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Canadian Tax Return Deadlines

Canadian Tax Deadlines Updated for COVID-19

*Updated in 2020 to include deferred dates and changes introduced for COVID-19 relief.

 

SUMMARY

June 1, 2020 – Personal returns without self-employment income

Canadian tax returns must be filed for individuals without self-employment income.

June 15, 2020 – Personal return with self-employment income

Canadian tax returns must be filed for self-employed individuals (and some US returns).

September 1, 2020 – Payment of tax

The Canada Revenue Agency will allow all taxpayers to defer, until September 1, 2020, the payment of any income tax amounts that becomes owing on or after March 18, 2020 and before September 2020. This relief will apply to income tax instalments as well. No interest or penalties will accumulate on these amounts during this period.

DETAILED VERSION with CORPORATE & TRUST INFORMATION

Personal income tax returns – Due June 1, 2020

  • Canadian personal income tax returns for individuals  without self-employment income have been extended to June 1, 2020. Returns for those with self-employment income are due June 15, 2020.
  • Payment of taxes owing arising in relation to your 2019 personal income tax return can be deferred until September 1, 2020. Interest and penalties will not accrue between March 18, 2020 and August 31, 2020.
  • The Canada Revenue Agency encourages individuals who expect to receive benefits under the GSTC or the Canada Child Benefit not to delay the filing of their return to ensure their entitlements for the 2020-21 benefit year are properly determined.

Trust Income Tax Returns – Due Date May 1, 2020 OR June 1, 2020

  • For trusts having a taxation year ending on December 31, 2019, the filing due date for the trust’s T3 income tax return has been moved to May 1, 2020.
  • For any trusts with an original due date in April or May, the filing due date has been moved to June 1, 2020.
  • Payment of taxes owing arising in relation to the 2019 T3 trust return can be deferred until September 1, 2020. Interest and penalties will not accrue between March 18, 2020 and August 31, 2020.

Corporate income tax returns – Deferral of tax until September 1, 2020

  • For corporate tax returns that would be due between March 18, 2020 and May 31, 2020, the due date has been extended to June 1*.  Outside of this period, the normal due date remains the same.
  • *The exception is to SRED returns which have not been extended.
  • The payment of Part I income taxes that became owing between March 18, 2020 and August 31, 2020 can be deferred until September 1, 2020. Interest and penalties will not accrue between March 18, 2020 and August 31, 2020.

Income Tax Installments – All taxpayers including individual, corporations, and trusts – Deferral until September 1, 2020

The Canada Revenue Agency will allow all taxpayers to defer, until after August 31, 2020, the payment of any income tax amounts that become owing on or after March 18, 2020 and before September 2020. This relief will apply to income tax instalments as well. No interest or penalties will accumulate on these amounts during this period.

GST/HST 

  • Due date to file GST/HST returns has not been extended.
  • The CRA will allow all businesses to defer, until the end of June 2020, any GST/HST payments or remittances that become owing on or after March 27, 2020, and before June 2020. This means that no interest will apply if your payments or remittances are made by the end of June 2020.

Partnership returns and NR4 returns – Due May 1, 2020

2019 Partnership and NR4 returns that would otherwise be due March 31 have been extended to May 1, 2020.

Practically all other income tax filings (e.g. T1134, T1135, T1141, T1142) – Due June 1

Practically all other income tax filings (other than those already mentioned above) that would be due between March 18, 2020 and May 31, 2020 have been extended to June 1, 2020.

Note:

The Government of Canada announced its COVID-19 economic response plan on March 18, 2020.  The Government of Ontario’s action plan was announced on March 25, 2020.  Since both programs were released there have been many changes and updates. Tax policies are still changing rapidly. We are updating this general resource as details are made available. Still, we strongly recommend that you speak with your advisor about your unique situation before taking any action.

Click here for our COVID-19 Resource Hub