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Estimated taxes are due quarterly on specific dates during the year. The IRS mandates that the normal due dates for estimated taxes are April 15 for the first quarter of a year, June 15 for the second quarter, Sept. 15 for the third quarter and Jan.15 of the following year for the fourth quarter. Related Reading: How to Print Quarterly Taxes in QuickBooks.
This means if you file your 2014 income taxes on April 30, 2015 (on time) the CRA will issue the initial Notice of Assessment on June 1, 2015 and the reassessment period will last until June 1, 2018. Extending the Reassessment Period. However, there are situations where the CRA can extend the reassessment period.