Frequently asked questions

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• Individual Income Tax while alive

• Individual Income Tax upon death

• Corporate Income Tax

• Payroll remittance

• Sales taxes

• Withholding taxes 

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• You must file a return for if

o you receive a request from Canada Revenue Agency to file a return

o you and your spouse elected to split pension income

o you receive working income tax benefit advance payments

o you disposed capital property or you realized a capital gain

o you have to repay your old age security or employment insurance benefits

o you have not repaid all amounts withdrawn from your registered retirement savings plan (RRSP) under Home Buyers’ Plan or Lifelong Learning Plan

o you have to contribute to the Canada Pension Plan (CPP)

o you are paying employment insurance premiums on self-employment and other eligible earnings

• Even if none of these requirements apply, you should file a return if:

o You want to claim a refund or working income tax benefit

o You want the GST/HST credits

o You or your spouse want to begin or continue receiving Canada child benefits payments

o You have incurred a non-capital loss and you want to be able to apply it in other years

o You want to transfer or carry forward to a future year the unused part of your tuition

o You want to carry forward the unused investment tax credit on expenditures you incurred during the current year

o You want to receive the guaranteed income supplement or allowance benefits under the old age security program

• Individual without business income

- Your return has to be filed on or before April 30 in the following year

• Individual with business income

- If you or your spouse or common law partner carried on business, your return has to

   be filed on or before June 15 in the following year

- If you have a balance owing from the previous year, you have to pay it on or before

   April 30 in the following year

• Deceased individual

- April 30 of the following year if death is occurred during January 1 to October 30

- 6 months after the date of death if death is occurred during November 1 to December

   31

• Corporate T2 Tax Return

- 6 months after the end of taxation year

• HST (Individual): generally, for annual filer, June 15; depending on your sales, your

    filing deadline can differ. Please speak to a professional.

• HST (Corporate): generally, for annual filer , 3 month after the end of reporting period;

    depending on your sales, your corporation’s filing deadline can differ. Please speak to a

    professional.

• Individual: April 30

• Corporation (non-CCPC*): 2 months after the taxation year end

• Corporation (CCPC*): 3 months after the end of tax year if the corporation’s previous

    year taxable income did not exceed $500,000 and it has claimed the small business

   deduction in the current or previous taxation year

• HST: depending on your filing frequency

• Payroll tax: generally, 15th of the following month for monthly remitting. Dependsing

   on the size of your payroll, your remitting frequency and deadline can differ. Please

   speak to a professional.

*CCPC: Canadian Controlled Private Corporation

- private corporation that incorporated in Canada

- cannot be controlled by non-residents of Canada or public corporations

• Keep your supporting documents for 6 years

• CRA may ask for documents other than official receipts, such as cancelled cheques or

    bank statements as proof of any deduction or credit you claimed