Tax Calendar Reminders

Posted on: January 20th, 2011 by Dube & Cuttini No Comments

As 2010 year is coming to an end, we wish to provide you with a brief reminder of some deadlines that will be coming up in the next few months. Please be careful though as there are some exceptions to the general rules we have provided below.

January 31, 2011

Due Date for filing and remitting Goods and Service Tax/Harmonized Services Tax (GST/HST) for the prior quarterly reporting period.

February 2011

Starting February 2011, you can get a printed copy of the 2010 General income tax and benefit package mailed to you by calling the CRA at 1-800-959-2221. Between February and early May 2011, the General guide and forms book for your province or territory are available from any postal outlet or Service Canada office near you.

February 2011 (TBD)

The first day for using TELEFILE or NETFILE to electronically file your 2010 CRA tax return will be announced early in 2011. For TELEFILE, call 1-800-959-1110.

If your company’s year end is November 30 and the company earns inactive incomeĀ  (such as rent, interest,dividends), then the taxes owing will be due January 31.

If your company’s year end is October 31 and it earns active business income which was less than $500,000 last year (for all associated companies), then the taxes owing will be due January 31.

If your company’s year end is July 31, the corporate tax return is due January 31.

If your company’s year end is July 31 and there was a year-end bonus, then the payroll remittance would generally be due February 15.

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