Important Dates

Please note the following important dates are estimates only. Confirm your deadlines directly with your professional advisor.

• November 15, 2024
  • Payroll Remittances: October payroll source deductions for monthly remittances are due. This includes deductions for income tax, Canada Pension Plan (CPP), and Employment Insurance (EI) premiums.
• November 30, 2024
  • Corporate Income Tax Instalments: Monthly and quarterly corporate tax instalments are due for all corporations required to pay instalments.
  • Fiscal Year-End Tax Payments:
    • Canadian-Controlled Private Corporations (CCPCs): with an August 31 fiscal year-end.
    • Non-CCPCs: with a September 30 fiscal year-end.
  • Fiscal Year-End Tax Filings: Corporations with a May 31 fiscal year-end.
  • T1135: Corporations with a May 31 fiscal year-end.
  • T1134: Corporations with a January 31 fiscal year-end.
  • Annual GST/HST Filers: with an August 31 fiscal year-end.
  • T106 Information Return: For non-arm’s length transactions with non-residents, with a fiscal year ending on May 31, 2024.
  • SR&ED Claims: Scientific Research and Experimental Development (SR&ED) claims with a fiscal year ending on May 31, 2023.

• December 15, 2024

• • Payroll Remittances: November payroll source deductions for monthly remittances are due. This includes deductions for income tax, Canada Pension Plan (CPP), and Employment Insurance (EI) premiums.

• December 31, 2024

• • Corporate Income Tax Instalments: Monthly and quarterly corporate tax instalments are due for all corporations required to pay instalments.
  • Fiscal Year-End Tax Payments:
    • Canadian-Controlled Private Corporations (CCPCs): with a September 30 fiscal year-end.
    • Non-CCPCs: with an October 31 fiscal year-end.
  • Fiscal Year-End Tax Filings: Corporations with a June 30 fiscal year-end.
  • T1135: Corporations with a June 30 fiscal year-end.
  • T1134: Corporations with a February 28 fiscal year-end.
  • Annual GST/HST Filers: with a September 30 fiscal year-end.
  • T106 Information Return: For non-arm’s length transactions with non-residents, with a fiscal year ending on June 30, 2024.
  • SR&ED Claims: Scientific Research and Experimental Development (SR&ED) claims with a fiscal year ending on June 30, 2023.

Note: November is also an excellent time to start planning your budget for the upcoming year. If you require assistance, contact our office.

Sources:

• Canada Revenue Agency – Important dates for corporations (canada.ca)
• Canada Revenue Agency – When to file your corporation income tax return (canada.ca)
• Canada Revenue Agency – Corporate income tax payments (canada.ca)
• Canada Revenue Agency – Businesses have different filing and payment deadlines (canada.ca)

This information is for discussion purposes only and should not be considered professional advice. There is no guarantee or warrant of information on this site and it should be noted that rules and laws change regularly. You should consult a professional before considering implementing or taking any action based on information on this site. Call our team for a consultation before taking any action. ©2024 Shajani CPA.

Shajani CPA is a CPA Calgary, Edmonton and Red Deer firm and provides Accountant, Bookkeeping, Tax Advice and Tax Planning service.

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