Key dates for your corporation – September 30, 2021 year-end

To facilitate the year-end preparation for your business, we provide following key dates which you may find it helpful to mark down on your calendar.

• October 31, 2021 – Due date for your HST filing for the period from July 1, 2021 to September 30, 2021 if your business files its HST return on a quarterly basis.
• November 30, 2021 –
  1. Payment due date for your 2021 corporation tax if your business is not a small business corporation.
• December 31, 2021 –
  1. Payment due date for your 2021 corporation tax if your business is a small business corporation.
  2. Due date for your HST filing for the fiscal year if your business files HST return on annually.
• March 29, 2022 – The last day that your September 30, 2021 year-end bonus shall be paid to you and be cleared through your corporate bank account.
• March 31, 2022 – Filing deadline for your 2021 corporate income tax return.
• April 15, 2022 – The last day that payroll remittance for the September 30, 2021 year-end bonus shall be remitted to CRA if the bonus will be paid in March 2021.

Worrying about receiving a humongous tax bill? There might be a tax deferral opportunity for your business and you personally. Speak to a partner of our firm to find out.