Important Tax Year Dates

Insights
| 2/10/2021

Not sure of important 2020 tax year dates? No problem, our Tax Team has put together a list of key dates to help you navigate the 2020 tax year.

Find a downloadable version of the below important 2020 tax year dates in our Tax Planning Newsletter on page 9.

December 15, 2020
  • Final personal tax installment for 2020 if you are required to pay installments
December 31, 2020
  • Charitable gifts
  • Political contributions
  • Certain spousal and child support payments
  • Deductible legal fees
  • Interest on student loans
  • Investment counsel fees, interest and other investment expenses
  • Medical expenses
  • Child care expenses
  • Moving expenses
  • Union and professional membership dues
  • RRSP contributions if you turned 71 in the year
January 30, 2021
  • Pay interest on a low interest or non-interest bearing loan from your employer to reduce your taxable benefit
  • Pay interest on intra-family loans
February 14, 2021
  • Reimbursement of automobile expenses to your employer to reduce your taxable benefit if you use an employer-provided automobile
March 1, 2021
  • Contribution to your own RRSP or spousal RRSP for the 2020 tax year
  • Repayments under a Home Buyer’s Plan or a Lifelong Learning Plan for the 2020 tax year
March 15, 2021
  • U.S. filings deadline for 3520-A Annual Information Return of Foreign Trust with a U.S. Owner
April 30, 2021
  • Personal income tax filing deadline for individuals who do not earn self-employment income
  • Tax balance due date for all individuals
May 17, 2021 **NEW
  • U.S. filing deadline for U.S. citizens

In response to COVID-19, the IRS extended the tax filing deadline for U.S. citizens from April 15, 2021 to May 17, 2021.

June 15, 2021
  • Personal income tax filing deadline for individuals who earn self-employment income
  • U.S. filing deadline for US citizens living outside of the U.S.
  • U.S. filing deadline for 8840 “Closer Connection Exception Statement for Aliens”
September 15, 2021
  • U.S. filings deadline for 3520-A Annual Information Return of Foreign Trust with a U.S. Owner if extension filed
October 15, 2021
  • Final U.S. filing deadline if extension filed
  • U.S. FBAR filing deadline
This article has been published for general information. You should always contact your trusted advisor for specific guidance pertaining to your individual tax needs. This publication is not a substitute for obtaining personalized advice.

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