unless you are an accelerated remitter. Where your average monthly remittance is $15,000 or more (months where there is not a remittance are not included in the calculation, thus someone who only pays a bonus once per year is much more likely to be an accelerated remitter) you may be required to make your withholding payment within three days of payment of the bonus. When in doubt, remit early to avoid penalties and interest.

When information must be received by CRA

For most deadlines, the information must be received by the Canada Revenue Agency on that date, not postmarked (personal tax returns can be postmarked). When in doubt, ensure it is received by the deadline date.

When I like to receive information to complete year-ends and tax returns

If my team and I complete your corporate tax returns and financial statements, I ask that you have your year-end bookkeeping to my team and I by the end of the month following your corporate year-end. For details on what we need for the year-end, please contact your accounting manager or director. Not sure who this is? Ask me!

Tax calendar deadlines by month

For additional resources related to the tax calendar, I have also broken things down by month: