The due date for your GST/HST payment in Canada depends on your filing period and whether you are a quarterly or annual filer. Here’s a breakdown:
Quarterly Filers:
Your GST/HST return and payment are due **one month after the end of your reporting period**. For instance, if your reporting period ends on August 31st, your return and payment are due by September 30th.
Reporting Periods:
Quarter | Reporting Period | Due Date
- 1st Quarter – January – March/April 30th
- 2nd Quarter – April – June/July 31st
- 3rd Quarter – July – September/October 31st
- 4th Quarter – October – December/January 31st
Annual Filers:
Payment Due Date: Three months after your business’s fiscal year-end.
Example:
Quarterly Filer: If your reporting period is January 1 to March 31, your GST/HST payment is due on April 30th.
Annual Filer: If your business’s fiscal year-end is December 31st, your GST/HST payment is due on March 31st.
Additional Factors:
- Voluntary Disclosure Program: If you are making a disclosure under this program, different deadlines may apply.
- Specific situations: Certain situations, like starting a new business, might have unique requirements. It’s best to consult the CRA or a tax professional for clarification.
Resources:
- Canada Revenue Agency (CRA) website: The CRA website provides comprehensive information about GST/HST, including payment deadlines and methods.
- My Business Account: Registered businesses can view their GST/HST account details and make payments online through the CRA’s My Business Account portal.
- Tax professionals: Consult a tax professional for personalized advice and assistance with your GST/HST obligations.
Remember, it’s crucial to pay your GST/HST on time to avoid penalties and interest charges. Keep track of your filing period and due dates to ensure compliance.
