Key tax dates 2014

Collins Barrow Clarity Defined" collinsbarrow.com A little goes a long way Key tax deadlines for 2014 With tax season fast approaching, remember these key tax deadlines over the coming months. Need help building an effective, comprehensive tax strategy for 2014? Contact Collins Barrow for actionable advice tailored to your circumstances. JANUARY Welcome to 2014 Watch for these dates to keep your tax strategy on track. * * * JAN U.S. citizens 15 Pay quarterly estimated U.S. taxes If your U.S. employer does not deduct taxes from your pay, send the IRS your payment today. Families IJANI 30 Pay interest on intra-family loans Did you borrow money from a family member in a higher tax bracket in 2013? If so, the interest payment is due today. Employees IJANI 30 Pay interest on loan from employer Did you receive a loan from your employer in 2013? If you want to reduce your 2013 taxable benefit, the non-deductible interest payment is due today. FEBRUARY February is for lovers, but keep these tax deadlines in mind as well. Employees |FEB 14 Pay employer for company vehicle If your employer provides a vehicle, reduce your 2013 taxable operating benefit by issuing payment today. |FEB Employers 28 File T4, T4A and T5 Summary and Supplementary forms Complete these slips if you pay your employees wages, pensions or dividends. MARCH Spring is just around the corner. Enjoy the warmer air, but don't miss these deadlines! Investors MAR Make 2013 deductible RRSP contribution Often referred to as "maxing out your RRSP", investors can benefit from a 2013 tax deduction and grow their investment tax-free until retirement. OFamilies MAR Make Home Buyers Plan repayment Did you withdraw money from your RRSP to serve as a down payment for your home? If so, any RRSP repayment is due today, otherwise it will be treated as taxable 2013 income. IMARI 17 Individuals Remit first quarter 2014 personal tax installment If the CRA requires a quarterly payment on the balance you owe them, it's due today. IMARI Employers 31 File NR4 Summary and Supplementary forms Have you paid an employee in 2013 who is a non-resident of Canada? If yes, NR4 forms are due today. ÖFamilies 31 IMARI File inter vivos trust return Have you set up an inter vivos trust for a beneficiary? If so, the tax return on any income from that trust in 2013 is due today. April We're in for a wet one. But there's no need to get soaked by the taxman. Watch for these deadlines and your tax strategy will stay nice and dry. APR U.S. citizens File U.S. individual return If you are a U.S. citizen and have not received an extension from the IRS, your 2013 return is due today. |APRI Individuals 30 File personal return The tax return for any personal income acquired in 2013 is due today. While this infographic provides general planning parameters, Collins Barrow recommends that you seek professional advice before taking specific tax planning steps. Visit us at collinsbarrow.com for further information.