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Personal TaxNovember 4, 2020by Private Enterprises Services Group0Key dates for your 2021 personal tax compliance

2020 is an unusual year. With COVID-19 and a lot of other turbulence going on, it is a good idea to plan your cash flow ahead of time before making big decisions such as taking risks in a volatile stock market.

Therefore, we summarized the tax compliance deadlines that are relevant for filing your 2020 personal taxes:

  • January 30, 2021 – Deadline for the payment of interest for the prescribed interest loan
  • March 1, 2021 – RRSP Contribution deadline
  • March 15, 2021 – Due day for the first installment payment for your personal tax
  • March 31, 2021 – 2020 Tax filing deadline for family trusts
  • April 30, 2021 – 2020 Tax due date and filing deadline for individual without business or rental income
  • June 15, 2021 – 2020 filing deadline for individual with business or rental income; due day for the second installment payment for your personal tax
  • June 30, 2021 – 2020 filing deadline for non-resident with Canadian rental income
  • September 15, 2021 – Due day for the third installment payment for your personal tax
  • December 15, 2021 – Due day for the fourth installment payment for your personal tax

Need more information about what tax filing strategies best fit your situation? Speak to a partner of our firm to find out!

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