Tax Filing Updates Amidst COVID-19 Outbreak (updated)
The Government has just announced that it will be providing greater flexibility for Canadian taxpayers amidst the COVID-19 outbreak.
The CRA will be deferring the filing due date for the 2019 tax returns for individuals, including trusts.
- The return filing due date for individuals will be deferred until June 1, 2020.
- The return filing due date for trusts having a taxation year ending on December 31, 2020 will be deferred until May 1, 2020.
- Taxpayers will have until September 1, 2020 to pay any 2019 income tax amounts owed. (updated March 24, 2020).
It is important to note that although the filing due date for individual tax returns have been deferred, the CRA is reminding all taxpayers not to further delay the filing of their return especially if they are expecting to receive benefits under the Goods and Services Tax Credit or the Canada Child Benefit. Filing well before the due date will ensure that their entitlements for the 2020-21 benefit year are properly determined.
In addition to these measures, the CRA will be recognizing electronic signatures as having met the signature requirements of the Income Tax Act, effective immediately to reduce the necessity of meeting in person with tax preparers. This measure will apply to authorization forms T183 or T183CORP, which are forms signed by Canadians in person to authorize tax preparers to file their taxes.
For other updates related to the COVID-19 outbreak, please visit the following:
Province of Alberta website – benefits available: https://www.alberta.ca/covid-19-supports-for-albertans.aspx
Federal Government website – EI benefits: https://www.canada.ca/en/services/benefits/ei/ei-sickness.html