Updated Information from CRA (Canada Revenue Agency) as of March 26th, 2020.
https://www.canada.ca/en/revenue-agency/campaigns/covid-19-update.html
We will announce any changes to these dates as we are made aware of them.
Rest assured, that the team at Cahill CPA is keeping up to date with all these deadlines & changes and will keep our clients informed.
Individuals
The deadline to file your income tax and benefit return will be deferred until June 1, 2020.
The deadline to pay any balance due for your individual income tax and benefit return for 2019 has been extended to September 1, 2020. This means you will not be assessed any penalties or interest if your balance due is paid by September 1, 2020.
Self-employed
For self-employed individuals or those who have spouses or common-law partners that are self-employed, the deadline to pay any balance due for your individual income tax and benefit return has been extended to September 1, 2020.
Businesses
The deadline for businesses to pay any income tax amounts that become owing or due after March 18, 2020 and before September 1, 2020 has been extended to September 1, 2020. This means you will not be assessed any penalties or interest if your balance due is paid by September 1, 2020.
Trusts
For trusts with a taxation year end of December 31, 2019, the filing due date of March 31, 2020, will be deferred to May 1, 2020.
Charities
The Charities Directorate is extending the filing deadline to December 31, 2020, for all charities with a Form T3010, Registered Charity Information Return due between March 18, 2020 and December 31, 2020.