Stay on top of your tax responsibilities with our January tax deadlines. Each month, I outline some of the key dates and payment obligations that Canadian taxpayers need to meet, whether you’re a business owner or an individual. Keep reading for a breakdown of the important deadlines to help you stay compliant and avoid penalties.
Want to know all the deadlines based on your corporate year-end? Check out our Tax Calendar page for details.
Canadian personal tax deadlines
Please take a look at our articles on preparing for year-end for individuals.
| Firm Deadline | Suggested Deadline | Details |
| December 31 | December 15 | Fourth quarterly personal tax instalments are due on December 15. You can pay these directly via your bill payment features of your online banking. |
| December 31 | December 20 | Sell non-qualifying assets in your RRSP before December 31 |
| December 31 | December 27 | Pay items eligible for tax deductions or credits before December 31, such as alimony & maintenance, child care, investment counsel fees, professional dues, donations, medical expenses, and political contributions. |
| December 31 | December 20 | Taxpayers who turn 71 during the year can make final RRSP contribution and must convert RRSP to RRIF or life annuities by December 31. |
Canadian corporate tax deadlines
| Year-end | Deadline | Details |
| December 31 | January 31 | Date to have your bookkeeping to us if we do your tax returns and financial statements. For details on what we need for the year-end, please contact your accounting manager or director. Not sure who this is? Ask me! |
| November 30 | January 31 | Taxes owing due if your company earns inactive income (such as rent, interest, dividends). |
| October 31 | January 31 | Generally speaking, taxes owing due if your company earns active income which was less than $500,000 last year (for all associated companies). Exceptions apply. |
| July 31 | January 31 | Tax return due. |
| July 31 | February 15 | If there was a year-end bonus, then the payroll remittance is generally due unless you are an “early remitter” and need to remit sooner. |
| February 28 | Finalize assembly of remuneration and interest details for T4/T5 for yourself/ bookkeeper/accountant by approximately January 15th for the February 28th filing deadline. |
Resources
For additional resources related to the tax deadlines, see:
More questions?
Still have questions about December tax deadlines, or other deadlines? I want to help you Do wonderful things®, so please contact me today.
Remember – circumstances are unique! This information is summary in nature. Seek out advice from your tax advisor about your specific situation.
