The CRA has further extended the payment due date for current year individual income tax returns, as well as for instalment payments, from September 1, 2020, to September 30, 2020. Penalties and interest will not be charged if payments are made and returns are filed by the extended deadline of September 30, 2020.
Today, the Honourable Diane Lebouthillier, Minister of National Revenue is announcing that benefit payments will continue for an additional three months for those who are not able to file their 2019 returns on time.
Eligible Canadians who are presently receiving the Goods and Services Tax/Harmonized Sales Tax (GST/HST) credit and/or the Canada child benefit (CCB) will continue to receive these payments until the end of September 2020.
As previously announced as part of Canada’s COVID-19 Economic Response Plan, the tax filing deadline has been extended from April 30 to June 1, 2020.
The Canada Revenue Agency (CRA) expects many Canadians will need to take advantage of the extended deadline. Therefore, if the 2019 tax return is not assessed, and to allow time to calculate benefits and/or credits for the July to September 2020 payments, payment amounts will be based on information from 2018 tax returns.
If 2019 tax returns are not received and assessed by early September 2020, estimated benefits and/or credits will stop in October 2020 and the taxpayer will have to repay the estimated amounts that were issued as of July 2020.
The CRA encourages Canadians to file their tax returns by June 1, 2020 or as soon as possible in order to receive the right amount of benefits based on their 2019 tax return, and in order to ensure continuity of benefits beyond September 2020. The CRA has helpful information and a step-by-step guide to help Canadians complete their taxes.
To help file taxes, free virtual clinics will be offered by local organizations, in partnership with the CRA’s Community Volunteer Income Tax Program (CVITP) and the joint CRA and Revenu Québec Income Tax Assistance – Volunteer Program.
These clinics will be held on an interim basis to help those with low and modest incomes and a simple tax situation who are looking for support during tax season.