Reliable Tax

Filing Deadlines

Personal taxes (T1) without business income: last day of April

Since April 30, 2023 is a Sunday, taxes will be due Monday, May 1

Personal taxes with business income: June 15

If balance owing, interest but no penalties if filed by June 15

If any expected balance owing is paid by April 30, no interest

The same rules apply to spouse or CL partner

Corporate taxes (T2): dependant on year end

Corporate filing deadline information

Trust return (T3): last day of March

New Residents – Medical Services Plan (MSP)

On January 1, 2020, British Columbia eliminated MSP premiums for permanent residents.

Although there is no separate cost associated with MSP for permanent residents in our province, all BC residents must have a BC Personal Health Number and be enrolled in MSP regardless.

If you are moving to BC from another province, you will also need a BC Personal Health Number and to enrol in BC MSP.

New Residents – Goods and Services Tax Credit (GST)

To determine eligibility for GST payments, the Canada Revenue Agency may ask for information regarding your income prior to arriving in Canada. We recommend completing Form RC151, GST/HST Credit Application for Individuals Who Become Residents of Canada prior to that to minimise payment wait times while the CRA determines eligibility.

If you have children, Form RC66, Canada Child Benefits Application will need to be completed instead.

FAQs

Reliable Tax offers a comprehensive range of tax preparation services to cater to the needs of both individuals and businesses. Our services include individual tax preparation, which helps you file your personal tax returns accurately and efficiently. We also provide business tax preparation services to help small business owners file their taxes correctly and stay compliant with the law. Our audit support services are designed to provide you with the support you need during the auditing process, while our tax planning and consulting services help you maximize your savings and stay ahead of the tax game.

At Reliable Tax, we believe that everyone should have access to professional tax preparation services, regardless of their budget. That's why we offer the best tax preparation services at prices that are affordable and won't break the bank. Whether you're an individual or a small business owner, you can count on us to provide you with the best value for your money.

Yes, at Reliable Tax, we understand that the auditing process can be stressful and overwhelming. That's why we offer audit support services to help you through the process. Our team of experts will provide you with the support and guidance you need to ensure a smooth experience. Whether you need help preparing for an audit or need someone to represent you during the audit, we're here to help.

While taxes can be filed up to 10 years late, there may be interest and penalties if the filing deadline is missed. If the CRA has sent you a Demand to File letter, these penalties may increase.

If the deceased passed prior to November 1 of the tax year, the final T1 return is due at the normal time. If they passed November 1-December 31, the return is due six months past the date of death.