You are responsible for making sure that your payments are received by the Canada Revenue Agency (CRA) on or before the due date. Late payments, including cheques post dated after the due date, may be charged late fees and/or interest.

The CRA considers your payment made on the day that:

• it is processed at any financial institution belonging to the Canadian Payments Association. Payments made at an automated teller machine (ATM) may not be processed that same day
• it is received by the CRA

This applies to all payment methods, including by mail and by third-party service providers. If you are using these services, you must clearly understand their terms and conditions.

When a due date falls on a Saturday, Sunday, or public holiday recognized by the CRA, your payment is considered on time if the CRA receives it on or before the next business day.

For more information, go to Important dates for corporations.

Forms and publications

• Guide T4012, T2 Corporation – Income Tax Guide
• Guide T7B-CORP, Corporation Instalment Guide