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. Programs include:
- More Time to File Tax Return
- Deferral of Sales Tax Remittance and Customs Duty Payments until June
- Waiving Tariffs on Certain Medical Goods
- Changes have been made to the filing deadlines for tax returns of certain individuals, self-employed individuals, corporations, partnerships, trusts, charities and non-residents.
- Changes have been made to the filing deadlines for certain information returns, elections, designations and information requests.
- The due date for GST/HST returns remains unchanged. However, the CRA will not impose penalties where a return that was due to be filed after March 27, 2020 is filed by June 30, 2020.
- Individual tax returns (including any related elections, designations or forms) in respect of 2019 that were otherwise due on April 30, 2020 are not due until June 1, 2020.
- For individuals who died between January 1, 2019 and October 31, 2019, the filing date for 2019 is June 1, 2020.
- For individuals who died after October 2019 and before June 1, 2020, the filing date for 2019 is the later of June 1, 2020 or 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 are 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 remains as June 15, 2020.
- The deadline to file tax returns for self-employed individuals who died after October 2019 and before June 15, 2020 are due on the later of June 15, 2020 or six months after their day of death
- Corporate tax returns for corporations with a December 31, 2019 year-end are due as usual on June 30, 2020.
- Corporate tax returns which were otherwise due between March 18, 2020 and May 31, 2020 are due on June 1, 2020.
- Trusts, Partnerships and Charities
- Tax returns for trusts with a December 31, 2019 year-end are due on May 1, 2020.
- Tax returns for trusts that would otherwise have a filing due date in April or May are due on June 1, 2020.
- Partnership information returns (T5013) for 2019 are due on May 1, 2020.
- Charity returns (T3010) due between March 18, 2020 and December 31, 2020 are due on December 31, 2020.
- NR4 information returns for non-residents of Canada for 2019 are due on May 1, 2020.
- Information Returns
- Information returns required under Part XVIII (FATCA) and Part XIX (Common Reporting Standard) of the Income Tax Act are now 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 are due on June 1, 2020. This measure does not apply in respect of a prescribed form, receipt or document, or prescribed information, that is 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.
- The due date for GST/HST returns is unchanged. However, the CRA will not impose penalties where a return that was due to be filed after March 27, 2020 is filed by June 30, 2020.
How to Apply
- No application necessary.
- Businesses and self-employed individuals may defer until June 30, 2020 payments of GST/HST, as well as customs duties owing on their imports, which become owing from March 27.
- For GST and customs duty payments for imported goods, deferral will include amounts owing for March, April and May.
- These amounts were normally due to be submitted to the CRA and the Canada Border Services Agency as early as the end of March 2020.
- The government is waiving tariffs on certain medical goods, including PPE such as masks and gloves. This will reduce the cost of imported 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.