As a small business owner in Canada, you may be wondering when your taxes are due. Here’s a quick overview to help you out.

Depending on the structure of your business, your taxes may be due at different times throughout the year. For example, sole proprietorships and partnerships generally have to file their taxes by June 15, while corporations have until the end of February to file their corporate tax return. GST/HST returns are also due at various times throughout the year, depending on your filing frequency.
To make things a bit more complicated, there are also different due dates if you’re self-employed or if you have employees. So it’s important to know what applies to your situation.
If you’re unsure about when your taxes are due, the best thing to do is talk to an accountant or get in touch with the Canada Revenue Agency (CRA) for more information. They can help you figure out what dates apply to you and make sure that you’re on track with your filing obligations. Thanks for reading and we hope this helps!

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As a small business owner in Canada, you have to file your taxes once a year.

The deadline to file your taxes in Canada annually may seem intimidating. At the same time, however, it can also be rewarding to take stock of the progress you’ve made throughout the year. Knowing when and how to file your taxes is critical for successful tax filing. Generally speaking, Canadian small businesses have their taxes due by June 15 each year. There are also potential changes in filing rules and deadlines depending on your province or territory, so make sure to do your research! Tap into local resources such as government websites and small business associations for more information. Thankfully, keeping track of when taxes are due doesn’t need to be overwhelming. With a little diligence and research you can stay ahead of the tax game in no time!

The tax deadline is usually April 30, but it can vary depending on the type of business you have.

It’s that time of year again! Tax season is quickly approaching and it’s important to know when the deadline for filing tax returns for small businesses in Canada is. Generally speaking, taxes must be filed and paid by April 30 — but there are exceptions. Depending on the type of business you have, like if you are self-employed as a sole proprietor, incorporated or part of a partnership, your tax deadline could be different. It’s important to talk to your accountant or financial advisor to ensure you’re on top of the deadlines and filing correctly!

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If you’re self-employed, you have to file your taxes by June 15.

If you’re self-employed, mark June 15 on your calendar – that’s the deadline to file your taxes! But don’t panic if you haven’t started preparing yet – there are plenty of options available to make the process easier. Organizations such as the Canada Revenue Agency provide helpful tools such as webinars and worksheets to assist in ensuring proper tax filing is complete. Additionally, many companies offer software systems designed specifically for small businesses, designed to make tax filing a breeze. Whatever option you choose, be sure to take care of your taxes by June 15 so there aren’t any unnecessary penalties or hassle down the line.

There are different types of taxes that you might have to pay as a small business owner, including income tax, GST/HST, and payroll tax.

There’s a certain amount of pressure for Canadian small business owners — it can feel like taxes are constantly nipping at your heels. You have to stay on top of all the different types of taxes and make sure that you pay them on the proper date. Income tax must be filed by April 30 every year, GST/HST is due either quarterly or annually depending on your circumstances, and then there’s payroll tax if you’re an employer. Keeping track of these deadlines can be overwhelming, but if you take the time to get organized and fully understand what needs to be done when, navigating the world of taxes doesn’t have to be daunting.

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You can use an accountant or bookkeeper to help you with your taxes, or you can do them yourself using online tax software like TurboTax or UFile.

There are two main options to make sure you get your taxes right and turn them in on time:

  • hire an accountant or bookkeeper
  • take care of it yourself using online tax software like TurboTax or UFile.

Both are viable options – they just come with different levels of cost, time investment and expertise. An accountant or bookkeeper will be more expensive, but can save you both time and hassle in the long run. Meanwhile, online tax software is a more affordable option that comes with great customer support. Whichever route you choose, make sure to submit your taxes before their due date — otherwise, you could face hefty penalties come tax time.

It’s important to keep track of your expenses throughout the year so that you don’t end up owing money come tax time.

Keeping track of each and every expense your business incurs can be a daunting task, but it is extremely important if you want to stay on top of things when tax time rolls around. Small businesses in Canada have to file their taxes by either April 30 or June 15, depending on the type of business they operate. With that timeline in mind, it’s easy to see why keeping track of expenses throughout the year can get you prepared for any bumps in the road come tax season. Creating a record keeping system that works for you, complete with dates and descriptions, will save all kinds of headaches down the line and help ensure deadlines are met without any last minute scrambling.

APOLLO Insurance can’t file your taxes for you, but we can protect your small business with effortless, affordable insurance solutions. All it takes is five minutes to complete a free quote and we’ll have your policy emailed directly into your inbox.

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