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Key dates for your corporation – May 31, 2022 year-end

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

  • June 30, 2022 – Due date for your HST filing for the period from March 1, 2022 to May 31, 2022 if your business files its HST return on a quarterly basis.
  • July 31, 2022 – Payment due date for your 2022 corporation tax if your business is not a small business corporation.
  • August 31, 2022
  • Payment due date for your 2022 corporation tax if your business is a small business corporation.
  • Due date for your HST filing for the fiscal year if your business files HST return on annually.
  • November 27, 2022 – The last day that your May 31, 2022 year-end bonus shall be paid to you and be cleared through your corporate bank account.
  • November 30, 2022 – The filing deadline for your 2022 corporate income tax return.
  • December 15, 2022 – The last day that payroll remittance for the May 31, 2022 year-end bonus shall be remitted to CRA if the bonus will be paid in November 2022.

Struggling with business cash flow for the tax payment? There might be a tax deferral opportunity for your business. Speak to a partner of our firm to find out.

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