Corporate Tax Filing Deadlines in Canada: What Businesses Must Know | Taxccount Canada
Corporate taxes in Canada run on two clocks: the T2 return filing deadline and the tax payment deadline. Many owners blur the two, then get hit with penalties or instalment interest. A clean system starts with knowing your fiscal year-end. The T2 return is due six months after that date, but any balance owing is typically payable within two or three months, depending on small-business status. For a December 31 year-end, the return is due June 30, while taxes are usually payable by March 31 if you’re a small business, or by February 28 for most other corporations. Good corporate tax filing is less about last-week scrambling and more about steady preparation. Keep bookkeeping current, reconcile HST and payroll accounts monthly, and store invoices for major purchases so deductions are easy to support. If you plan year-end bonuses, approve and document them before the fiscal close to claim the deduction properly. If you use dividends, keep directors’ resolutions and track your capit...