In order to provide greater flexibility to Canadians who may be experiencing hardships during the COVID-19 outbreak, the Canada Revenue Agency has enacted the following measures:
- For individuals, the return filing due date will be extended until June 1, 2020.
- For trusts, the return filing due date will be extended until May 1, 2020.
- All taxpayers now have until after September 30, 2020, to pay any income tax amounts that become owing before September 2020. This would apply to tax balances due, as well as installments. No interest or penalties will accumulate on these amounts during this period.
In addition, 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.
- Effective immediately, the CRA will temporarily accept electronic signatures as authorization on forms T183 and T183CORP.
- Adapting its Outreach Program, by providing phone and webinar support in place of traditional in-person services.
We encourage all individuals who expect to receive benefits under the GSTC or the Canada Child Benefit not to delay the filing of their return, in order to ensure their entitlements for the 2020-21 benefit year are properly determined.