As recently announced on April 8th by The Government of Canada to combat COVID-19, Corporation & Trust Filing Deadlines were extended for companies with a filing due date before June 1st, 2020. This deadline has since been extended.
As of May 25th, 2020, The Government of Canada has now extended both Corporation & Trust Filing Deadlines to September 1st, 2020. This will allow companies with deadlines in June, July, and August to be included.
|Return Type||Previous Filing Deadline||2020 New Filing Deadline||2020 Payment Deadline|
|T2 Corporate Income Tax Return for Dec 31, Jan 31 or Feb 28 year-end||June 30, July 31, Aug 31 respectively||September 1, 2020, for all||September 1, 2020, for any income tax balance due on or after March 18, 2020, and before September 1, 2020.|
|T3 Trust Income Tax Return for March 31, April 30, or May 31 year-end||June 30, July 31, Aug 31 respectively||September 1, 2020, for all||September 1, 2020, for any income tax balance due on or after March 18, 2020, and before September 1, 2020.|
Source: Government of Canada
Please note that the Government of Canada’s changes only affects your current tax year. Claims with an 18-month deadline must be filed by their original deadline or will be lost.
Braithwaite will continue to monitor the effects of COVID-19 on filing deadlines.
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