Tax Deadlines for 2020

This year’s tax filing deadlines have been changing, be sure to get yours filed on time to reduce penalties. See below for most recent deadline information.

Tax

Personal Tax Deadlines

T1 late-filing penalties will not be charged if returns are filed and payments are made by September 30, 2020*. Same relief will be provided for self-employed filers (and their spouses).

  • Penalties and interest will not be charged if payments are made by the extended deadline of September 30, 2020 (includes the late-filing penalty provided return is filed by Sept. 30, 2020)*.

Corporate Tax Deadlines

Corporations that would otherwise have a filing deadline in June, July, or August 2020 would have their deadline extended to September 30, 2020*. The previously extended deadline of June 1 for returns due after March 18 and before June 1 is not being extended.

  • Penalties and interest will not be charged if payments are made by the extended deadline of September 30, 2020 (includes the late-filing penalty provided return is filed by Sept. 30, 2020)*.

Trust Deadlines

The filing date for the current tax year (including the associated T3 information return) for trusts that would otherwise have a filing due date on March 31, or in April or May 2020 is extended to September 30, 2020*. The previously extended deadline of June 1 for returns due after March 18 and before June 1 is not being extended.

  • Penalties and interest will not be charged if payments are made by the extended deadline of September 30, 2020 (includes the late-filing penalty provided return is filed by Sept. 30, 2020)*.

Interest on Existing Tax Debt

The CRA will be waiving interest on existing tax debts related to individual, corporate, and trust income tax returns from April 1, 2020, to September 30, 2020 and from April 1, 2020, to June 30, 2020, for goods and services tax/harmonized sales tax (GST/HST) returns*.

Filing Returns

The previously extended filing due dates for individual, corporate, and trust income tax returns remain unchanged. However, CRA will not impose late-filing penalties where a current year individual, corporation, or trust return is filed late provided that it is filed by September 30, 2020*.

*Updated July 28, 2020

For more details, please visit https://www.canada.ca/en/revenue-agency/campaigns/covid-19-update/covid-19-filing-payment-dates.html

The preceding information is for educational purposes only.