02/25/2025
Missing tax deadlines can result in penalties and interest charges, impacting your business’s financial health.
Here are key tax deadlines for Canadian businesses to keep in mind for 2025:
- T4 and T5 Slips: These must be issued to employees and shareholders by February 28, 2025. Ensure all information is accurate to avoid corrections and delays.
- Personal Tax Returns: For most individuals, including sole proprietors, personal tax returns are due by April 30, 2025. However, if you or your spouse run a business, you have until June 15, 2025, but any balance owing is still due by April 30.
- Corporate Tax Returns: Depending on your fiscal year-end, corporate tax returns are generally due six months after the year-end date. Ensure you’re on top of your specific deadline.
- GST/HST Filings: Filing frequencies vary (monthly, quarterly, annually) based on your revenue. Keep track of your specific due dates to avoid late penalties.
Staying ahead of these deadlines is crucial for maintaining good financial standing. Our team can help you prepare and file on time, ensuring compliance and peace of mind.
Book a consultation with us today at https://bmaccountingservices.ca/