The Canada Revenue Agency announced today that it is extending the filing deadline to June 1, 2020. “For individuals (other than trusts), the return filing due date will be deferred until June 1, 2020.” The Canada Revenue Agency are also extending the deadline to pay your balance due without interest and penalties to August 31, 2020. “The Canada Revenue Agency will allow all taxpayers to defer, until after August 31, 2020, the payment of any income tax amounts that become owing on or after today and before September 2020.”
But, be aware that if you expect to receive benefits under the GST credit or the Canada Child Benefit you should not delay the filing of your return to ensure your entitlements for the 2020-21 benefit year are not interrupted. As you may know your July benefits are based on the prior year filing information. If you you file your return on time your payments will not be interrupted.
At Gautron Management Services Inc. we look forward to serving you during this evolving situation. We have made every effort to create a virtual preparation environment should you should to stay home. Please contact the office if you have questions or concerns.