*Note: Government documents are updated regularly, so it is important to always check that you have the latest version. If you need assistance with this, please call or make an appointment.
Personal Income Declaration | |||
Individual taxpayer | Deadline | ||
Tax owing ( Tax payment deadline ) | Tax return | Drop-off Date
| |
Individual (개인)* | Apr 30 | Apr 30 | Apr 15 |
Proprietor* (개인사업자) | Apr 30 | Jun 15 | Apr 01 |
* If you haveoverseas assets , area self-employed person , or have noincome taxto pay,you mustreportby April 30th . Ifyou are latein reporting , youmaybefinedper day , up toa maximum of $2,500 . Ifintentionallyfailto report , youmaybefinedper month , up toa maximum of $12,000 .
Corporate tax return | |||
Corporate Year End | Deadline | Drop-off Date
| |
Tax owing ( Tax payment deadline ) | Corporate return ( Tax filing deadline ) | ||
Jan 31 | Apr 30 | Jul 31 | Mar 31 |
Feb 28 | May 31 | Aug 31 | Apr 30 |
Mar 31 | Jun 30 | Sep 30 | May 31 |
Apr 30 | Jul 31 | Oct 31 | Jun 30 |
May 31 | Aug 31 | Nov 30 | Jul 31 |
Jun 30 | Sep 30 | Dec 31 | Aug 31 |
Jul 31 | Oct 31 | Jan 31 | Sep 30 |
Aug 31 | Nov 30 | Feb 28 | Oct 31 |
Sep 30 | Dec 31 | Mar 31 | Nov 30 |
Oct 31 | Jan 31 | Apr 30 | Dec 31 |
Nov 30 | Feb 28 | May 31 | Jan 31 |
Dec 31 | Mar 31 | Jun 30 | Feb 28 |
GST Reporting | |||
GST Business | Deadline | Drop-off Date
| |
GST owing ( Tax payment deadline ) | GST filing ( Tax filing deadline ) | ||
Monthly filer ( every month ) | 1 month | 1 month | 2 weeks before deadline |
Quarterly filer ( Quarterly ) | 1 month | 1 month | 2 weeks before deadline |
Annual filer ( Annual – Corporation ) | 3 months | 3 months | 1 month before deadline |
* For individual business ownerswho fileannual GST returnsthe deadline for filing GST returns and individual returns is June 15.However, if you have GST surtax,youmust pay itbyApril30. Therefore , please submityour individual returnand GST return materialsby April 1 at the latest.
Report T4, T4A, T5, T5018 | ||
Deadline (Deadline for reporting) | Tax slips | Drop-off Date |
Jan 31 | T5018 | Jan 15 |
Feb 28 | T4, T4A, T5 | Feb 10 |
WCB | |||
Quarterly filer (quarterly report)* | Yearly filer (annual report) | ||
Reporting period (Reporting period) | Deadline (Reporting/Payment Deadline) | Account ending (Last account number) | Deadline (Reporting/Payment Deadline) |
Jan – Mar | Apr 20 | 00-19 | Mar 03 |
Apr – Jun | Jul 20 | 20-39 | Mar 05 |
Jul – Sep | Oct 20 | 40-59 | Mar 07 |
Oct – Dec | Jan 20 | 60-79 | Mar 09 |
Jan – Dec (Annual Report) | Feb 28 | 80-99 | Mar 11 |
* If your annual WCB insurance premium exceeds $3,000 , you are required to report / pay quarterly .
EHT (Employer Health Tax) Reporting | ||||
Total salary | Reporting target | Prepayment target | ||
1. $0.00 – $499,000 | No | No | ||
2. $500,000 – $599,999 | Yes | No | ||
Reporting period | Payment deadline | |||
Jan – Dec | Mar 31 (Following year) | |||
3. $600,000 over | Yes | Yes | ||
Reporting period | Payment deadline | Deadline | Deposit amount | |
Jan – Dec | Mar 31 (Following year) | Jun 15 | 25%* | |
Sep 15 | 25%* | |||
Dec 15 | 25%* | |||
* The advance payment amount is 25% of the previous year’s EHT amount or the estimated EHT for this year .
Above forms may help in reducing your income taxes. For instance, a T2200 is mandatory for eligible employees, who can deduct their employment expenses against their employment income.
Individuals: +1 (800) 959-8281
Business: +1 (800) 959-5525
Benefit Inquiries: +1 (800) 387-1193
Website: https://www.canada.ca/en/revenue-agency/corporate/contact-information.html
PST: +Provincial Sales Tax
Business: +1 (604) 660-2421
Employment Insurance: +1 (800) 206-7218
Canada Pension Plan (CPP): +1 (800) 277-9914
Old Age Security (OAS): +1 (800) 277-9914
WorkSafeBC: https://www.worksafebc.com/en
STEP 1: Click [here] to access ‘Payroll Deductions Online Calculator – Canada.ca’ |
STEP 2: Enter the employee name, employer name, and Province. Select the applicable pay period in Pay period frequency (*Be careful not to confuse Bi-weekly with Semi-monthly). Select the last day of the pay period in Date of employee is paid and click Next. |
STEP 3: In the Salary or wages income per pay period field, calculate and enter the wage for the corresponding pay period (working hours x hourly wage or monthly wage). In the Vacation pay field, calculate and enter 4% of the wage you just calculated (BC Province). (*Please check as vacation pay rates may vary by province.) |
STEP 4: Leave the ‘Add a bonus or retroactive payment’, ‘Select any of the following that apply’ and ‘For a member of the clergy, select one of the following’ sections unchanged and click Next below (If there are bonuses or benefits other than the basic wages, please contact our staff separately) |
STEP 5: CPP, EI employees who are exempted check Exempt for each item. Other items such as TD1 Federal and TD1 Provincial tax credit return, EI premium rate, etc. will not be changed. (If you need to check eligibility, please contact our staff separately.) |
STEP 6: Salary calculation: Click Print/Save Result from the options at the bottom of the Result screen to print or save the payroll results. Click Employer Remittance Summary to calculate the taxes you will pay to the government for that month. |
(*Interact, Visa Debit/Debit Master are available, credit card is not available)
(If you have any questions, please contact our staff separately.)
| STEP 1:Click [here] to access ‘Pay now with My Payment – Canada.ca’ |
| STEP 2: Select ‘Pay now’ at the bottom |
| STEP 3: Select ‘Businesses’ → ‘GST/HST’ and click Next |
| STEP 4: Generally, it is assumed that you will pay the applicable GST after filing your tax return for GST, and generally select ‘Payment on filing’. You can click on the question mark to see an explanation of each payment type. |
STEP 5: For CPP and EI, check Exempt for each item for employees who are exempt. (If you need to confirm eligibility, please contact our staff separately.)
*’Balance due’ (if there is an unpaid GST amount), ‘Interim’ (when prepaying GST), ‘Amount owing’ (when paying the amount on the CRA notice/letter regarding unpaid amounts) |
STEP 6:
(Business number (9 digits) + RT0001 or, if there are multiple business locations, it may be RT0002, 0003)
(e.g. when paying GST amount for October – December 2022, Period end = 2022-12-31)
(If you need confirmation, please contact our staff separately.) |
STEP 7: Click ‘Confirm and proceed to pay’ to proceed with payment *CRA My Payment accepts DEBIT Visa, DEBIT MasterCard and INTERAC cards.
Select this option if your card only has the INTERAC logo. Clicking ‘Proceed to online banking’ will connect you to the relevant bank for payment.
*Available Bank: TD/RBC/First Nations Bank of Canada (For credit unions, find the relevant state and union name and enter it) You can make a payment by entering your card number and password and connecting to online banking.
Yes, if your debit card has a VISA or MASTER card logo.
|
STEP 1: Click [here] to access ‘Pay now with My Payment – Canada.ca’ |
STEP 2: Select ‘Pay now’ at the bottom |
STEP 3: ‘Businesses’ → ‘GST/HST’ and click Next |
STEP 4: If you pay your deduction to the government monthly/quarterly, you will generally choose ‘Regular remittance’. Click on the question mark to see a description of each payment type.
*‘Balance due’ (if there is an unpaid balance), Arrears remittance (if you pay the penalty/interest incurred due to late payment) |
STEP 5:
(Business number (9 digits) + RP0001 or, if there are multiple business locations, it may be RP0002, 0003)
*’Balance due’ (when there is an unpaid GST amount), ‘Interim’ (when paying GST in advance), ‘Amount owing’ (when paying the amount on the CRA notice/letter regarding unpaid amounts)
(If you need confirmation, please contact our staff separately.)
|
STEP 6: Click ‘Confirm and proceed to pay’ to proceed with payment *CRA My Payment accepts DEBIT Visa, DEBIT MasterCard and INTERAC cards. Credit cards are not accepted.
Select this option if your card only has the INTERAC logo. ‘Clicking ‘Proceed to online banking’ will connect you to the relevant bank to make the payment.
*Available Bank: TD/RBC/First Nations Bank of Canada (For credit unions, find the relevant state and union name and enter it) You can make a payment by entering your card number and password and connecting to online banking.
.
Yes, if your debit card has a VISA or MASTER card logo. You can make payment by entering your card number, name, and expiration date.
|
Tel : (604) 371-0275
Fax: (604) 371-0379
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