Financial Calendar for Canadian and Quebec Businesses
Managing finances and meeting tax obligations is a cornerstone of running a successful business in Canada.
Whether you’re self-employed, running a corporation, or managing a trust, staying on top of financial deadlines
ensures compliance with federal and provincial regulations while avoiding costly penalties.
Our financial calendar highlights critical dates for businesses across Canada and Quebec, helping you plan
ahead and streamline your financial processes.
| FORMS/RETURNS | DEADLINE |
|---|---|
| Deadline to contribute to your RRSP | February 28 |
| Filing Personal Income Tax Return | April 30 of the following calendar year |
| Filing Income Tax Return for self-employed individuals or for individuals whose spouse operates a business | June 15 of the following calendar year |
| Filing Corporate Income Tax Return | Six months following taxation year end |
| Filing Income Tax Return for a trust or an estate | 90 days following taxation year end |
| Payment of Corporate Income Tax and Capital Tax due | Two months after the end-date of the corporation’s fiscal period |
| Payment of Corporate Tax Installments (Income Tax and Capital Tax) | Monthly or quarterly; please check Revenue Quebec or Canada Revenue Agency |
| Payment of Individual or Self-employed Income Tax | April 30th of the following calendar year |
| Payment of Individual and Self-employed Tax Installments (Income Tax) | Quarterly, on March 15, June 15, September 15 and December 15 |
Why a Financial Calendar is Essential for Your Business
- Avoid Late Penalties: Missing deadlines for filing taxes or submitting installments can lead to hefty fines and interest charges.
- Streamline Cash Flow Management: Knowing when payments are due helps you allocate resources and manage your cash flow effectively.
- Ensure Compliance: Federal and provincial requirements are different—understanding deadlines specific to Quebec ensures you meet all obligations.
- Save Time: A clear calendar reduces last-minute scrambling and helps you prepare documents and finances in advance.
Key Financial Deadlines for Canadian and Quebec Businesses
Here are some of the most important financial deadlines to mark on your calendar:
- February 28: Deadline to contribute to your RRSP to reduce taxable income for the previous year.
- April 30: Filing Personal Income Tax Return for most individuals and self-employed taxpayers.
- June 15: Deadline for self-employed individuals to file their tax returns (note: any tax amounts owing are due April 30).
- 90 Days After Year-End: Filing deadline for trusts or estates.
- Six Months After Year-End: Filing deadline for corporations.
- Quarterly Installments: Payment of individual and corporate tax installments (March 15, June 15, September 15, December 15).
Stay Ahead with These Tips
- Set Reminders: Use digital tools or calendar apps to set alerts for upcoming deadlines.
- Work with Professionals: Collaborate with accountants or financial advisors familiar with Canadian and Quebec tax laws.
- Prepare in Advance: Organize your financial records, receipts, and other documents throughout the year to make tax season less stressful.
- Use Reliable Resources: Regularly check the Canada Revenue Agency (CRA) and Revenu Québec websites for updated deadlines and regulations.
Simplify Financial Management with Our Tools and Services
At Acco Financial, we offer tools and services to help Canadian and Quebec businesses stay on
top of their financial obligations. From tax preparation assistance to year-round bookkeeping, our expertise
ensures you never miss a critical deadline.
Contact us today to learn how we can support your business’s financial success.