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AccountingApril 2, 2021by Private Enterprises Services Group0Key dates for your corporation – March 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.

  • April 30, 2021 – Due date for your HST filing for the period from January 1, 2021 to March 31, 2021 if your business files its HST return on a quarterly basis.
  • May 31, 2021
    1. Payment due date for your 2021 corporation tax if your business is not a small business corporation.
  • June 30, 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.
  • September 27, 2021 – The last day that your March 31, 2021 year-end bonus shall be paid to you and be cleared through your corporate bank account.
  • September 30, 2021 – Filing deadline for your 2021 corporate income tax return.
  • October 15, 2021 – The last day that payroll remittance for the March 31, 2021 year-end bonus shall be remitted to CRA if the bonus will be paid in September 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.

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