Fiscal year-end

Fiscal year-end is also known at the tax year-end or financial year of your business.

The following persons usually use a calendar year (January 1st to December 31st):

• individuals and certain trusts
• professional corporations that are members of a partnership (accountants, lawyers, or doctors)
• partnerships where at least one member is an individual

However, some people use non-calendar tax years:

• if you are an individual or a trust that uses a non-calendar tax year, you may want to use that same year for your GST/HST fiscal year
• if you are a member of a partnership, you may want to use the same fiscal year for GST/HST as your partnership's tax year

A corporation can use a calendar year for the GST/HST program account or use the same year end as the corporation income tax program account.

Forms and publications

• The Business Number and Your Canada Revenue Agency Program Accounts pamphlet (RC2)
• Reconciliation of Business Income for Tax Purposes guide (RC4015)
• General Information for GST/HST Registrants guide (RC4022)
• Form RC1, Request for a Business Number (BN)

Related topics

• Business Registration Online
• Canada Business
• Related provincial and territorial government sites
• Canada's Business and Consumer Site - Industry Canada