When is the Deadline for Filing GST/HST in Canada?

Filing your Goods and Services Tax (GST) or Harmonized Sales Tax (HST) return on time is crucial to staying compliant with the Canada Revenue Agency (CRA) and avoiding penalties. The deadline for filing depends on the type of filer you are and the reporting period assigned to your business. Below, we’ll break down the different deadlines and provide tips to help you stay organized.

Types of Filing Periods

The CRA assigns GST/HST filing periods based on your total annual revenue from taxable supplies. These are the three main types of reporting periods:

1. Annual Filers

Who qualifies: Businesses with annual taxable revenue of $1.5 million or less (excluding public service bodies).

Filing deadline: Your GST/HST return is due three months after the end of your fiscal year. For example, if your fiscal year ends on December 31, your filing deadline would be March 31 of the following year.

2. Quarterly Filers

Who qualifies: Businesses with annual taxable revenue between $1.5 million and $6 million.

Filing deadline: The GST/HST return is due one month after the end of each quarter. For instance, if the quarter ends on March 31, the filing deadline would be April 30.

3. Monthly Filers

Who qualifies: Businesses with annual taxable revenue exceeding $6 million or those who choose to file monthly.

Filing deadline: The return is due one month after the end of each reporting month. For example, a return for March would be due by April 30.

Special Cases for Public Service Bodies

Public service bodies, such as charities or municipalities, may have different reporting periods and deadlines based on their unique circumstances. It’s best to consult with the CRA or a tax professional if this applies to your organization.

What Happens If You File Late?

Failing to file your GST/HST return by the deadline can result in:

  • Late filing penalties: These are calculated as a percentage of the amount you owe, plus additional interest.
  • Interest charges: Applied to any unpaid amounts from the day after the deadline until the balance is paid in full.
  • CRA compliance actions: Repeated late filings may trigger audits or other enforcement measures.

How to Stay on Track

1. Set Reminders: Use a calendar or tax software to remind you of upcoming deadlines.
2. Automate Payments: Set up pre-authorized debit payments to ensure your GST/HST amounts are paid on time.
3. Consult a Professional: An accountant or tax advisor can help ensure your filings are accurate and timely.
4. Use CRA Online Services: The CRA’s online portal (My Business Account) allows you to file your returns, make payments, and track your account status.

Key Takeaways

Understanding your GST/HST filing deadlines is essential for avoiding penalties and maintaining good standing with the CRA. Whether you’re an annual, quarterly, or monthly filer, staying organized and proactive can make the process seamless.

If you’re uncertain about your filing period or need assistance, consult with a tax professional or reach out to the CRA for clarification. Filing on time not only helps you avoid penalties but also keeps your business running smoothly.

Have questions about GST/HST filing? Leave a comment below or contact us for more personalized advice!