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Accounting FAQ
What are the important dates in accounting?
February 28 — If you have employees, file your T4 and T4A information returns by this date. Also, give your employees their copies of the T4 and T4A slips by this date.
March 15 — Make your first installment payment by this date.
March 31 — Most partnerships will file a partnership information return by March 31.
April 30 — Pay any balance owing for the previous year by this date. Also, file your income tax return if the expenditures of the business are mainly the cost or the cost or the capital cost of tax shelter investments.
June 15 — Make your second installment payment by this date. Also, file your income tax return by this date if you have self-employment income or if you are the spouse or common-law partner of someone who does, unless the expenditures of the business are mainly the cost or the capital cost of tax shelter investments. Remember to pay any balance owing by April 30, to avoid interest charges.
July 1 — If you’re working in construction area and have subcontractors, file your T5018 information return by this date. Also, give your subcontractors their copies of the T5018 slips by this date.
September 15 — Make your third annual installment payment by this date.
December 15 — Make your fourth annual installment payment by this date.
More Accounting Questions and Answers
What are the requirements to the documents if I work as a self-employed?
How I can determine what expenses I claim and what I don’t?
Do I need to register for the GST (Goods and Services Tax)?
Do I need to register for the PST (Provincial Sales Tax)?
As a self-employed individual do I need to pay installment payments?
What are the important accounting dates in my calendar?