Your fiscal year end, in dates.
Enter a fiscal year end and get the T2 return, the tax balance, instalments, HST, and the annual return, each with the section it comes from. Ontario and federal corporations.
What you will get
GST/HST return and payment
Corporate tax balance
T2 corporation income tax return
Ontario annual return
Annual resolutions or annual meeting
Enter a fiscal year end.
Dates computed with CRA’s published month arithmetic: a year end on the last day of a month gives the last day of the target month, otherwise the same day of that month. Weekend and holiday shifts follow section 26 of the Interpretation Act.
Not covered here
- Payroll source deductions and T4s, which run on their own schedule and are usually the first thing a new corporation misses.
- Ontario Employer Health Tax and WSIB.
- T5s and other information returns, including returns for non-resident transactions.
- Anything to do with an associated group sharing a business limit, which is exactly what makes the three-month balance date conditional.
- Provinces other than Ontario. The federal tax dates still apply; the provincial annual return does not. Ontario filings go through the Ontario Business Registry, and federal ones through Corporations Canada.
These dates come from the general rules in the Income Tax Act, the Excise Tax Act, the Corporations Information Act and the Business Corporations Act. They assume a straightforward Ontario or federal corporation with no associated companies, no elections, and no CRA-assigned exception. The three-month tax balance date depends on conditions in section 248(1) of the Income Tax Act that turn on your associated group's taxable income, so treat it as conditional until your accountant confirms it. This is not tax advice, and it is not a substitute for your accountant or for your own CRA and Ontario Business Registry accounts.
Missing the T2 by a month is a penalty. Missing the Ontario annual return for five years is a corporation that may have been dissolved without anyone telling you. If you are not sure when you last filed, Telesh Law Firm Professional Corp can check the registry and fix it.