Maroof HS CPA Professional Corporation, Toronto

2023 – Important Deadlines

Important deadlines for tax returns in Canada and the U.S.

Important deadlines for 2023 

Please note that these are the deadlines applicable to most taxpayers. Some of the information returns may not be included here. For up-to-date information, please always follow the deadlines communicated to you by your tax preparer or contact at the firm. 

Disclaimer: You must check the reporting requirement and filing deadlines as applicable to you with your tax accountant. The below information is for general and informational purposes. 

Canadian Tax Filing and Payment Deadlines 

Individual Taxpayers

The below deadlines are for taxpayers who have filing requirements with Canada Revenue Agency (CRA).

T1 – Individual income tax return for 2022May 01, 2023
T1 – Individual income tax return for 2022 – For self-employed individuals and/or their spousesJune 15, 2023
Individuals – Income tax payment, including self-employed individuals May 01, 2023
Section 216 income tax returns (non-residents with Canadian rental income) NR6 approved – filing deadline June 30, 2023
Section 216 income tax returns – for CCA recapture on disposed of properties May 01, 2023
Section 216 income tax returns (non-residents with Canadian rental income) – tax payment deadline May 01, 2023
Section 216.1 income tax returns (non-resident Actors) – filing deadline May 01, 2023
Section 216.1 income tax returns (non-resident Actors) – filing deadline – Self-employed June 30, 2023
Section 216.1 income tax returns (non-resident Actors) – tax payment deadline, including self-employed May 01, 2023
Section 217 Income tax returns – filing deadline June 30, 2023
Section 217 Income tax returns – balance owing paymentMay 01, 2023
UHT-2900 – Underused Housing Tax Return for affected owners (Including exemptions) – filing and tax payment.
*(First year relief: no penalties and interest if filed and paid before October 31, 2023) 
Update: Further extended until April 30, 2024.
May 01, 2023*
Information slips filing deadline – Self-employed individuals February 28, 2023
RRSP Contribution – first 60 days of 2023 for the tax year 2022March 01, 2023
 For installments, please consult the information shared at the time of tax preparation Variable

Corporations 

Information Returns: T4, T4A, T5, T4A-NRFebruary 28, 2023
Information Returns: NR4March 31, 2023
Information Returns: T5018 (construction contract payments) – filing due date from reporting period 6 months 
Corporate income tax return – CCPC – filing from the fiscal year-end date 6 months 
Corporate income tax return – CCPC – payment due from the fiscal year-end date3 months
All other corporations – Corporate income tax return due 3 months 
All other corporations – Corporate income tax payment due 2 months 
UHT-2900 – filing and payment due 
**Extended until April 30, 2024
May 01, 2023**
GST/HST Returns, payroll source deductions, and other withheld amounts follow the corporation-specific schedule Variable 
Installments both income tax and GST/HST, follow the instructions of the tax preparer or CRA-issued scheduleVariable 

International Information Returns 

T1135  – Foreign assets verification statementDue with Tax Return 
T1134 – Controlled and non-controlled foreign affiliates Within 10 months of the tax year-end 
T106 – Transfer pricing – Individuals Individual T1 deadline 
T106 – Transfer pricing – Corporations6 months after the tax year-end
RC4649 – Country-by-country report12 months after tax year-end 

U.S. Tax Filing Deadlines 

Please note that these are the deadlines for most people. Some information returns, forms, or tax returns, not mentioned here, may have different deadlines. Always consult your tax preparer to determine the correct filing dates. 

1040 – U.S. resident aliens, citizens, and green card holders living in the U.S. to file a tax return or an extensionApril 18, 2023
Deadline to pay taxes and file extensions (file the form to request an extension)April 18, 2023
1040 – for U.S. citizens and residents, who are Canadian tax residents and abode in Canada (Verify with your tax advisor please)June 15, 2023
  
Extended deadline for properly requested extensions
*****California storm victims have an automatic extension until November 16, 2023.
Special extensions for the taxpayers affected by the attacks in Israel are listed here. 
October 16, 2023****
Form 3520-A filing deadline for certain TFSA, and RESPs holders, or any other applicable trust and gift filingsMarch 15, 2023
To make treaty-based positions on form 8833Same as the tax return 
FinCen 114 FBAR Filings – default April 18th with an automatic extensionOctober 16, 2023
1040-NR filers – received U.S. wages subject to withholding April 18, 2023
1040-NR filers – did not receive U.S. wages subject to withholding June 15, 2023
1040-NR filers – extended deadline (request extension)October 16, 2023
A closer connection statement for snowbirds, attach to 1040NRsame as 1040NR
Canadian corporation filing 1120F15th day of the 4th month after fiscal year end (FYE)
Canadian corporation filing 1120F, with no office or place of business (be careful, follow instructions on EIN Letter)15th day of 6th month after FYE
Form 5472 for U.S. LLCs treated as disregarded entities same as the 1120F deadline
U.S. Partnerships or U.S. LLCs treated as partnerships- 1065 (for extension check with your cross-border accountant if 7004 can be filed)15th day of 3rd month 
8804, and 8805 for partnerships March 15th (extensions possible)
Fatima Aslam

Fatima Aslam

Fatima Aslam writes exclusively for Maroof HS CPA Professional Corporation and Innovation Hub on common topics related to business.

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Fatima Aslam

Fatima Aslam

Fatima Aslam writes exclusively for Maroof HS CPA Professional Corporation and Innovation Hub on common topics related to business.

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