In addition to filing annual income and capital tax returns (due six months1 following each taxation year end), Canadian corporations may be required to meet several other Canadian annual filing and remittance deadlines. Some of the more common compliance requirements to be considered at this time of year are outlined below. Other filing requirements (e.g., T4A information return to report certain benefits to shareholders) also may apply.
Failure to meet these requirements may result in the assessment of penalties and/or interest for non-compliance, late filing or late remittance. A waiver may be obtained in certain circumstances.
1 However, the financial institutions capital tax filing and payment deadline for Saskatchewan is the last day of the sixth month after the year end (e.g., June 30, 2013, for a December 15, 2012 year end). The payment deadline for Manitoba, New Brunswick, Newfoundland and Labrador, Nova Scotia and Prince Edward Island financial institutions capital tax purposes is six months after the year end.