Canadian Tax Return Deadlines

May 2, 2022 – Personal income tax returns (without self-employment income)

Last day to file Canadian personal income tax returns for individuals without self-employment income.

Exception re Preparing Returns for Deceased Persons in 2021

• The filing deadline for personal returns may be later if an individual or spouse died during the year. For more information on the final return due date, please view the Canada Revenue Agency guidance on this link.

May 2, 2022 – Payment of Tax

Any tax owing must be paid no later than this date; however, your return is due on June 15, 2022.

June 15, 2022

Deadline to file your personal income tax return with self-employment income. See date above for income tax owing due date.

Note: The filing deadline for personal returns may be later if an individual or spouse died during the year.

Corporation income tax returns (T2’s) are due no later than six months after the business’ year-end.  A corporation’s year-end varies, but the most common year-end is December 31.

Example: If a business has a December 31 year end for its 2021 fiscal year, its filing deadline is June 30, 2022.

The partnership information return is due by March 31, 2022 if throughout the fiscal period, all partners are individuals.

If, throughout the fiscal period, all partners are corporations, including end members of tiered partnership, the partnership information return is due 5 months after the end of the partnership’s fiscal period.

In all other cases, the partnership return is due the earlier of:

• March 31, 2022 and
• the day that is five months after the fiscal period the partnership ended.

For a T3 return (Form T3 RET, T3 Trust Income Tax and Information Return) your filing due date depends on the trust’s tax year-end.

You must file a T3 return, the related T3 slips, NR4 slips, and T3 and NR4 summaries no later than 90 days after the trust’s tax year-end. You should also pay any balance owing no later than 90 days after that year-end.

Example: For a Trust with a calendar year-end (December 31, 2021), the due date is March 31, 2022.

RRSP Contribution Deadline – March 1, 2022

March 1, 2022 is the deadline for contributing to an RRSP for the 2021 tax year.

December 31 of the year you turn 71 years of age is the last day you can contribute to your own RRSP.

Tax-Free Savings Account (TFSA)

The contribution limit for 2022 is $6,000. If you have never contributed to a TFSA and have been eligible since its introduction in 2009, your cumulative contribution room will be $81,500 in 2022. You can find more information about the TFSA on the CRA website on this link: https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/rc4466/tax-free-savings-account-tfsa-guide-individuals.html