[Verse 1] April thirtieth is the date you need to know Individual returns must go in the flow But if you're self-employed or have business income too June fifteenth gives you time, but balance payment's due [Chorus] File on time, pay what's owed T-four, T-five, down the road Instalments due when tax is high VDP when you need to try Deadlines matter, interest grows Canadian tax compliance knows [Verse 2] Corporations get six months from their year-end date But payment's due two months, don't be late Trusts follow April thirtieth just like you and me Partnerships file by March thirty-first, you see [Chorus] File on time, pay what's owed T-four, T-five, down the road Instalments due when tax is high VDP when you need to try Deadlines matter, interest grows Canadian tax compliance knows [Verse 3] When your tax bill hits three thousand dollars or more Quarterly instalments knock upon your door March, June, September, then December too Interest compounds daily if payments are overdue [Bridge] Information slips tell the story true T-four for employment, T-five investment too T-three for trusts, T-fifty-thirteen for partnerships NR-four for non-residents, don't let compliance slip [Verse 4] Foreign holdings need reporting forms T-eleven-thirty-five for property norms T-eleven-thirty-four for foreign affiliates Hundred thousand threshold, don't miss these mandates [Chorus] File on time, pay what's owed T-four, T-five, down the road Instalments due when tax is high VDP when you need to try Deadlines matter, interest grows Canadian tax compliance knows [Outro] Voluntary disclosure saves the day When you've missed filing along the way No penalty relief if CRA's onto you File complete and accurate, make your taxes true
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