Income Tax Filing and Payment Deadlines as a result of COVID-19

The CRA has further extended the payment due date for 2019 individual and corporate income tax returns, as well as any instalment payments, from September 1, 2020 to September 30, 2020. The filing deadline for the returns are the same as outlined in our previous blog post “COVID-19 Impact to the Personal Tax Filing Deadlines”.

There will not be any late filing penalties for a 2019 individual return or a 2019 or 2020 corporate or trust return that is filed late, as long as the return is filed by September 30, 2020. In addition, there will not be any penalties and interest charged as long as payments are made by September 30, 2020. Any taxpayer that received a Notice of Assessment that says that the deadline for payment is April 30, 2020 or September 1, 2020, should note that this is now incorrect. Rather, the deadline for payment is September 30, 2020.

To view the specifics of the deadline dates for filing and payments, please visit: https://www.canada.ca/en/revenue-agency/campaigns/covid-19-update/covid-19-filing-payment-dates.html