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3534 Quadra St #2, Victoria, BC V8X 1H2
dina@rtsreliabletaxes.com
+1 (250) 383-7359

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Filing Deadlines

Personal taxes (T1) without business income: last day of April

Since April 30, 2023 is a Sunday, taxes will be due Monday, May 1

  • Personal taxes with business income: June 15
  • If balance owing, interest but no penalties if filed by June 15
  • If any expected balance owing is paid by April 30, no interest
  • The same rules apply to spouse or CL partner
  • Corporate taxes (T2): dependant on year end
  • Trust return (T3): last day of March

New Residents – Medical Services Plan (MSP)

On January 1, 2020, British Columbia eliminated MSP premiums for permanent residents.

Although there is no separate cost associated with MSP for permanent residents in our province, all BC residents must have a BC Personal Health Number and be enrolled in MSP regardless.

If you are moving to BC from another province, you will also need a BC Personal Health Number and to enrol in BC MSP.

New Residents – Goods and Services Tax Credit (GST)

To determine eligibility for GST payments, the Canada Revenue Agency may ask for information regarding your income prior to arriving in Canada. We recommend completing Form RC151, GST/HST Credit Application for Individuals Who Become Residents of Canada prior to that to minimise payment wait times while the CRA determines eligibility.

If you have children, Form RC66, Canada Child Benefits Application will need to be completed instead.

FAQs

Reliable Tax offers a comprehensive range of tax preparation services to cater to the needs of both individuals and businesses. Our services include individual tax preparation, which helps you file your personal tax returns accurately and efficiently. We also provide business tax preparation services to help small business owners file their taxes correctly and stay compliant with the law. Our audit support services are designed to provide you with the support you need during the auditing process, while our tax planning and consulting services help you maximize your savings and stay ahead of the tax game.

Yes, we strive to keep our prices affordable while maintaining high-quality service. Please contact us for specific pricing information based on your tax situation.

Yes, we provide comprehensive audit support services to assist you through the auditing process with the CRA. Additional fees may apply for this service.

Yes, you can file your taxes past the deadline, but there may be penalties and interest charges if you owe taxes. We recommend filing as soon as possible to minimize these charges.

Final returns for deceased individuals are typically due within six months of the date of death. However, the specific deadline may vary depending on circumstances. Please contact us for more detailed information.

Ready for Expert Tax Help?

At Reliable Tax, we believe in providing the most accurate and affordable tax services. Contact us today to schedule your consultation.