Interest Relief

Individuals with a taxable income of $75,000 or less in 2020 will not be required to pay interest on any outstanding income tax debt for the 2020 tax year until April 30, 2022 if they have received income support in 2020 through one or more of the following: CERB, CESB, CRB, CRCB, CRSB, EI benefits, or similar provincial emergency benefits. Interest relief will be automatically applied

CRA has not extended the tax filing deadline.

CRA-administered credits and benefits normally paid monthly or quarterly, such as the Canada Child Benefit and the goods and services tax/harmonized sales tax credit will not be applied to reduce individuals’ tax debt owing for the 2020 tax year