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Stay Ahead of 2025 Compliance Deadlines

Posted on Jan 22, 2025

As we enter 2025, staying on top of compliance deadlines is essential for maintaining smooth operations and avoiding costly penalties. At Pinnacle, we recognize the complexity of regulatory requirements and are committed to supporting your organization every step of the way. Below, we’ve outlined key compliance dates for Canadian, U.S., and Cayman Islands funds, with primary focus on private funds. While the list is not exhaustive, please note that certain deadlines may allow for extensions. Our tailored services can help you meet these requirements seamlessly.   

2025 Compliance Deadlines for Canadian Funds

January 15, 2025:

Enhanced Short Sale Disclosure Deadline:

  • Description: Beginning January 2, 2025, institutional investment managers engaging in short sales of equity securities exceeding certain thresholds are required to file new Form SHO with the SEC within 14 calendar days after the end of each calendar month under Rule 13f-2. 
  • Filing Body: U.S. Securities and Exchange Commission (SEC). 
  • Link to Form: Form SHO 

January 30, 2025:

Annual Form 45-106F1 Reporting Deadline  

  • Description: Reports distributions of securities made under prospectus exemptions. 
  • Filing Body: Canadian Securities Administrators (CSA). 
  • Link to Form: Form 45-106F1 

February 28, 2025:

T5 Slip Distribution Deadline

  • Description: Reports investment income such as interest and dividends earned by investors. 
  • Filing Body: Canada Revenue Agency (CRA). 
  • Link to Form: T5 Slip 

T5008 Reporting Deadline

  • Description: Reports transactions related to securities dispositions, including sales and redemptions. 
  • Filing Body: Canada Revenue Agency (CRA). 
  • Link to Form: T5008 Slip 

March 31, 2025:

T5013 Filing Deadline for Partnerships  

  • Description: Reports income, losses, and other relevant financial details of partnerships to investors and the CRA. 
  • Filing Body: Canada Revenue Agency (CRA). 
  • Link to Form: T5013 Slip 

T3 Slip Distribution Deadline for Trusts  

  • Description: Reports income distributed to beneficiaries of trusts, including investment income and capital gains. 
  • Filing Body: Canada Revenue Agency (CRA). 
  • Link to Form: T3 Slip 

May 1, 2025:

CRS and FATCA Reporting Deadline

  • Description: Provides information on accounts held by non-residents to meet Common Reporting Standards (CRS) and Foreign Account Tax Compliance Act (FATCA) requirements. 
  • Filing Body: Canada Revenue Agency (CRA). 
  • Link to Form: CRS and FATCA Reporting 

June 30, 2025:

GST/HST Returns Deadline  

  • Description: Reports GST/HST charged and remitted by Selected Listed Financial Institutions (SLFIs) based on their operations. 
  • Filing Body: Canada Revenue Agency (CRA). 
  • Link to Form: GST/HST Returns 

 

October 15, 2025:

SLFI Investor Outreach Deadline 

How We Can Help:

Pinnacle offers comprehensive services to manage compliance requirements for Canadian funds, including:

  • Timely distribution of T5, T3, and T5008 slips. 
  • Preparation and filing of Form 45-106F1 and CRS/FATCA reports. 
  • Support for preparation of Form SHO. 
  • Support for T5013 filings and GST/HST returns. 

2025 Compliance Deadlines for U.S. Funds 

January 31, 2025:

Form 1099 Reporting Deadline  

  • Description: Reports investment income, including dividends, interest, and proceeds from sales of securities to investors and the IRS. 
  • Filing Body: Internal Revenue Service (IRS). 
  • Link to Form: Form 1099 Filing 

March 15, 2025:

K-1 Reporting Deadline for Partnerships  

  • Description: Reports each partner’s share of income, deductions, and credits for the tax year. 
  • Filing Body: Internal Revenue Service (IRS). 
  • Link to Form: Schedule K-1 Instructions 

March 31, 2025:

Form ADV Annual Updating Amendment Deadline  

  • Description: Required for registered investment advisers to disclose and update key information about their firm, including assets under management, conflicts of interest, and business practices. 
  • Filing Body: U.S. Securities and Exchange Commission (SEC). 
  • Link to Form: Form ADV 

April 30, 2025:

Form PF Filing Deadline  

  • Description: Provides information about the fund’s financial condition, risk exposure, and systemic risk contributions. 
  • Filing Body: U.S. Securities and Exchange Commission (SEC). 
  • Link to Form: Form PF 

 

 

How We Can Help:

Pinnacle provides end-to-end U.S. regulatory compliance support, including: 

  • Preparing and filing Form 1099s 
  • Assisting with preparation of K-1s and distribution to investors 
  • Assisting with Form PF submissions 

2025 Compliance Deadlines for Cayman Islands Funds

June 30, 2025:

Audited Financial Statement

  • Description: Provides an annual audit of financial statements for mutual and private funds to ensure compliance with local regulations. 
  • Filing Body: Cayman Islands Monetary Authority (CIMA).

 

FAR Form Filing Deadline 

  • Description: The Financial and Regulatory (FAR) Form provides detailed information about a fund’s operations, including subscriptions, redemptions, asset allocation, and leverage. This form is mandatory for all mutual and private funds regulated under the Mutual Funds Act and the Private Funds Act. 
  • Filing Body: Cayman Islands Monetary Authority (CIMA). 
  • Link to Form: FAR Form

July 31, 2025:

CRS and FATCA Reporting Deadline  

  • Description: Reports financial accounts held by foreign individuals and entities to comply with international tax regulations. 
  • Filing Body: Cayman Islands Tax Information Authority (TIA). 
  • Link to Form: Reports are made through the DITC Portal 

September 15, 2025:

CRS Compliance Form Deadline

  • Description: Confirms that the fund has fulfilled its CRS reporting obligations. 
  • Filing Body: Cayman Islands Tax Information Authority (TIA). 
  • Link to Form:  Reports are made through the DITC Portal

How We Can Help:

Pinnacle simplifies Cayman Islands regulatory obligations by: 

  • Preparing financial statements 
  • Coordinating with your auditors to ensure timely submission of financial statements and FAR Forms. 
  • Preparing and filing CRS/FATCA reports. 

 

 

Need Help Navigating 2025 Compliance Deadlines? 

With a packed calendar of regulatory obligations across Canadian, U.S., and Cayman Islands jurisdictions, staying and of 2025 compliance deadlines can feel overwhelming. Missing deadlines for key filings can lead to costly penalties and operational disruptions. 

At Pinnacle, we specialize in simplifying compliance for fund managers. Our team ensures your filings are accurate, timely, and fully compliant with regulatory requirements. From collaborating with auditors to managing extensions and navigating complex filing systems, we take the stress out of the compliance process—so you can focus on growing your fund. 

Contact Joanne Remillard at jremillard@pinnaclefundservices.com or 1-604-559-8920 to learn more about how our tailored services can make 2025 your most seamless year yet.