The Canada Revenue Agency (CRA) has announced an extension of the payment deadline for individual, corporate and trust income tax returns, including instalment payments, from September 1, 2020, to September 30, 2020. If payments are made by the September 30, 2020 deadline, penalties and interest, including the late-filing penalty, will not be charged.
Additionally, the CRA is waiving interest on existing tax debts for individual, corporate and trust income tax returns from April 1, 2020, to September 30, 2020, and from April 1, 2020, to June 30, 2020, for goods and services tax/harmonized sales tax (GST/HST) returns.
| Filing Deadline | Payment Deadline | |
|---|---|---|
| Individuals | June 1, 2020 | September 30, 2020 |
| Self-employed and spouses or common law partner | June 15, 2020 | September 30, 2020 |
| Corporations with a filing deadline between March 18 and May 31, 2020 | June 1, 2020 | September 30, 2020 |
| Corporations with a filing deadline on May 31, or in June, July or August 2020 | September 1, 2020 | September 30, 2020 |
| Trusts with a tax year end date of December 31, 2019 | May 1, 2020 | September 30, 2020 |
| Trusts that would otherwise have a filing date between March 30 and May 31, 2020 | June 1, 2020 | September 30, 2020 |
| Trusts that would otherwise have a filing date on May 31 or in June, July or August 2020 | September 1, 2020 | September 30, 2020 |
Should you have any questions concerning your tax filing and payment obligations, please do not hesitate to speak with your Bateman MacKay LLP account manager.
