First Quarter

January 31
Pay intra-family loan interest related to previous taxation year, to avoid income attribution.

February 14
Reimburse employer for company car operating costs, to reduce operating benefit for the previous calendar year (optional).

February 15
Deadline for employees who acquired qualified publicly listed shares under employee stock option plans in 2003 to file a letter indicating their intention to defer related benefits.

February 28
Last day to report personal use for previous calendar year if personal distance traveled was less than 12,000 kilometres and at least 90 per cent of distance was for business purposes, in order to reduce standby charge for company car (optional). For practical purposes, however, taxpayers who choose to make this report should do so by mid-February.

Last day to issue T4s, T4As and T5s to persons and Canada Revenue Agency (CRA).

March 1
Last day to make personal and spousal RRSP contributions applicable to previous taxation year.

March 15
First quarter installment due from taxpayers who are required to remit quarterly.

March 30
File Trust Income Tax Return for trusts with a December 31 year-end.

Second Quarter

May 2
File Personal Income Tax return for previous taxation year and remit balance due, if any, to Canada Revenue Agency (CRA). File GST rebate application for employee-related expenses deducted in previous taxation year.

June 15
Second quarter installment due from taxpayers who are required to remit quarterly. Due date for personal tax returns of individuals with self-employed business income, or spouses/common-law partners of taxpayers with self-employed business income. (Payment of tax balance still due May 2.)

Third Quarter

September 15
Third quarter installment due from taxpayers who are required to remit quarterly.

Fourth Quarter

December 15
Fourth quarter installment due from taxpayers who are required to remit quarterly.

December 30
Annual tax installment due from individuals whose chief source of income is farming or fishing, and who choose not to remit quarterly.
Deadline for taxpayers age 69 (born in 1935) to ensure 2004 contributions to their own RRSP are made. It is also the deadline for such individuals to convert their RRSPs to either RRIFs or life annuities. (Such individuals should, however, consult a CGA who practices personal financial planning in advance of that date to discuss the various options available to them).

Deadline for taxpayers who qualify to have the operating cost benefit with respect to an automobile used for employment, calculated as half the amount of the annual standby charge, to notify their employer, in writing, of such intentions.

Ensure tax-deductible fees (e.g. accounting, investment counsel, interest carrying charges and safety deposit box), expenses, (e.g., employee-related moving expenses) and credits (e.g., for charitable donations) for current taxation year have been paid.