Corporations Tax Returns:
-2 months (and in many cases 3 months) after year end taxes are due.
-6 months after year end, Return is due(E.g. For an August 31st year end the corporate tax return is due February)
** 5% penalty if the 6 month deadline is missed!!
T2 - Corporate Installments:
Due at the end of each month (starting in 2008 certain corporations can pay quarterly)
T3 - Trust Returns:
Due March 31st yearly - No Exceptions!
T4 & T5: (Wage and Dividend Summaries)
Due at the end of February
Due on the 15th of each month (however some companies with larger payrolls will have earlier due dates)
Monthly reporting frequency: End of the following month (e.g. for January, the last day of February)
Quarterly reporting frequency: End of the month following the end of the quarter (e.g. for first quarter, April 30)
Annual reporting frequency: April 30
Any period end: Annual Returns due 3 months after Year End.
Quarterly Returns due 1 month after end of each quarter.
- if Revenue is greater than $500,000 must do quarterly
- if Revenue is less than $500,000, can do annually
** Exception- Yearly HST for Individual due June 15th (Self Employed)