Paying on time

We consider you to have made your tax payment on the day that:

• it is received by the Canada Revenue Agency; or
• 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.)

If you mail your payment, we consider you to have made the payment on the day we receive the payment, not on the day you mail it [subsection 248(7) of the Income Tax Act].

If your payment due date falls on a Saturday, a Sunday, or a public holiday, the payment will be considered received on time if it is received on the first business day after the due date.

Forms and publications

• Corporation Instalment Guide (T7B-CORP)
• T2 Corporation - Income Tax Guide (T4012)