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. |
| 2022 EHT Remittance Due: | March 15, 2023 |
| 2022 WSIB Reconciliation Due: | March 31, 2023 |
| 2022 RRSP Contribution Deadline: | March 01, 2023 |
| 2022 Efile Start Date: | February 21, 2023 |
| 2022 Personal Income Tax Return: | May 01, 2023 |
| 2022 Sole Proprietors Personal Income Tax Returns Due: | June, 15, 2023 |
| 2023 Personal Instalments Dates: | March 15, June 15, September 15, December 15 |
| 2022 T4, T4 Summary, T4A, T4A Summary, T5018, etc Due: | February 28, 2023 |
| 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 2023: | on the 20th of each month, except for December 13, 2023. 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, 2023, July 5, 2023, October 5, 2023, January 5, 2024 |
| 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: | January 10, 2023, February 10, 2023, March 10, 2023, April 10, 2023, May 10, 2023, June 10, 2023, July 08, 2023, August 10, 2023, September 09, 2023, October 07, 2023, November 10, 2023 & December 09, 2023 |
| Canada Workers Benefit (previously called the Working Income Tax Benefit) - advance payments dates: | January 05, 2023, April 05, 2023, July 05, 2023, October 05, 2023 |
| Climate Action Incentive Payment (CAIP) | April 15, 2022 (retroactive, this will be included in July's payment), July 15, 2022, October 15, 2022, January 15, 2023 |
Payroll Tax Rates in Ontario:
2023 Federal Payroll Tax Rate: $15,000
TD1 - 2023 Federal Personal Tax Credits Return Form
2023 Ontario Payroll Tax Rate: $11,865
TD1ON - 2023 Ontario Personal Tax Credits Return Form
Ontario Minimum Wages as of October 01, 2022 to Sep. 30, 2023:
General minimum wage: $15.50 per hour
Student under 18 minimum wage: $14.60 per hour
Hunting & fishing guides minimum wage:
- $77.60 Rate for working less then five consecutive hours in a day.
- $155.25 Rate for working five or more hours in a day whether or not the hours are consecutive.
Homeworkers wage: $17.05 per hour
CPP Rates & EI Rates for 2023:
In 2023 the new Canada Pension Plan maximum pensionable earning will be $66,600
• The basic exemption amount for CPP is $3,754.45. The employee and employer contribution has changed from 5.70% in 2022 to 5.95% for 2023.
• The maximum CPP employee and employer contribution are $3,754.45 and the self-employed maximum is $7,508.90
The 2023 Federal Employment Insurance employee premiums have increased to $1,002.45 and the employer premium is $1,403.43
• The EI new rate is 1.63%.
• The EI annual insurable earnings have a maximum of $61,500
