      |
|
 |
|
The following calendar embraces the principal dates provided by general law or regulation for filing returns or paying federal income tax.
Note that there are Monthly, Quarterly and Annual Requirements.
Please read our Terms of Use before proceeding.
10th - Employers with an average monthly withholding of $15,000 or more but less than $50,000 for the second calendar year preceding a particular calendar year must remit source deductions withheld from payment made after the 15th of the previous month. For employers whose average monthly withholding is $50,000 or more, remittances must be made within 3 days, not counting Saturdays or holidays, of each of the following periods: (i) the first 7 days of the month; (ii) the period after the 7th and before the 15th day; (iii) the period after the 14th but before the 22nd day; and (iv) the part of the month after the 21st day.
|
15th - Employers with average monthly withholding of under $15,000 must remit tax deducted at source from employees' wages for previous month. 25th - Employers with an average monthly withholding of $15,000 or more but less than $50,000 must remit source deductions withheld from payments made before the 16th of the month. Last day - instalment payments of corporation income tax due. 15th - (March, June, September, December) - income tax instalments due from individuals whose expected tax liability (federal and provincial) in both the current year and either of the 2 preceding years exceeds source deudctions by $2,000 ($1,200 for residents of Quebec). 15th - (April, July, October, January) - Employers with an average monthly withholding of less than $1,000 for the second preceding calendar year and who have had no compliance irregularities for the preceding 12 months, must remit tax deducted at source from employees' wages for the previous quarter. February 14 - Deadline for employee to reimburse employer for all operating costs for personal-use of automobile in the previous year in order to avoid imputed benefit. February (last day): - Payors' income tax information returns due respecting wages, interest, dividends and annuities. - Return of investment income (summary), statement of investment income (supplementary) due. - Information returns relating to sales of securities due. - Information returns due in respect of the acquisition of an interest in a tax shelter. - Returns relating to patronage dividends due. March 1 - Last day for individuals to make RRSP contribution for the previous year. March 15 - Due date of return by person in Canada who is an agent and who derives income from sources in the United States on behalf of a person whose address is outside of Canada. March 31: - Returns of payments to non-residents made or received on their behalf in the preceding calendar year. - Information returns due relating to production of certified film or video tape which has occured during a year or has been completed within 60 days after the end of the year. - Partnership information returns due where all the members of the partnership are individuals. April 30 - Balance of tax due from all individuals and individual income tax returns due from individuals other than those eligible to file by June 15. June 15 - Filing due date for an individual reporting business income and such an individual's spouse. June 30 - Due date for income tax returns of corporations operating on a calendar-year basis. December 31 - Income tax payments due from farmers and fishers. Source: 2001 Canadian Master Tax Guide - CCH Canadian Ltd. |
© Charles Ghadban Accounting. All rights reserved.
Terms of Use and Legal Disclaimer | Privacy Statement
