COVID-19 Impact to the Personal Tax Filing Deadline

On March 18, 2020, the Prime Minister and the Minister of Finance, have extended the personal tax filing deadline from the original April 30, 2020 filing date to June 1, 2020. For Trusts who have a December 31, 2019 year-end, the filing deadline has been extended to May 1, 2020.

It is still recommended to prepare your returns as soon as possible, so that all appropriate benefit payments, such as the GST credit or the Canada Child Benefit is paid to you properly. In addition, there is a one-time special payment increase to the GST credit and the Canada Child Benefit payments, which will ideally happen by May 2020.

All taxpayers are allowed to defer any income tax amounts owing, which includes any installments or amounts due, without penalties or interest until September 1, 2020.

Take a look at this link for more information: https://www.canada.ca/en/department-finance/economic-response-plan.html