CRA tax deadline summary revised

0

Further to our May 28 tax deadline webinar and May 29 tax blog, the Canada Revenue Agency (CRA) has updated their tax deadline summary to clarify some uncertainties that they had previously confirmed with us. In particular, the CRA page now states:

  • For T2 corporate returns:
    • For returns otherwise due after March 18 and before May 31, 2020, these are due June 1, 2020.
    • For returns otherwise due on May 31, or in June, July, or August 2020, these are due September 1, 2020.
  • For T3 trust returns:
    • For returns otherwise due after March 30 and before May 31, 2020, these are due June 1, 2020.
    • For returns otherwise due on May 31, or in June, July, or August 2020, these are due September 1, 2020.
  • For other information returns, elections, designations and information requests:
    • Unless otherwise noted, filings and responses due after March 18 and before May 31, 2020 are due June 1, 2020.
    • Unless otherwise noted, filings and responses that would have been due on May 31, or in June, July, or August 2020 are due September 1, 2020.

Specifically, this means that T2 returns for November 30, 2019 year ends and partnership returns normally due on May 31, 2020 are now due on September 1, 2020, as previously reported.

The other information in the summary is largely unchanged from the previous version. In particular, forms such as the T106, T1135 and other schedules and elections will be due at the same time as the return in question, including the extension.

Please note, we are currently in the process of archiving older tax news items. For a copy of an older news item not displayed here, please contact CPA Canada Tax. 

Leave a Reply

Your email address will not be published. Required fields are marked *