What CRA deadlines do I need to know?

From personal taxes to corporate annual returns, here are the deadlines we'll help you meet.

Personal Tax (T1) Return

Payment: April 30

Filing: April 30

Personal Taxes (T1 Return) with Business or Farm

Payment: April 30

Filing: June 15

If you have a business statement or farm statement, you technically have until June 15 to file your tax return. Balances are still due April 30 though.

Business or Farm GST (Not incorporated)

Payment: April 30

Filing: June 15

RRSP Contributions

Due March 1, 2021.

Corporate Income Tax (Federal & Provincial)

Payment: 3 months after the corporate year-end

Filing: 6 months after the corporate year-end

Corporate GST (Annual filer)

Payment & Filing: 3 months after year-end

Corporate GST (Quarterly)

Payment & Filing: 1 month after quarter end

Payroll Remittances

The 15th of the month following the month the paycheque was cut. If you pay yourself from your own corporation, and only do one year-end bonus per year, a payroll remittance for at least the CPP portion, must be submitted by the 15th day after your corporation’s year-end.

T4 Slips

Filing: February 28

Penalty: is minimum $100, but is calculated as $10/day, up to a maximum of $1,000

T5 Slips

Filing: February 28

Penalty: is minimum $100, but is calculated as $10/day, up to a maximum of $1,000

T5018 Slips

Filing: due 6 months after year end

Penalty: is minimum $100, but is calculated as $10/day, up to a maximum of $1,000

Final Returns (Filing and Payment)

April 30: if the death occurred between January 1 and October 31

6 months after date of death: if the death occurred between November 1 and December 31

June 15: if the deceased was carrying on a business

Trust (T3) Returns

Payment: 90 days after year end

Filing: 90 days after year end

This includes Estate (AKA “Testamentary Trusts”) and Family (AKA “Inter Vivos”) Trusts. If it is the final trust return, the filing and payment deadline is 90 days after the trust’s wind-up.

T3 Slips

Payment: 90 days after year end

Filing: 90 days after year end

The Trustee of the trust must file T3 slips to each beneficiary that received income during the year.

Instalments

Your instalment schedule should be shown on the cover page of your tax return, both corporate and personal. It is usually quarterly, but may be monthly for corporations. If you repeatedly don’t make your instalment payments, and you consistently owe that amount of tax, the CRA could charge penalties and interest on these.

WCB Return

Filing: February 28

Employers must report the earnings paid to workers each year and estimate what you expect to pay in the upcoming year. This is used to calculate your WCB-Alberta coverage and premiums.

Corporate Annual Return

Each year, on the anniversary of incorporation, you need to file your Corporate Annual Return at an authorized Alberta Registries. Failure to file for 30 months results in your corporation being dissolved.