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Taxpedia Blog

2019 Tax deadline has been extended

March 18, 2020

As a result of the COVID-19 pandemic, Prime Minister Justin Trudeau is giving Canadians more time to file and pay their taxes this year. 

What does this mean for you?

1. Individual filing deadline has been pushed back from April 30 to June 1. However, individuals who expect to receive benefits under the GSTC or the Canada Child Benefit not to delay the filing of their return to ensure their entitlements for the 2020-21 benefit year are properly determined. 

2. Trusts filing with a taxation year ending on Dec. 31, 2019, deadline has been pushed back to May 1.

3. Allow people to defer their income tax payments until after Aug. 31, 2020 and before September 2020, with no interest or penalties.

What does this mean for business owners?

1. Business owners will be allowed to defer their income tax payments until after Aug. 31 without any interest or penalties.

2. The CRA will not contact any small- to medium-sized businesses for post-assessment GST/HST or income tax audits for the next four weeks. 

The Canadian government is encouraging for citizens to stay indoor to minimize the virus exposure and economical impact of the COVID-19 pandemic. At Taxpedia our staffs are taking the extra steps in preventing taxpayers and tax-preparers from meeting in person during the pandemic. The CRA will recognize electronic signatures for authorization forms T183 or T183CORP which were only signed by hand.