Due Dates:
Personal
Personal Taxes | April 30 |
Self-Employed Individuals (and spouse) Tax Return | June 15 |
Installments | Mar.15, Jun.15, Sep.15, Dec.15 |
RRSP | March 1 |
Business
Corporate Taxes Payable | 3 months after year end |
Corporate Tax Return | 6 months after year end |
GST (quarterly) | 1 month after year end |
GST (annually) | 3 months after year end |
Information Returns (T4,T5) | February 28 |
2011 Personal Tax Rates:
Federal | Alberta | Combined | |
0 – $41,544 | 15% | 10% | 25% |
$41,545 – $83,088 | 22% | 10% | 32% |
$83,089 – 128,800 | 26% | 10% | 36% |
$128,801 – and over | 29% | 10% | 39% |
Corporate Tax Rate (effective Jan.1, 2011):
Federal | Alberta | Combined | |
0 – $500,000 | 11% | 3% | 14% |
$500,001 and over | 16.5% | 10% | 26.5% |
Investment Income | 34.7% | 10% | 44.7% |