💼 Retirement and Succession Planning. CPA expertise combined with business acumen Tax for Non-Residents Tax planning ▪ Accounting ▪ Compliance 💼 Retirement and Succession Planning. CPA expertise combined with business acumen Tax for Non-Residents Tax planning ▪ Accounting ▪ Compliance

Resources

At Practice Link CA, we believe clients should always have access to the information they need. Below are important deadlines and trusted CRA resources to help you stay informed and prepared.

Important Deadlines

April 30

Personal Income Tax Return (T1) filing deadline (if you owe taxes, payment is also due).

June 15

Filing deadline for self-employed individuals (payment still due by April 30).

Businesses

Within 6 months of year-end

Corporate Income Tax Return (T2).

GST/HST Returns

Due quarterly or annually, depending on your reporting period.

Payroll Remittances

Typically due by the 15th of the following month (may vary by remitter type).

Businesses

RRSP Contributions

60 days after year-end (usually March 1).

G Instalment Payments

March 15, June 15, September 15, and December 15 (if required).

Important Links

🔗 CRA My Account (for Individuals)

🔗 CRA My Business Account

🔗 CRA Filing Deadlines

🔗 GST/HST Filing Information

🔗 Payroll Information for Employers

🔗 Personal Income Tax (T1) Information

🔗 Corporate Income Tax (T2) Information

Frequently Asked Questions

1. What documents do I need for my personal tax return (T1)?

Common documents include T4 slips (employment income), T5 slips (investment income), RRSP contribution receipts, medical expenses, charitable donation receipts, and property tax or rent receipts (if applicable). We will provide you with a full checklist to make sure nothing is missed.

2. How do i access CRA my account?

You can log in or register for CRA My Account here: CRA My Account. This secure portal allows you to view past returns, check refund status, review RRSP/TFSA contribution limits, and manage benefit payments.

3. When are corporate tax returns (T2) due?

A corporate tax return must be filed within six months of your company’s year-end.

4. How often do I need to file HST/GST returns?

Filing frequency depends on your business’s annual revenue. Small businesses often file annually, while others may file quarterly or monthly. CRA will confirm your assigned reporting period, but we can also help you review and manage filing requirements.

5. What happens if I miss a deadline?

CRA may charge interest and penalties on late filings or late payments. If you’ve missed a deadline, it’s best to file and pay as soon as possible. In some cases, we can assist in applying for penalty relief.

6. Do you offer help if CRA audits me?

CRA may charge interest and penalties on late filings or late payments. If you’ve missed a deadline, it’s best to file and pay as soon as possible. In some cases, we can assist in applying for penalty relief.

7. How can I make payments to CRA?

You can pay CRA through your online banking (set up “CRA” as a payee), through CRA My Account, or at most financial institutions. More details here: CRA Payment Options.

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