2022 Tax Deadlines Calendar
February 3, 2022
We’ve put together the below calendar to help you keep track of the 2022 tax deadlines and be prepared well in advance of any due dates. Included are all provincial, federal and US tax deadlines.
For more information on federal and provincial COVID-19 economic relief programs, see Notes 2 and 3 below.
| Deadline | Action |
|---|---|
| January 30 | Deadline for the borrower to pay interest on a loan to a family member or family trust to avoid the income being attributed back to the lender |
| February 2 | To pay Vancouver property taxes and file the Empty Homes Tax declaration |
| February 24 | To claim for CEWS, CRHP and CERS for August 1 – 28, 2021 |
| February 28* | To file T4s, T4As, T4A-NRs, and T5s with the CRA |
| March 1 | To contribute to your RRSP 2021 limit is $27,830; 2022 is $29,210 (capped at 18% of your prior year’s earned income) |
| March 15 | To pay the first 2022 personal income tax installment |
| March 24 | To claim for CEWS, CRHP and CERS for August 29 – September 25, 2021 |
| March 31 | To file NR4s (payments to non-residents) with the CRA |
| March 31 (March 30 if a leap year) | To file T3 Trust returns with the CRA (see Note 1) |
| March 31 | To file T5013 Partnership Information Returns with the CRA (unless all partners are corporations, then 5 months after the fiscal year) |
| March 31 | To file GST returns for companies with December 31 year-ends, annual filers |
| March 31 | To file BC Speculation and Vacancy Tax declarations |
| March 31 | Businesses: To make, be invoiced and pay for eligible purchases for the BC PST rebate (see September 30 application deadline below) |
| April 15* | US deadlines: • To file U.S. individual income tax returns for 2021 or 6-month extension requests • To file 2021 Report of Foreign Bank and Financial Accounts, FinCEN report 114 (formerly FBAR), for US citizens living in Canada |
| April 21 | To claim for CEWS, CRHP and CERS for period September 26 – October 23, 2021 |
| April 30* | To file personal income tax returns for 2021 (including foreign reporting T1135, T1141/T1142; see Note 1 for foreign affiliates) where the taxpayer or taxpayer’s spouse/common-law partner does not have self-employed business income |
| May 19 | To claim for CRHP, THRP and HHBRP for October 24 – November 20, 2021 |
| June 15 | To pay the second 2022 personal income tax installment |
| June 15 | To file personal income tax returns for 2021 (including T1135 foreign reporting) where the taxpayer or taxpayer’s spouse/common-law partner has self-employed business income |
| June 15 | To file GST/HST returns for self-employed individuals with a December 31 year-end |
| June 15 | To file 2021 US individual income tax returns for US citizen or resident alien residing abroad and US nonresident with no withholding tax |
| June 16 | To claim for CRHP, THRP and HHBRP for November 21 – December 18, 2021 |
| June 30 | Companies to file their T2 return for December 31 year-ends (see Note 1) |
| June 30 | Non-residents to file their elective Canadian tax return for Canadian source rent**, pension income, and acting income |
| July 4 | BC Speculation Tax declarations and tax owing (if any) |
| July 14 | To claim for CRHP, THRP and HHBRP for December 19, 2021 – January 15, 2022 |
| August 11 | To claim for CRHP, THRP and HHBRP for January 16 – February 12, 2022 |
| September 8 | To claim for CRHP, THRP and HHBRP for February 13 – March 12, 2022 |
| September 15 | To pay the third 2022 personal income tax installment |
| September 30 | Businesses: To apply for the BC PST rebate (see March 31 above) |
| October 6 | To claim for CRHP, THRP and HHBRP for March 13 – April 9, 2022 |
| October 15 | US deadlines: • Extended 2021 US individual income tax return (1040) • Extended 2021 Report of Foreign Bank and Financial Accounts |
| November 3 | To claim for CRHP, THRP and HHBRP for April 10 – May 7, 2022 |
| December 15 | To pay the fourth 2022 personal income tax installment |
| December 27 (US) December 28 (CAN) | Last trading day to settle a trade in 2022 for Canadian tax loss selling (may change – please check with your investment advisor/broker) |
| December 31* | To contribute to Registered Education Savings Plans (RESP) |
| December 31* | To make charitable donations for calendar year 2022 |
**If filed, NR6 for rental income to reduce withholdings the required (not elective)
Note 1:
Deadlines that are dependent on the fiscal year include:
- T2 Corporation Income Tax returns – due 6 months after the fiscal year (watch for earlier deemed year-ends)
- T106 Transactions with non-arm’s length non-residents – due at the same time as the T2 return
- T1135 Foreign reporting of foreign assets (other than foreign affiliates – due at the same time as the T2 return
- T1134 Foreign reporting for foreign affiliates – for taxation beginning in 2021 or later, now due 10 months after the year-end (e.g., due October 31, 2022 for a December 31, 2021 year-end)
- T3 Returns for estates with a non-calendar year – due 90 days after the fiscal year
Note 2:
Federal COVID-19 relief:
- Canada Emergency Wage Subsidy (CEWS) and Canada Emergency Rent Subsidy (CERS) ended October 23, 2021.
- Deadlines to make claims for the August, September, and October 2021 periods are February 24, March 24, and April 21, 2022, respectively
- Wage and rent subsidies programs extended to May 7, 2022 include:
- Canada Recovery Hiring Program (CRHP)
- Tourism and Hospitality Recovery Program (THRP)
- Hardest Hit Business Recovery Program (HHBRP) – wage and rent subsidy
- First claim period for CRHP, THRP, and HHBRP for October 24 – November 20, 2021 is due May 19, 2022
- Canada Worker Lockdown Benefit (CWLB)
- Canada Recovery Caregiving Benefit (CRCB) – $450 after taxes withheld per week
- Local Lockdown Program – wage subsidy program to February 12, 2022
Note 3:
BC COVID-19 relief:
- Relief for individuals and families
- Relief for businesses, NPOs and community organizations
- BC Tourism Accommodation and Commercial Recreation Relief Fund – application is due February 14, 2022
- BC COVID-19 Closure Relief Grant of $1,000 to $20,000 – application is due February 28, 2022 (or earlier if the funding is all committed)
More information on loans, grants, and other supports, as well as links to some of the federal benefits listed above, can be found on the Government of British Columbia Economic Recovery page.
Article written by Lori Oliver, CPA, CA