The balance-due day is the date by which you have to pay the remainder of the tax you owe for the tax year. See paragraph 157(1)(b) of the Income Tax Act.
Generally, all corporation taxes (except Part III and Part XII.6) charged under the Income Tax Act are due two months after the end of the tax year.
Original Article Source Credits: CANADA , https://www.canada.ca/
Original Article Posted on: 2020-04-23