IMPORTANT DATES
Important Upcoming Due Dates
| HST Monthly/Quarterly Remittance Due: | The last day of the following month. |
| Payroll Monthly/Quarterly Remittance Due: | On the 15th of the following month. |
| 2024 EHT Remittance Due: | March 15, 2025 |
| 2024 WSIB Reconciliation Due: | March 31, 2025 |
| 2024 RRSP Contribution Deadline: | February 28, 2025 |
| 2024 Efile Start Date: | February 24, 2025 |
| 2024 Personal Income Tax Return: | April 30, 2025 |
| 2024 Sole Proprietors Personal Income Tax Returns Due: | June 16, 2025 |
| 2024 Personal Instalments Dates: | March 15, June 15, September 15, December 15 |
| 2024 T4, T4 Summary, T4A, T4A Summary, T5018, etc Due: | February 28, 2025 |
| T2 Corporate Tax Return: | File your return no later than six months after the end of each tax year, the tax balance owing is due three months after the end of the tax year. |
Benefit Payment Dates
| Child Benefit Payments dates for 2024: | on the 20th of each month, except for December 13, 2024. If the 20th falls on a weekend, you will receive your payment on the Friday. |
| Goods and services tax / harmonized sales tax (GST/HST) credit: | April 5, 2024, July 5, 2024, October 5, 2024, January 5, 2025 |
| Ontario Trillium Benefit (OTB), includes Ontario energy and property tax credit (OEPTC), Northern Ontario energy credit (NOEC) and Ontario sales tax credit (OSTC) payment dates: | on the 10th of each month. If the 10th falls on a weekend, you will receive your payment on the Friday (depending on your bank). |
| Canada Workers Benefit (previously called the Working Income Tax Benefit) - advance payments dates: | January 05, 2025, April 05, 2025, July 05, 2025, October 05, 2025 |
| Canada Carbon Rebate (CCR) | April 15, 2024 (retroactive, this will be included in July's payment), July 15, 2024, October 15, 2024, January 15, 2025 |
Payroll Tax Rates in Ontario:
2024 Federal Payroll Tax Rate: $15,705
TD1 - 2024 Federal Personal Tax Credits Return Form
2024 Ontario Payroll Tax Rate: $12,399
TD1ON - 2024 Ontario Personal Tax Credits Return Form
Ontario Minimum Wages as of October 01, 2024 to September 30, 2025
General minimum wage: $17.20 per hour
Student under 18 minimum wage: $16.20 per hour
CPP Rates & EI Rates for 2023:
In 2024 the new Canada Pension Plan maximum pensionable earning will be $68,500.
• The basic exemption amount for CPP is $3,500.00. The employee and employer contribution has not changed from 5.95% rate in 2023.
• The maximum CPP employee and employer contribution are $3,867.50 and the self-employed maximum is $7,735.00
The 2024 Federal Employment Insurance employee premiums have increased to $1,049.12 and the employer premium is $1,468.77.
• The EI new rate is 1.66%.
• The EI annual insurable earnings have a maximum of $63,200.
