Upcoming Tax & Financial Deadlines

April:

• April 30: Usual T1 individual tax filing deadline, but this year’s deadline is May 2.
  • :  Interest relief ends on taxes due on 2020 T1 for pandemic support recipients with taxable income under $75,000; interest will be charged after this date.
  • Form T1135, Foreign Income Verification Statement
  • Late elections for pension income splitting for 2018 expire April 30, 2022
  • T400A: Notice of Objection File on the later of one year after filing due date or 90 days after receipt of Notice of Assessment or Reassessment or Determination

May:

• May 1:  Claim for Canada Recovery Sickness and Caregiving Benefits can be made for Period 84
• May 2: Individual tax filing deadline for 2022
• May 3: Interest is charged on tax balance due
• May 7:  Pandemic supports end, unless extension announced
• May 19: Apply, amend, or increase CRHP claims for Oct 24 to Nov 20, 2021 (CRHP Per.22)
• May 20:  CCB Payment                                                                 
• 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 20:  CCB Payment
• June 23:  Estimated Timeline:  Apply, amend or increase CRHP claims for Nov 21 to Dec 18, 2021 (CRHP Per.23)
• June 30 - Form RC243 TFSA Return and RC243-Schedule A – Excess TFSA Amounts