Government extends tax deadline to June 1 amidst COVID-19 outbreak

Author: External Author | | Categories: COVID-19

OTTAWA — Canadians will have one extra month to file their taxes to the Canada Revenue Agency, the National Post has learned.The announcement will be made tomorrow by federal ministers as part of a larger series of financial measures to assist Canadian individuals and governments through the COVID-19 pandemic.

So instead of an April 30 filing deadline for the 2020 tax filing season, Canadians will have until June 1 to submit their income tax return to CRA. The deadline to pay off any outstanding balances interest-free will also be extended, this time to July 31.

Businesses will also have more time to pay their taxes without paying any interest or penalties. The new deadline will be July 31 to pay any corporate taxes or make any scheduled instalment payments that would otherwise be due starting Wednesday.

Read More

Original Article Source Credits: Ottawa citizen,

Article Written By Christopher Nardi

Original Article Posted on : March 18, 2020

Link to Original Article:

Read More Blog Articles