![]() Any balance owing for individuals and Self-employed has been extended until September 1, 2020.Filing deadline has been extended to June 1 st, 2020.No interest or penalties will accumulate on these amounts during this period.įull details of Canada's Economic Response Plan can be viewed here: The CRA will allow all businesses to defer, until September 1, 2020, the payment of any income tax amounts that become owing on or after today and before September 2020.This relief would apply to tax balances due, as well as instalments, under Part I of the Income Tax Act.The CRA encourages individuals who expect to receive benefits under the GSTC or the CCB not to delay the filing of their return to ensure their entitlements for the 2020-21 benefit year are properly determined. Any balance owing and instalment payments due for March and June will be deferred until September 1, 2020.The return filing due date will be deferred until June 1, 2020. ![]() ![]() The measure is consistent with the new deadline announced today by the Canada Revenue Agency. Until this date, no penalty will be imposed for late filing of the tax return. Therefore, there will be no penalty or interest payable if these amounts are paid by September 30, 2020. This will apply to individuals, corporations and trusts. The Quebec Government has extended the deadline to pay the tax balance from September 1 to September 30, 2020. Tax Deadline Updates (As of July 27, 2020)
0 Comments
Leave a Reply. |