Extended filing and payment deadlines July 27, 2020

News release

July 27, 2020                                 Ottawa                       Canada Revenue Agency 

Extended filing and payment deadlines

The CRA is further extending the payment due date for 2019 individual tax returns and 2019 or 2020 corporation, or trust returns, as well as for instalment payments, from September 1, 2020, to September 30, 2020.

The previously-extended filing due dates for individual, corporation, and trust income tax returns remain unchanged. The CRA encourages everyone to file their income tax returns as soon as possible, even though payment deadlines are being extended. However, recognizing the difficult circumstances faced by Canadians, the CRA will not charge late-filing penalties where a 2019 individual return or a 2019 or 2020 corporation, or trust return is filed late as long as it is filed by September 30, 2020.

The extensions to the filing due date for income tax returns detailed below also apply to forms T106 and T1135, and any elections, forms, and schedules that must be filed with the return.

The CRA will also waive arrears interest on existing tax debts related to individual, corporation, 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. While this measure for existing tax debts does not cancel penalties and interest already assessed on a taxpayer’s account prior to this period, it will ensure that a taxpayer’s existing tax debt will not grow through interest charges during this difficult time.

Individuals – Deadlines

Filing date for 2019 tax year

The CRA is seeking tax returns from individuals by June 1, 2020 in order to ensure accurate federal and provincial benefits payments.

This extension also applies to forms T106 and T1135, and any elections, forms and schedules that must be filed with the return.

Payment date for 2019 tax year

September 30, 2020 Further extended as of July 27

Penalties (including late-filing penalties) and interest will not be applied if returns are filed and payments are made by September 30, 2020. This also applies to the June 15 and September 15, 2020, instalment payments for those who have to pay by instalments.

Corporations – Deadlines

Filing date for the current tax year

June 1, 2020 Extended date

Applies to corporations that would otherwise have a filing deadline after March 18 and before May 31, 2020.

September 1, 2020 Extended date

Applies to corporations that would otherwise have a filing deadline on May 31, or in June, July, or August 2020.

This extension also applies to forms T106 and T1135, and any elections, forms and schedules that must be filed with the return.

Payment date for the current tax year

September 30, 2020 Further extended as of July 27

Applies to balances and instalments due on or after March 18 and before September 30, 2020. Penalties and interest will not be applied if returns are filed and payments are made by September 30, 2020.

CRA link: https://www.canada.ca/en/revenue-agency/campaigns/covid-19-update/covid-19-filing-payment-dates.html