COVID-19: Extension of certain tax deadlines - Updated

To simplify the lives of individuals and businesses affected by the exceptional situation stemming from COVID-19, the government has applied flexibility measures for individuals and businesses in Canada during income tax filing season.


 

 

 

FOR INDIVIDUALS

CANADA
New deadline to file income tax returns: June 1
New deadline to pay taxes: After August 31

For those who pay in instalments, the June 15, 2020, instalment is suspended until August 31, 2020. The date and terms of payment of this amount will be announced at a later date.

QUEBEC – REMINDER
New deadline to file income tax returns: June 1
New deadline to pay taxes: August 31

For those who pay in instalments, the June 15, 2020, instalment is suspended until July 31, 2020. The date and terms of payment of this amount will be announced at a later date. Individual taxpayers will be given a reasonable timeframe to pay the amount due.


FOR BUSINESSES

CANADA
Deadline to file tax returns: remains the same
New deadline to pay taxes: After August 31

The payment of instalments and taxes due as of March 18 is suspended until August 31. The date and terms of payment of these amounts will be announced at a later date.

QUEBEC – REMINDER
Deadline to file tax returns: remains the same
New deadline to pay taxes: August 31

The payment of instalments and taxes due as of March 17 is suspended until July 31. The date and terms of payment of these amounts will be announced at a later date. Businesses will be given a reasonable timeframe to pay the amounts due.

NEW FROM MARCH 27, 2020: Filing and payment of sales tax for periods starting March 27, 2020 until June 1, 2020 is postponed until June 30, 2020.


FOR TRUSTS*
*For trusts whose tax year ends on December 31, 2019.
CANADA
New deadline to file tax returns: May 1
New deadline to pay taxes: After August 31

For those who pay in instalments, the June 15, 2020, instalment is suspended until August 31, 2020. The date and terms of payment of this amount will be announced at a later date.

QUÉBEC – REMINDER
New deadline to file tax returns: May 1
New deadline to pay taxes: August 31

For those who pay in instalments, the June 15, 2020, instalment is suspended until July 31, 2020. The date and terms of payment of this amount will be announced at a later date. Individual taxpayers will be given a reasonable timeframe to pay the amount due.


Here are a few tables that summarize the new measures taken:

New filing extensions

taxpayers usual filing deadlines new filing deadlines
Federal and Provincial Provincial Federal
Individuals April 30, 2020 June 1, 2020 June 1, 2020
Self-employed individuals June 15, 2020 No extension No extension
Corporations 6 months after the year-end No extension No extension
Trusts (ending December 31, 2019) March 30, 2020 May 1, 2020 May 1, 2020
 

New payment extensions

Taxpayers usual payment deadlines extended payment deadlines
Federal and provincial Provincial Federal
Individuals April 30, 2020 August 31, 2020 After August 31, 2020 (date not yet specified)
Self-employed individuals April 30, 2020 August 31, 2020 After August 31, 2020 (date not yet specified)
Corporations Payments between
March 17 /18  2020 and August 31, 2020
August 31, 2020 After August 31, 2020 (date not yet specified)
Trusts (ending December 31, 2019) March 30, 2020 August 31, 2020 After August 31, 2020 (date not yet specified)

New dates for June 15, 2020 instalment

taxpayers usual payment deadlines extended payment deadlines
Federal and provincial Provincial Federal
Individuals June 15, 2020 August 31, 2020 After August 31, 2020 (date not yet specified)
Self-employed individuals June 15, 2020 August 31, 2020 After August 31, 2020 (date not yet specified)
Corporations Payments between
March 17 /18  2020 and August 31, 2020
August 31, 2020 After August 31, 2020 (date not yet specified)
Trusts (ending December 31, 2019) 15 juin 2020 August 31, 2020 After August 31, 2020 (date not yet specified)

Given the current situation, the Government of Québec may review the above deadlines in order to harmonize with those of Canada. If applicable, we will keep you informed.

Please don't hesitate to contact your trusted LCA advisor to discuss these new deadlines.