Over the course of the year there are several tax deadlines that may be applicable to you. Where a deadline falls on a weekend or a holiday recognized by the Canada Revenue Agency (“CRA”), the deadline is generally extended to the next business day.
Quarter 1
| January 1 | New TFSA contribution room. |
| January 30 | Deadline to pay interest on a family loan at prescribed interest rates to avoid income attribution. |
| March 1 | Deadline to issue T4s, T4As, and T5s and for issuers of TFSAs to file their annual information returns. |
| March 1 | Deadline to contribute to an RRSP for the 2020 tax year (including Home Buyers’ Plan/Lifelong Learning Plan repayments). |
| March 15 | First quarter personal tax instalment is due. |
| March 31 | Deadline to file NR4s and T3 trust returns. |
Quarter 2
| April 15 |
Deadline to file U.S. individual income tax returns for 2020 or 6-month extension requests. Deadline to file 2020 report of Foreign Bank and Financial Accounts, FinCEN report 114 (formerly FBAR), for U.S. citizens living in Canada. |
| April 30 | Deadline to file personal income tax returns for 2020 where the taxpayer or taxpayer's spouse/common-law partner does not have self-employed business income. |
| June 15 |
Second quarter personal tax instalment is due. Deadline to file personal income tax returns for 2020 where the taxpayer or taxpayer's spouse/common-law partner has self-employed business income. Deadline to file GST/HST returns for self-employed individuals with a December 31 year-end. Deadline to file 2020 U.S. individual income tax returns for U.S. citizen or resident alien residing abroad and U.S. non-resident with no withholding tax. |
Quarter 3
| September 15 | Third quarter personal tax instalment is due. |
Quarter 4
| December 15 | Fourth quarter personal tax instalment is due. |
| December 29 | Last day to settle trades in calendar year 2021 for Canadian tax-loss selling. |
| December 31 |
Contribution deadline for Registered Education Savings Plans (RESP). Deadline to make charitable donations to be claimed for the 2021 tax year. |