Individual Tax Calendar and Interest Rates

2017 Expert Fiscaliste Tax Calendar

 28-Feb

  • Filing deadline – T4/RL-1, T4A/RL-1, T5/RL-3, T5008/RL-18 slips and summary information returns
  • Filing deadline – NR4 return
  • Payment deadline – final corporate tax balance due for non-CCPCs with calendar year-ends

1-Mar

  • RRSP contributions deadline

15-Mar

  • First quarter personal tax instalment due

31-Mar

  • Filing deadline – T5013/RL-15 slips partnership annual information return (T5013)
  • Filing deadline – T3/RL-16 slips and trusts having a calendar year-end (T3)
  • Payment deadline – final corporate tax balance due for CCPCs with calendar year-ends
  • Filing deadline – HST/GST annual return for other than self-employed
  • Payment deadline – HST/GST balance due for other than self-employed

30-Apr

  • Filing deadline – personal income tax return (other than self-employed)
  • Payment deadline – final tax balance due for individual and self-employed
  • Payment deadline – HST/GST balance due for individual and self-employed

 15-Jun

  • Second quarter personal tax instalment due
  • Filing deadline – personal income tax return (self-employed)
  • Filing deadline – HST/GST annual return for self-employed

30-Jun

  • Filing deadline – Corporate income tax returns for calendar year-end corporations

15-Sep

  • Third quarter personal tax instalment due

15-Dec

  • Fourth quarter personal tax instalment due

31-Dec

  • Filing deadline – NR6 form

2017 Information on Penalties & Interest

Late tax filings

  • Penalty – 5% of unpaid tax plus 1% of unpaid tax for each complete month to a maximum of 12 months

Late tax payments

  • Interest – 5% per annum

Late T4, T5 & T5018 information return filings

  • Penalty – $10- $75 per day to a maximum of $1,500 – $7,500, dependent on number of slips

Taxable benefits and Shareholder loans

  • Interest at 1% per annum

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