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Scarborough · Mississaugatlf@teleshlawfirm.ca
Compliance deadlines

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.

The last day of your financial year. Often December 31, but it can be any month end.
Where the corporation is incorporated
Incorporated elsewhere? The tax dates still apply; the annual return does not.
GST/HST reporting period
How often you file HST. CRA assigned this; it is on your CRA business account.
Most small Canadian-owned corporations do. It can buy an extra month to pay the tax bill, though conditions in section 248(1) decide it.

What you will get

  1. GST/HST return and payment

  2. Corporate tax balance

  3. T2 corporation income tax return

  4. Ontario annual return

  5. 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.

Your counsel
  • Caleesis Telesh
    Founder & Principal Lawyer
  • Shaneisha Mattis
    Foreign Trained Lawyer
  • Diego Herrera
    Internationally Trained Lawyer
  • Daniel Osei
    Student Legal Assistant
The person reviewing your matter is the person who answers your call. Meet the team →
Paid one-hour consultationRates set out in writing before work beginsCounsel in eight languagesSaturday by appointmentReplies within one business day
More about the firm
Hours
Telesh Law Firm Professional Corporation is open Monday – Friday 9:00 AM – 6:00 PM. Saturday by appointment. Sunday closed. Consultations are booked in advance; walk-ins are not seen without an appointment.
Offices
Telesh Law Firm has two offices: the Scarborough office at 1585 Markham Road, Scarborough, ON M1B 2W1, and the Mississauga office at 2960 Drew Road, Unit 139, Mississauga, ON L4T 0A5. Call 416-639-0887 or 416-299-8088, or email tlf@teleshlawfirm.ca.
Consultation and rates
Telesh Law Firm offers a paid one-hour consultation: a full review of your matter with a lawyer, so you leave knowing where you stand and what your options are. Rates for the work that follows are set out in plain language before any work begins.
Response time
A member of the team responds to consultation requests within one business day. For an urgent corporate law matter, call rather than write.
Languages
Counsel is available in eight languages: English, Hindi, Urdu, Farsi (Persian), Punjabi, Spanish, and Tamil.
Courts
Telesh Law Firm appears in the Ontario Court of Justice, the Superior Court of Justice, and Small Claims Court in Toronto and across the Greater Toronto Area.
Licensing
Telesh Law Firm Professional Corporation is a member of the Law Society of Ontario. Caleesis Telesh, Founder & Principal Lawyer, is an Ontario licensed lawyer. The firm is also a member of the Canadian Bar Association, Criminal Lawyers' Association, Canadian Immigration Lawyers Association, and Durham Region Law Association.
Clients from
Corporate Law clients come to Telesh Law Firm from the Greater Toronto Area, including Scarborough, Mississauga, Toronto, Brampton, Milton, Newmarket, Oshawa, Barrie, Guelph, Hamilton, and Bracebridge.
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Consultations available in eight languages.