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Canadian Tax Return Deadlines

Canadian Tax Deadlines

INDIVIDUALS

April 30, 2021 – Personal returns without self-employment income

Last day to file Canadian personal income tax returns for individuals without self-employment income.

Note: The filing deadline for personal returns may be later if an individual or spouse died during the year.

BUSINESS OWNERS, INDIVIDUALS WITH SELF-EMPLOYMENT INCOME & SPOUSES OF SELF-EMPLOYED INDIVIDUALS

April 30, 2021 – Payment of Tax

Any tax owing must be paid no later than this date; however, your return is due on June 15, 2021.

June 15, 2021

Deadline to file your personal income tax return with self-employment income. See date above for income tax owing due date.

Note: The filing deadline for personal returns may be later if an individual or spouse died during the year.

CORPORATIONS

Corporation income tax returns (T2’s) are due no later than six months after the business’ year-end.  A corporation’s year-end varies, but the most common year-end is December 31.

Example: If a business has a December 31 year end for its 2020 fiscal year, its filing deadline is June 30, 2021.

PARTNERSHIPS

Partnership Information Returns are due March 31, 2021.

TRUSTS

For a T3 return (Form T3 RET, T3 Trust Income Tax and Information Return) your filing due date depends on the trust’s tax year-end.

You have to file a T3 return, the related T3 slips, NR4 slips, and T3 and NR4 summaries no later than 90 days after the trust’s tax year-end. You should also pay any balance owing no later than 90 days after that year-end.

Example: For a Trust with a calendar year-end (December 31), the due date is March 31, 2021.

OTHER DEADLINES

RRSP Contribution Deadline – March 1, 2021

March 1, 2021 is the deadline for contributing to an RRSP for the 2020 tax year. December 31 of the year you turn 71 years of age is the last day you can contribute to your own RRSP.

Tax-Free Savings Account (TFSA)

The contribution limit for 2021 is $6,000. If you have never contributed to a TFSA and have been eligible since its introduction in 2009, your cumulative contribution room will be $75,500 in 2021. You can find more information about the TFSA on the CRA website on this link: https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/rc4466/tax-free-savings-account-tfsa-guide-individuals.html

NOTE: We will update this resource if any changes are announced due to the ongoing COVID-19 pandemic. 

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