2021 tax due date calendar
Kristofer Jensen
Senior Wealth Advisor, Portfolio Manager | Jensen Investment Management | Providing insight into the market to help individuals navigate the building and preserving of wealth
Q1
January 1
- New TFSA contribution room.
January 30
- Deadline to pay interest on a family loan at prescribed
interest rates to avoid income attribution.
March 1*
- Deadline to issue T4s, T4As, and T5s and for issuers of TFSAs
to file their annual information returns.
March 1
- Deadline to contribute to an RRSP for the 2020 tax year (including
Home Buyers’ Plan/Lifelong Learning Plan repayments).
March 15
- First quarterly personal tax instalment is due.
March 31
- Deadline to file NR4s and T3 trust returns.
Q2
April 15
- Deadline to file U.S. individual income tax returns for 2020 or
6-month extension requests.
- Deadline to file 2020 report of foreign Bank and Financial
Accounts, FinCEN report 114 (formerly FBAR), for US citizens
living in Canada.
April 30
- Deadline to file personal income tax returns for 2020 where
the taxpayer or taxpayer’s spouse/common-law partner does
not have self-employed business income.
June 15
- Second quarterly personal tax instalment is due.
- Deadline to file personal income tax returns for 2020 where
the taxpayer or taxpayer’s spouse/common-law partner has
self-employed business income.
- Deadline to file GST/HST returns for self-employed
individuals with a December 31 year-end.
- Deadline to file 2020 U.S. individual income tax returns for
U.S. citizen or resident alien residing abroad and U.S. nonresident
with no withholding tax.
Q3
September 15
- Third quarter personal tax instalment is due.
Q4
December 15
- Fourth quarter personal tax instalment is due.
December 29
- Last day to settle trades in calendar year 2021 for Canadian
tax-loss selling.
December 31
- Contribution deadline for Registered Education Savings Plans
(RESP).
- Deadline to make charitable donations to be claimed for the
2021 tax year.
Important reminders
2021 TFSA limit: $6,000 | 2020 RRSP limit: $27,230 | 2021 RRSP limit: $27,830
* If the deadline falls on a Saturday, Sunday or a holiday, taxpayers have until the next
business day to file.
?Registered trademark of The Bank of Nova Scotia, used under licence. Scotia Wealth Management? consists of a range of financial services provided by The Bank of Nova Scotia (Scotiabank?); The Bank of Nova Scotia Trust Company (Scotiatrust?); Private Investment
Counsel, a service of 1832 Asset Management L.P.; 1832 Asset Management U.S. Inc.; Scotia Wealth Insurance Services Inc.; and ScotiaMcLeod?, a division of Scotia Capital Inc. Private banking services are provided by The Bank of Nova Scotia. Estate and trust services are
provided by The Bank of Nova Scotia Trust Company. Portfolio management services are provided by 1832 Asset Management L.P. and 1832 Asset Management U.S. Inc. Insurance services are provided by Scotia Wealth Insurance Services Inc. Wealth advisory and brokerage
services are provided by ScotiaMcLeod, a division of Scotia Capital Inc. International investment advisory services are provided by Scotia Capital Inc. Financial planning services are provided by The Bank of Nova Scotia and ScotiaMcLeod. Scotia Capital Inc. is a member of
the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada. Scotia Wealth Insurance Services Inc. is the insurance subsidiary of Scotia Capital Inc., a member of the Scotiabank group of companies. When discussing life insurance
products, ScotiaMcLeod advisors are acting as Life Insurance Agents (Financial Security Advisors in Quebec) representing Scotia Wealth Insurance Services Inc.
This publication has been prepared by Scotia Wealth Management and is intended as a general source of information only and should not be considered or relied upon as personal and/or specific financial, tax, pension, legal or investment advice. We are not tax or legal
advisors and individuals should consult with their own tax and legal advisors before taking any action based upon the information contained in this publication. Opinions contained in this publication are our own as of the date hereof and are subject to change without notice.
While care and attention has been taken to ensure the accuracy and reliability of the material in this publication, neither Scotia Wealth Management nor any of its affiliates make any representations or warranties express or implied, as to the accuracy or completeness of such
material and disclaim any liability resulting from any direct or consequential loss arising from any use of this publication or the information contained herein. This publication and all the information, opinions and conclusions contained herein are protected by copyright.
This publication may not be reproduced in whole or in part without the prior express consent of Scotia Wealth Management.