Personal Tax Calendar


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Do you need a Personal Tax Calendar? Have a look at this example Calendar!

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BMO Wealth Management 2017 Personal Tax Calendar While most Canadians are aware of the April 30 personal income tax filing deadline, there are other important tax deadlines that must be observed over the course of the year – especially if you want to take advantage of certain tax deductions and credits.. Continued BMO Wealth Management February Month 2017 Personal Tax Calendar Event T4/RL-1, T4A/RL-2 and T5/RL-3 Tax Slips Deadline for employers to issue 2016 T4/RL-1 slips (Statement of Remuneration Paid) to employees, and for financial institutions to send T4A/RL-2 (Statement of Pension, Retirement, Annuity, and Other Income) and T5/RL-3 (Statement of Investment Income) tax slips.. FBAR Reporting for U.S. Citizens Deadline for U.S. citizens to file a 2016 Report of Foreign Bank and Financial Accounts (FBAR) FinCEN Form 114 with the IRS to provide details on any foreign bank accounts and other financial accounts held outside the U.S. Please note that the deadline can be extended by six months to October 15, 2017.. Some common income-splitting strategies to consider include: • An interest-bearing loan at the prescribed interest rate to family members in a lower tax bracket • Pension income-splitting between spouses (or common-law partners) • Gifts to adult children or other adult family members (other than a spouse or common-law partner) and October September August • Gifts to a minor child – directly or through a trust structure – to acquire investments that generate only capital gains.. For donations made after 2015 that exceed 200, the calculation of the federal charitable donation tax credit will allow higher income donors to claim a federal tax credit at a rate of 33 (versus 29 ), but only on the portion of donations made from income that is subject to the new 33 top marginal tax rate that came into effect on January 1, 2016..


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