Jan 1
To file 2023 NR6 forms to reduce non-resident rent withholding tax
Tax Deadlines
Keep on top of your tax deadlines and ensure you’re well prepared for any due dates. Find all of the Canadian and U.S., corporate and individual tax deadlines below, in an up-to-date calendar prepared by our team of tax consultants for you.
I am looking for:
DATE
TAX DEADLINES
Jan 1
To file Form T1213 to reduce payroll withholdings
Jan 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
Feb 2
To file the 2022 Vancouver Empty Homes Tax declaration
Feb 2
To pay 2023 Vancouver advance property taxes
Feb 28*
To file 2022 T4s, T4As, T4A-NRs, and T5s with the CRA
Mar 1
To make 2022 RRSP contributions. The 2022 contribution limit is $29,210 (but capped at 18% of your prior year’s earned income)
Mar 15
To pay the first 2023 personal income tax installment
Mar 31*
To file 2022 NR4s (payments to non-residents) with the CRA
Mar 31*
To file 2022 T3 Trust returns with the CRA (see Note 1)
Mar 31*
To file 2022 T5013 Partnership Information Returns with the CRA (unless all partners are corporations, then five months after the fiscal year)
Mar 31*
To file 2022 GST returns for companies who are annual filers with a December 31 year-end
Mar 31
To file 2022 BC Speculation and Vacancy Tax declarations
Apr 15*
To file 2022 US individual income tax returns or request a 6-month extension
Apr 15*
To file 2022 Report of Foreign Bank and Financial Accounts, FinCEN report 114 (formerly FBAR), for US citizens living in Canada
Apr 30*
To file 2022 T1 personal income tax returns (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
Apr 30*
The balance of income tax and GST remittances for self-employed persons (after required instalments)
Apr 30
To file Underused Housing Tax return with the CRA
Apr 30
To pay any Underused Housing Tax you owe for the previous calendar year
May 31*
To file 2022 T5013 Partnership Information Returns with the CRA for partnerships with a December 31 fiscal year and whose members consist solely of corporations
Jun 15
To pay the second 2023 personal income tax installment
Jun 15*
To file 2022 T1 personal income tax returns (including T1135 foreign reporting) where the taxpayer or taxpayer’s spouse/common-law partner has self-employed business income
Jun 15*
To file GST/HST returns for self-employed individuals who are annual filers with a December 31 year-end
Jun 15*
To file 2022 US individual income tax returns for US citizen or resident alien residing abroad and US non-resident with no wage withholding tax
Jun 30*
To file 2022 T2 returns for companies who are annual filers with a December 31 year-end (see Note 1)
Jun 30*
Non-residents to file their elective 2022 Canadian tax return for Canadian source rent**, pension income, and acting income
Jul 5
To pay 2022 BC Speculation Tax owing (if any)
Jul 5
To pay 2022 Vancouver property taxes, claim grants, complete or apply for deferment application
July 5
To make a late 2021 declaration for Vancouver Empty Homes Tax
Sep 15
To pay the third 2023 personal income tax installment
Oct 15*
To file a 2022 US individual income tax return (1040) for which an extension was filed
Oct 15*
To file a 2022 US Report of Foreign Bank and Financial Accounts for which an extension was filed
Dec 15
To pay the fourth 2023 personal income tax installment
Dec 27
Last trading day in Canada to settle a trade in 2023 for Canadian tax loss selling (may change – please check with your investment advisor/broker)
Dec 27
Last trading day in the US to settle a trade in 2023 for Canadian tax loss selling (may change – please check with your investment advisor/broker)
Dec 31
To make 2023 contributions to a Registered Education Savings Plans (RESP)
Dec 31
To make charitable donations for the 2023 calendar year
*If the deadline falls on a Saturday, Sunday or a holiday, taxpayers have until the next business day to file.
**If the non-resident filed a 2022 NR6 to reduce withholdings on rental income, then filing is mandatory, 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, 2023 for a December 31, 2022 year-end)
- T3 Returns for estates with a non-calendar year – due 90 days after the fiscal year