Sharpen Your Skills This Spring! Tax Dates You Need to Know

It’s officially the beginning of tax season 2024, and there are some important dates to note to sharpen your skills and prepare to help your clients improve their financial lives. Mark your calendar!

May

• May 1:     T1 Tax Filing Deadline for 2023 - Individuals
• May 2:     Interest is charged on tax balance due – note 9% prescribed interest rate
• May 19:  CCB Payment
• May 24:  KB CE Summit: Retirement & Estate Planning – plus March 2023 Detailed Budget Analysis – early-bird deadline May 15
• May 29:  CPP, OAS, GIS benefits payment date          
• May 30:  Canada Veterans’ Disability Benefit payment date       
• Prepare - Will and estate planning review

June

• June 15:  T1 proprietorship filing deadline, quarterly tax instalment remittance, Closer Connection Exception Statement for Aliens (IRS Form 8840); extension to file US tax return (IRS Form 4868)
• June 15:  KB Specialized Credentials – Spring Session Ends:  Register by this date to save an additional $100 on tuition fees.
• June 20:  CCB Payment
• June 28:  CPP, OAS, GIS benefits payment date
• June 29:  Canada Veterans’ Disability Benefit payment date
• June 30:  Form RC243 TFSA Return and RC243-Schedule A – Excess TFSA Amounts
• June 30:  DAC early-bird deadline