Corporate Tax Due Dates

Corporate Tax Due Dates

When to file your corporate income tax return:

Call us at 877-542-2130
Call us at 877-542-2130
  • No later than six months after the end of each tax year
  • No later than three years after the end of the tax year to receive a tax refund

Corporation payments:

  • Generally, the balance-due date for the remainder of tax owing is two months after the end of the tax year.
  • Small CCPC the balance is due three months after the end of the tax year.

Paying current year instalments:

  • If your net corporate tax owing for the previous year is greater than $3000 you will need to pay installments
  • Generally, corporations have to pay their taxes in monthly instalments.
  • A small CCPC is eligible to make quarterly instalment payments if, at the time the payment is due:

For more information see http://www.expert-fiscaliste.org/corporate-tax-calendar/

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Business Representatives

Business Representatives

Call us at 514-954-9031
Call us at 514-954-9031

Businesses can appoint someone else, often a tax professional, to deal with the Canada Revenue Agency (CRA) on their behalf. In order to have online access to tax information about the business, the representative must currently file a Form RC59 with the CRA.  The CRA has announced that, after May 15, 2017 Form RC59 will no longer be used to obtain such online access. Instead, the representative will need to carry out the following steps.

It is important for business owners to keep in mind some of the most common errors to avoid getting on the wrong side of the government agencies, and using a business representative can be to you advantage.

For more information see this link http://www.expert-fiscaliste.org/corporate-tax/business-representatives/

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2016 Filing due date for self employed persons

2016 Filing due date for self employed persons

Call us at 514-954-9031

If you or your spouse carried on a business in 2016 , your personal return for 2016 has to be filed on or before June 15, 2017.

However, if you have a balance owing for 2016, you have to pay it on or before April 30, 2017.

 

Important facts

  • If you earned self-employment income from a business you operate yourself or with a partner, you must report it.
  • Keep thorough records if you own a business or are engaged in a commercial activity. The records have to provide enough detail to determine the taxes you owe and support the benefits you are claiming, and must be supported by original documents.

http://www.expert-fiscaliste.org/individual-tax/individual-tax-calendar-interest-rates/

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