When is a personal tax return (T1) due?

A personal tax return is due on or before April 30.

When is a personal tax return due for a self-employed individual?

A personal tax return is due June 15th if the taxpayer or his/her spouse is self-employed. However, if a taxpayer owes tax, the amount owed is still due on or before April 30 even if the taxpayer’s return is due June 15th.

When is the personal return (T1) due for a deceased taxpayer?

Tax return for a deceased taxpayer is due the later of:

  • 6 months after death or,
  • regular filing deadline

For example, if a taxpayer with a filing deadline of April 30th dies on January 31, his tax return would be due the later of:

  • April 30 (regular filing date)
  • July 31 (6 months after death)

The later of both dates is July 31, therefore, the return would be due by July 31.

When does a taxpayer have to start making installments?

Installments must be made by the taxpayer if tax payable minus amounts withheld at source is greater than $3,000 in the current year and either of the two preceding years.

When is a corporate tax return (T2) due?

A corporation’s tax return (T2) is due 6 months after its fiscal year-end. The balance owed is still due two months; 3 months for Canadian Controlled Private Companies (CCPCs).

When is trust’s tax return (T3) due?

Tax returns for trusts (T3) are due 90 days after the end of their taxation year. Testamentary trusts can choose any fiscal year end (often the anniversary of death) and do not need to make installments. Inter Vivos trusts must have a calendar year for their taxation year and make quarterly installment payments (if required).

Do I charge HST on sales?

You must register for a GST/HST account if:

  • you provide taxable supplies in Canada AND
  • you are not a small supplier (revenue from taxable supplies up to $ 30,000)

You must register within 29 days from the day you cease to be a small supplier, that is, when your revenue exceeds $ 30,000 threshold.

How do I make the monthly payment online to CRA for source deductions?

Click here to go to the payment page. Then choose Payroll Source Deductions under Businesses (as shown in image below)

Then choose “Regular Remittance” (as shown in image below).

On the next page, enter your account number, gross payroll amount, numbers of employees, reporting period and payment amount (as shown in image below) and click Next

Confirm all the details you entered on previous page and click “Confirm and Proceed to Pay” (as shown in image below).

Review the payment options on the next page and then click Pay (as shown in image below).

Choose one of the payment options based on the type of banking card you have (as shown in image below).

If your bank card has a Visa Debit logo, enter your card details (as shown in image below).

If your card does NOT have a VISA Debit logo, then you choose the second option (as shown in image below).

Choose your financial institution from the list to log in and authorize the payment (as shown in image below).

Once the transaction has been processed, please save the receipt for your records.

Can I register for HST coluntarily even if I’m a small supplier?

Yes, you can certainly register for GST/HST even if your revenues do not exceed $ 30,000 in a given year.

If you decide to register voluntarily, you have to:

  • charge, collect, and remit the GST/HST on your taxable supplies of property and services
  • file GST/HST returns on a regular basis
  • stay registered for at least one year before you can cancel your registration (unless you stop your commercial activities)
How often do I have to file GST/HST?

Each GST/HST registrant has a fiscal year for GST/HST purposes. CRA uses this fiscal year to determine when your GST/HST returns are due. In most cases, your GST/HST fiscal year is the same as your tax year for income tax purposes.

The tax year of the following business entities is usually a calendar year:

  • individuals and inter-vivos trusts
  • professional corporations that are members of a partnership (such as a corporation that is the professional practice of an accountant, a lawyer, or a doctor).

How often you have to file depends on the following:

  • If your business earns $ 1,500,000 or less you will be required to file annually. Charities also file annually. The deadline to file would be three months after the fiscal year-end. If you’re a self-employed individual, your GST/HST return is due on or before June 15 along with your tax return. Any GST/HST owed is due or on before April 30.
  • For revenues between $ 1,500,000 and $ $ 6,000,000, you will be required to file quarterly. The deadline to file would be one month after the end of the reporting period
  • If your revenue exceeds $ 600,000, you must file monthly. The deadline to file would be one month after the end of the reporting period

You have to file a GST/HST return even if you have no business transactions or no net tax to remit. Also, a taxpayer can voluntarily elect to to file more frequently.

When is the deadline to file a Notice of Objection?

1. For individuals & testamentary trusts, the deadline is the later of

  • 90 days from the date on the notice of assessment or reassessment that you are objecting to, and
  • one year from the filing deadline for the return under assessment or reassessment

2.For corporations and Inter Vivos trusts, the deadline is 90 days from the date on the notice of assessment or reassessment that you are objecting to.