GST is due today … for some

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Just a reminder .. that if you are a monthly Goods and Services Tax (GST) filer .. your GST return for the month of December 2006 is due today.

If you file quarterly .. and have a year end of either December, March, June, or September .. your Q4 GST return for the period October 1, 2006 to December 31, 2006 is due today.

If you are like me, self-employed proprietor and an annual filer .. you won’t have to file your 2006 GST return until June 15, 2007. Although, FILING YOUR RETURN and PAYMENT OF YOUR RETURN are two different things altogether. Just like your income tax, payments and balances owing should be remitted by April 30, 2007.

From the CRA Website:

Filing your returns on time

The due date of your return is determined by your reporting period.

If your reporting period is monthly or quarterly, you have to file your GST/HST return and remit any amount owing no later than one month after the end of your reporting period.

If you have an annual reporting period, you usually have to file your GST/HST return and remit any amount owing no later than three months after the end of the fiscal year.

If you are an individual with business income for income tax purposes who is also an annual filer with a December 31 fiscal year-end, you have to file your GST/HST return by June 15. However, you still have to remit your net GST/HST amount owing by April 30 to avoid penalties and interest.

When a due date falls on a Saturday, a Sunday, or a public holiday, we consider your payment to be paid on time if we receive it on the next business day.

Note
The personalized GST/HST return (Form GST34) will show the due date at the top of the form as part of the preprinted personal information.

Forms and publications

* General Information for GST/HST Registrants guide (RC4022)

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