Archive for the 'Latest News' Category

RRSP deadline and FAQ 2016

Jan 06 2016 Published by under Latest News

Deadline to contribute to an RRSP for the 2015 tax year:

February 29, 2016.

Total RRSP contributions for 2013 (Statistics Canada):

$37.4 billion.

Number of filers who contributed to RRSP:

5.9 million.

Median contribution:

$3,000.

How much do Canadians have saved in RRSPs (according to Investor Economics):

$1.03 trillion.

Tax planning:

Canada Revenue Agency’s 2015 tax guide.

Tax deadline:

April 30, 2016.

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Important dates for businesses

Jan 06 2016 Published by under Latest News

Dates you should know about that apply to your business activities. These include:

  • when to file income returns
  • when to file information returns
  • when to make payments, including any to your instalment accounts

When the due date for filing a return falls on a Saturday, a Sunday, or a public holiday recognized by the CRA, we consider the return to be filed on time if it is sent to us on the next open business day.

When the due date for making a payment falls on a Saturday, a Sunday, or a public holiday recognized by the CRA, we consider the payment to be made on time if we receive it on the next open business day.

The CRA offers a mobile app that lets you create reminders of dates that are important for your business. For more information, go to Mobile apps.

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