Remember, being organized and prepared saves time, money and a little stress. As a side not, those who prepare more than 10 returns must file electronically. This applies to both T1(General Income tax and benefits) and T2(Corporate Income tax) returns.
February 28, 2013
-Employers due date for filing T4’s, T4A’s and T5 slips
March 1, 2013
-Deadline for 2012 RSP contributions
March 15, 2013
-Due date for 1st quarter tax installment payments
April 1, 2013
-BC returns to PST of 7%
April 30, 2013
-Individual Tax Returns are due
-Self Employed tax owing is due
June 15, 2013
-Self Employed Tax Returns are due
GST/HST – Filing due dates depend on the reporting period and annual sales (Sole proprietor + Corporations)
Annual Sales up to 1.5mill: Can file monthly, quarterly or annually
Annual sales from 1.5mill to 6mill: Can file monthly or quarterly
Annual Sales of 6mill and up: Must file monthly
*Those with a reporting period of monthly or quarterly, have one month from the end of their period to file and pay any GST/HST owed.
* Those with a reporting period of annually whose year end is December 31, has a filing due date of April 30, and taxes payable due date of June 15.
* Those with a reporting period of annually whose year end is not December 31, has 3 months after the end of the fiscal year to file and pay GST/HST owing.