The following Canadian tax dates for insurance companies are based on a December 31 fiscal year end. Deadlines falling on holidays or weekends may be extended to the next business day. (Filing dates for miscellaneous matters affecting insurers in Canada, such as provincial taxes, licences, fees, permits and municipal taxes, are not covered.)
Footnotes
1. Canadian-controlled private corporations can pay federal and Quebec instalments quarterly (rather than
monthly) if certain conditions are met.
2. The payer in a transaction with a non-resident is required to remit withholding tax on or before the 15th
of the month following the month the amount was paid or credited to the non-resident.
3. GST 111 Schedule 1 must be filed by financial institutions that are GST/HST registrants and have total
annual revenues exceeding $1 million. Penalties may apply to returns that are required to be filed after
June 29, 2010.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
