As we race towards the end of the 2014 Canadian tax year, this calendar will help you get to grips with the key tax deadlines. We know that tax is not normally top of your agenda, but if you know exactly what lies in store, you can plan ahead to make things easier.
Key Tax Dates for Canada
[Click here for updated version of this article for 2015]
01 January 2014 – First day of new tax for 2014
15 March 2014, 15 June 2014, 15 September 2014 and 15 December 2014 – Due dates for installment payments for 2014 tax year.
10 February 2014 – Open e-filing for resident and immigrants in Canada for 2013 tax year.
28 February 2014 – Information from T4 slips 2013 to be provided by employers to CRA (Canada Revenue Agency) and employees.
22 April 2014 - Deadline to set up a pre-authorized debit for 2013 to avoid interest charges.
The average Canadian tax refund is $998
30 April 2014 – Filing due date for 2013 tax returns for individuals. In case of balance owing for 2013 tax year after 30 April 2014 late-filing penalty of 5% applies over the balance owing, plus 1% intQerest over the balance owing for each full month the tax return is late to a maximum of 12 months.
15 June 2014 – Filing due date for 2013 tax returns for self-employed persons in Canada. In case of balance owing for 2013 from self-employment it has to be paid before 30 April 2014.
31 December 2014 – Last day of tax year. Deadline for claiming refund from 2004 tax year.
Free Guide to Work and Travel in Canada
If you need any assistance with your 2014 Canadian tax affairs, do not hesitate to contact us, or visit our Canadian tax website today.
Also you can use our free Canadian tax calculator.