As announced by the Government of Canada on Wednesday April 8th, there has been some changes made to filing and payment dates as a result of the coronavirus.
Please see below some of the changes made:
|Corporations – Due Dates|
|Filing date for current tax year||June 1st, 2020 Extended Applies to corporations that would otherwise have a filing due date after March 18th and before June 1st, 2020|
|Payment date for current tax year||September 1st, 2020 Extended Applies to balances and instalments under Part 1 of the Income Tax Act due on or after March 18 and before September 1, 2020.|
|Trusts – Due Dates|
|Filing date for current tax year (including the associated T3 information return)||May 1st, 2020 Extended Applies to trusts with a tax year end date of December 31, 2019 June 1st, 2020 Extended Applies to trusts that would otherwise have a filing due date in April or May.|
|Payment date for current tax year||September 1st, 2020 Extended Applies to income tax balances and instalments due on or after March 18 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.
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