Filing/Tax Deadlines and Extensions

Individuals:

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.

Business Taxes:

The deadline for businesses to pay any income tax amounts (including income tax instalments) that become owing or due after March 18, 2020 and before September 30, 2020 has been extended to September 30, 2020. This means you will not be assessed any penalties or interest if your balance due is paid by September 30, 2020.

This is an update to the government’s previous announcement that only covered taxes under Part I of the Income Tax Act. It now appears that Part IV tax is included in the extension.

Payroll Deductions:

No extension

HST:

Remittance of HST collected will be extended to June 30, 2020, for the following reporting periods:

  • Monthly filers, for their February, March and April 2020 reporting periods;
  • Quarterly filers, for their January 1, 2020, through March 31, 2020 reporting period; and
  • Annual filers whose GST/HST return or instalments are due in March, April or May 2020, for amounts collected and owing for their previous fiscal year and instalments of GST/HST in respect of the filer’s current fiscal year.

Note that this only applies to the remittance of HST. The HST return still has to be filed on time.

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.

Furthermore, all trusts that have an upcoming income tax balance due date or an income tax instalment payment due date before September 1, 2020, will have their payment due date effectively extended to September 1, 2020.

Penalty and interest implications for upcoming trust tax obligations not covered by the relief described above will be considered by the CRA on a case-by-case basis.

Administrative Tax Measures:

In addition to the income tax filing and payment deadline extensions, unless otherwise noted, administrative income tax actions required of taxpayers by the CRA that are due after March 18, 2020, can be deferred to June 1, 2020. These administrative income tax actions include returns, elections, designations and information requests. Payroll deductions payments and all related activities are excluded.

This appears to now include T1135 – Foreign Income Verification Statement forms and partnership returns.

The government also announced an extension to the deadline for filing a Notice of Objection. For any objection request due March 18 or later, the deadline is effectively extended until June 30, 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.