The following Information are important for those who are doing tax deduction planning for 2004.
Canadian Tax Planning and Filing Deadlines for Ontario Residents ― 2004
First Quarter
January 30
Pay intra-family loan interest related to previous taxation year, to avoid income attribution.
February 14
Reimburse employer for company car operating costs, to reduce operating benefit for the previous calendar year (optional).
February 15
Deadline for employees who acquired qualified publicly listed shares under employee stock option plans in 2003 to file a letter indicating their intention to defer related benefits.
February 28
Last day to report personal use for previous calendar year if personal distance traveled was less than 12,000 kilometres and at least 90 per cent of distance was for business purposes, in order to reduce standby charge for company car (optional). For practical purposes, however, taxpayers who choose to make this report should do so by mid-February.
Last day to issue T4s, T4As and T5s to persons and Canada Revenue Agency (CRA).
March 1
Last day to make personal and spousal RRSP contributions applicable to previous taxation year.
March 15
First quarter installment due from taxpayers who are required to remit quarterly.
March 30
File Trust Income Tax Return for trusts with a December 31 year-end.
Canadian Tax Planning and Filing Deadlines for Ontario Residents ― 2004
First Quarter
January 30
Pay intra-family loan interest related to previous taxation year, to avoid income attribution.
February 14
Reimburse employer for company car operating costs, to reduce operating benefit for the previous calendar year (optional).
February 15
Deadline for employees who acquired qualified publicly listed shares under employee stock option plans in 2003 to file a letter indicating their intention to defer related benefits.
February 28
Last day to report personal use for previous calendar year if personal distance traveled was less than 12,000 kilometres and at least 90 per cent of distance was for business purposes, in order to reduce standby charge for company car (optional). For practical purposes, however, taxpayers who choose to make this report should do so by mid-February.
Last day to issue T4s, T4As and T5s to persons and Canada Revenue Agency (CRA).
March 1
Last day to make personal and spousal RRSP contributions applicable to previous taxation year.
March 15
First quarter installment due from taxpayers who are required to remit quarterly.
March 30
File Trust Income Tax Return for trusts with a December 31 year-end.
