If you do not remember your code or you need a code for a new account, you can: When you make a payment to the Canada Revenue Agency, do not resubmit your return. T5013 / Relevé 15: The T5013 is the CRA Statement of Partnership Income. Event Due Date; e-Submission of Donation: 31 Jan 2021: e-Submission of Employment Income: 1 Mar 2021: e-Submission of Commission: 1 Mar 2021: e-Submission of Certificate of Residence (COR) for Withholding Tax Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. This will reduce stress for both of us as we approach the April 30, 2021 filing deadline. Annual payroll over $600,000 must be paid in instalments, If you claimed the 10% TEWS (Temporary Wage Subsidy), a reconciliation of your payroll and remittances is required on. Deadline for financial institutions to send 2020 T4A/RL-2 (Statement of Pension, Retirement, Annuity, and Other Income) and T5/RL-3 (Statement of Investment Income) tax slips. If you file your information return past the due date you may be charged a penalty. But if you want to get a tax refund for your RRSP contribution with your 2019 return, you have to add the funds by the March deadline. Likewise, the deadline for payment of taxes owed was extended from September 1, 2020 to September 30. It is case sensitive. Links to the XML specifications for 2022 will be listed in the last column when they become available. March 31: Deadline to file NR4s and T3 trust returns. Before implementing any tax planning, please seek professional advice from a qualified tax professional. Annual payroll between $500,000 and $600,000 can be paid annually and will be due. No taxes are due along with the filing of the dividend slips … For enquiries, contact us. You only require the xml specifications if you are creating your own xml file. This field is for validation purposes and should be left unchanged. Filing Deadline. "Live frugally, but love extravagantly." Under proposed legislation, a tax year of a trust or an estate may end early because of a loss restriction event. When the pre-LRE year-end is in the same calendar year as the trust's or the estate's ordinary tax year-end, the NR4 return must be filed within 90 days of the trust's or the estate's ordinary tax year-end. If you can send files to us electronically, that would be preferred – … You must include a T619, Electronic Transmittal record along with one of the following return types to create a complete submission for year 2021. All Rights Reserved. If you are unable to file by the due date, payment of estimated taxes payable will eliminate your penalties if the … ), summary of interest and/or dividends paid, listing amounts, recipient and SIN. The T5018 return is due six months after the end of the reporting period you have chosen. These cookies will be stored in your browser only with your consent. EPR Maple Ridge Langley, Chartered Professional Accountants will not accept any liability for any tax ramifications that may result from acting based on the information contained above. Businesses must choose if filing T5018s based on a calendar period or based on their fiscal year-end and once chosen, this cannot be changed. 2020 RESP & TFSA contribution deadline. If you file more than 50 information returns (slips) for a calendar year and you do not file by Internet file transfer or Web Forms, you may be charged a penalty. The year 2020 was a tumultuous year … Deadline for filing 2020 tax returns. For information regarding our COVID-19 policies and procedures. Q1: No later than June 1, 2020 Q2: No later than August 31, 2020 Q3: No later than November 30, 2020 Q4: No later than February 1, 2021. DEADLINE T4 Supplementaries and Summary (Salaries) Canada Customs and Revenue Agency February 29, 2020* T5 Supplementaries and Summary (Interest/Dividends) Canada Customs and Revenue Agency February 29, 2020* RRSP Contributions N/A February 29, 2020* EHT Return Ministry of Finance March 15, 2020* NR 4 Supplementaries and Summary Depending on this choice, the filing deadline would be: Calendar Period – The December 31, 2020, T5018 return is due June 30, 2021 Fiscal Period – The T5018 return is due on or before the date that is 6 months after the business’ year-end. Tax refunds begin reaching those claiming EITC and ACTC (PATH Act returns) for those who file electronically with direct deposit and there are no issues with their tax returns. The first column of the table has links to the XML specifications for year 2021. The T4/T5 filing deadline is fast approaching! If the business stops operating, the return is due within 30 days of the day your business or activity ends. Every information return is considered a slip. If you received any taxable COVID-19 benefits, the CRA will provide a T4A slip, which you should receive before March 10, reporting the amounts. For more information about loss restriction events, see "Loss trading – Rules for trusts" in Guide T4013, T3 Trust Guide. Filing at least three months before the 18-month deadline is recommended to allow time to provide the Canada Revenue Agency with any requested additional information before this deadline. Employer Health Tax (EHT) ... Canada Revenue Agency (CRA) tax filing deadline for individuals, for the 2020 tax year ... A T5 will not be issued for income less than C$50. March 15: First quarter personal tax instalment is due. We also use third-party cookies that help us analyze and understand how you use this website. 31-Jan-2021. A friendly reminder that the T4 (RL1), T4A (RL2), T5 (RL3) filing deadline is one week away (February 28 th, 2020).Be sure to provide your accountant with all relevant documents to make sure that your T4s, T5s and all … The Canada Revenue Agency will begin charging penalties starting January 2016 if you do not file electronically. March 1: Deadline to contribute to an RRSP for the 2020 tax year (including Home Buyers’ Plan/Lifelong Learning Plan repayments). If the business stops operating, the return is due within 30 days of the day your business or activity ends. This website uses cookies to improve your experience while you navigate through the website. T4 and T5 filing deadline - February 28, 2020 Personal tax return filing deadline - April 30, 2021 Personal tax filing deadline with self-employed income - June 15, 2021 For those who are self-employed, or who have a spouse/partner who is self-employed, the deadline extends until June 15, 2021. File by March 31 following the calendar year to which the information return applies or no later than 90 days after the end of the fiscal year for an estate or trust. 22377 Dewdney Trunk Rd Maple Ridge, BC V2X 3J4, © 2021 EPR Chartered Professional Accountants An independent Canadian Member of AGN International. Deadline to issue T4s, T4As, and T5s and for issuers of TFSAs to file their annual information returns. You also have the option to opt-out of these cookies. late-filing penalties for information returns.