Key dates for your corporation – October 31, 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.

 

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

 

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.