Guides
Guides to CRA deadlines and filings
Nine short guides to the rules that come up most often. Each one answers the question first, then explains it, and links to the CRA page it is based on.
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Guides
Bookkeeping and payroll
When you need to open a CRA payroll account
You need a payroll program account before the first time you pay an employee. What that covers, what it does not, and what happens next.
Read the guide02Bookkeeping and payrollCRA payroll remittance schedules, and what sets yours
Your remitter type decides how often you pay the CRA. Here are the four types, the thresholds behind them, and the due dates for each.
Read the guide03Bookkeeping and payrollWhat a bookkeeper needs from you each month
A short, practical list of what to send a bookkeeper monthly, why each item matters, and what happens when one of them is missing.
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Corporate tax and GST/HST
When your corporate return is due, and what drives the date
A T2 is due six months after your fiscal year-end — but the tax is usually due earlier. Here is how both dates are worked out.
Read the guide02Corporate tax and GST/HSTThe $30,000 GST/HST threshold, and what happens when you cross it
Two different rules apply depending on how you pass $30,000. One gives you a month of warning; the other applies to the sale that took you over.
Read the guide03Corporate tax and GST/HSTWhat a corporate year-end actually involves
Between your last day of trading and a filed T2 there are five distinct steps. Knowing them tells you why a year-end takes as long as it does.
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Personal tax
Personal filing deadlines, and who gets the June date
Most people file by April 30. If you or your spouse are self-employed you file by June 15 — but you still pay by April 30. The gap catches people out.
Read the guide02Personal taxReporting rental income on a personal return
Rental income goes on form T776. What you can deduct, the current-versus-capital distinction, and the choice about claiming depreciation.
Read the guide03Personal taxTuition credits, and how carry-forward works
A student must use enough tuition credit to bring their own tax to zero. What is left can be transferred — up to $5,000 — or carried forward.
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