The Government of Canada has made changes to the deadlines for filing tax returns, tax payments, and has also extended the deadlines for sales tax remittance and customs duty payment for those who qualify. In addition, the government is waiving tariffs on certain medical goods. The following provides a brief summary of these government programs, including details relating to eligibility, how to apply and general terms and conditions, as applicable. We will endeavour to update this page on a daily basis. However, for a complete and up to date description, please consult the applicable program webpage. Should you have any questions, please feel free to reach out to a Goodmans lawyer.
- Changes have been made to the filing deadlines for tax returns of certain individuals, self-employed individuals, corporations, partnerships, trusts, charities and non-residents. There have also been changes to filing deadlines for certain information returns, elections, designations and information requests.
- The CRA is waiving interest arrears on existing tax debts that are related to individual, corporation, and trust income tax returns from April 1, 2020 to September 30, 2020.
- The payment due date for 2019 individual tax returns and 2019 or 2020 corporation, or trust returns, as well as for instalment payments, has been extended from September 1, 2020, to September 30, 2020.
- Despite the following deadlines, the CRA has also stated that it “will not charge late-filing penalties where a 2019 individual return or a 2019 or 2020 corporation, or trust return is filed late as long as it is filed by September 30, 2020."
- Individual tax returns (including any related elections, designations or forms) in respect of 2019, that were otherwise due on April 30, 2020, were not due until June 1, 2020. This extension also applies to forms T106 and T1135, and any elections, forms and schedules that must be filed with the return.
- For individuals who died between January 1, 2019 and October 31, 2019, the filing date for 2019 was June 1, 2020.
- For individuals who died after October 2019 and before June 1, 2020, the filing date for 2019 was the later of September 30, 2020 and six months after their day of death.
- Self-Employed Individuals
- The tax return due date has not changed for self-employed individuals who carry on business (and their spouses). These returns were due by June 15, 2020.
- The deadline to file tax returns for self-employed individuals who died between January 1, 2019 and October 31, 2019 remained as June 15, 2020.
- The deadline to file tax returns for self-employed individuals who died after October 2019 and before June 15, 2020 were due on the later of September 30, 2020 or six months after their day of death
- Corporate tax returns for corporations with a December 31, 2019 year-end were due as usual on June 30, 2020.
- Corporate tax returns which were otherwise due between March 18, 2020 and May 31, 2020 were due June 1, 2020.
- Trusts, Partnerships and Charities
- Tax returns for trusts with a December 31, 2019 year-end were due on May 1, 2020.
- Tax returns for trusts that would otherwise have a filing due date in April or May were due on June 1, 2020.
- Partnership information returns (T5013) for 2019 that were due on March 31, 2020 were due on May 1, 2020. Returns usually due between March 31 and May 31, 2020, were due June 1, 2020. Returns usually due between May 31 and August 31, 2020, were due September 1, 2020.
- Charity returns (T3010) due between March 18, 2020 and December 31, 2020 were due on December 31, 2020.
- NR4 information returns for non-residents of Canada for 2019 were due on May 1, 2020. That said, payment dates are due as normal on the 15th of each month following an amount paid or credited by residents of Canada to non-resident persons.
- Information Returns
- Information returns required under Part XVIII (FATCA) and Part XIX (Common Reporting Standard) of the Income Tax Act were due on September 1, 2020.
- All other information returns, elections, designations and information requests that were otherwise due after March 18, 2020 and before June 2020 were due on June 1, 2020. This measure did not apply in respect of a prescribed form, receipt or document, or prescribed information, that was required to be filed with the Minister on or after the day specified, in respect of the form, receipt, document or information, in subsection 37(11) or paragraph (m) of the definition investment tax credit in subsection 127(9) of the ITA. See the ministerial order here.
- The due date for GST/HST returns was unchanged. However, the CRA did not impose penalties where a return that was due to be filed after March 27, 2020 was filed by June 30, 2020.
How to Apply
- No application necessary.
- Businesses and self-employed individuals could defer GST/HST payments, as well as customs duties owing on their imports, which became owing between March 27, 2020 and June 30, 2020, until June 30, 2020.
- The government is waiving tariffs on certain medical goods. This will reduce the cost of imported personal protective equipment ("PPE'') for Canadians, help protect workers, and ensure supply chains can keep functioning well.
- Remission is granted for eligible goods listed in the Certain Goods Remission Order (COVID-19), SOR-2020-101.
How to Apply
- Procedures to obtain tariff relief at the time of import for both commercial and casual goods are listed here.