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CRA Updates on Filing Deadlines

Published on March 27, 2020

Yesterday, March 26th, the Canada Revenue Agency provided a further update regarding COVID-19 relief measures. 
Key highlights of the announcement

1)  The filing deadline for T2 Corporate Tax Returns (that were due after March 18th) has been extended to June 1st. 

2)  Taxpayers may defer a number of other administrative tax actions required under the Income Tax Act (ITA) that are due after March 18, 2020, until June 1, 2020.  These administrative income tax actions include the filing of returns, forms, elections, designations, and responses to information requests.  Payment and remitting requirements are not covered by this announcement.
3) The deadline for partnership and NR4 information returns have also been extended to May 1, 2020 (similar to trusts).
4)  Payroll deductions and all related activities (except to the extent they relate to the reduction of remittances related to the temporary wage subsidy) must continue to be done on time.

5) This measure also does not apply in respect of SR&ED expenditure filings (Ss. 37(11)) 

6) Note that GST/HST is not mentioned – all GST/HST payments and filings remain due on their normal filing due dates

See the announcement below.

CRA Update March 26 2020