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Important Deadlines for 2012 RRSP, T4 & Tax Returns

February 23rd, 2012

Another tax year has come and gone, though it seems hard to believe it’s that time of year again already!

Please be mindful of the following deadlines related to contributions to RRSPs, distributing T4 slips, along with filing deadlines for 2011 tax returns for individuals and self-employed persons.

RRSP Contribution Deadline
February 29, 2012 is the deadline for contributing to an RRSP for the 2011 tax year.

T4 Slip Distribution Deadline
You must give employees their T4 slips on or before the last day of February following the calendar year to which the slips apply. If you do not, you may be subject to a penalty.

Individual Tax Return Deadline
Individual returns for 2011 must be filed on or before April 30, 2012.

Self-Employed Persons Tax Return Deadline
If you, or your spouse or common-law partner, carried on a business in 2011, your return for 2011 must be filed on or before June 15, 2012. However, if you have a balance owing for 2011, it must be paid on or before April 30, 2012.

CLICK HERE FOR MORE INFORMATION FROM CANADA REVENUE AGENCY >>


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