First Quarter Reminders
First of all, did you know that the basic personal exemptions have changed for the 2015 TD1 form? That means you will need to issue new forms to all employees and have them sign and return them.
Now let’s cover your first quarter deadlines so you don’t miss any:
January
Source Deductions
- for December 2014 payroll Regular Monthly Remitters:
-by January 15, 2015 - for Accelerated Threshold 1 Remitters:
-for payroll Dec 16-31, 2014–by January 12, 2015
-for payroll January 1-15, 2015 - by January 26, 2015
GST
- for periods ending December 2014:
-Pay Online and file with a financial institution by January 30, 2015
-NetFile on CRA website by February 2, 2015
NOTE: To avoid any interest charges pay CRA with-in 5 days of filing on the CRA website.
February
Source Deductions
- for January 2015 payroll Regular Monthly Remitters:
-by February 16, 2015
NOTE: Family Day is not a Federal Holiday! Pay by the above date to avoid late penalties or interest. - for Accelerated Threshold 1 Remitters:
-for payroll January 16-31, 2015 – by February 10, 2015
-for payroll February 1-15, 2015 - by February 25, 2015
GST
- for periods ending January 2015:
-Pay Online and file with a financial institution by February 27, 2015
-NetFile on CRA website by March 2, 2015
T4s
- due by February 27, 2015
March
Source Deductions
- for February 2015 payroll Regular Monthly Remitters:
-by March 2016, 2015
- for Accelerated Threshold 1 Remitters:
-for payroll February 16-31, 2015 - March 10, 2015
-for payroll March 1-15, 2015 - March 25,2015
GST
- for periods ending February 28, 2015
-Pay Online and file with a financial institution by March 30, 2015
-NetFile on CRA website by March 31, 2015
One other tip we’ll pass along. If you record these dates on a paper calendar as well as an electronic one, it will assist in always meeting your deadlines – A Happy Thought for the New Year!