Significant delays for 2019 paper tax returns

Canada Revenue Agency (CRA) says the 10 per cent of Canadians file their income taxes on paper and their should expect “significant delays” because of COVID-19 measures.

CRA is experiencing delays in processing paper income tax and benefit returns and requests to change returns.

So it is much better to file your 2019 taxes online by June 1, 2020 and register for direct deposit to get refunds faster and avoid interruptions to benefit and credit payments

If you already filed a 2019 paper return that has not been processed yet, you can file it again online using NETFILE certified tax software.

Submit your requests for changes electronically, using Change My Return in My Account or ReFILE. If you have already submitted a request to change your return by mail that has not been processed yet, you may be able to submit it again electronically.

Netfile software 2020 (for tax year 2019)

Simple tax calculator published on this site can be used to calculate approximate taxes you need to pay, but you must use certified software to file your tax return to Canada Revenue Agency (CRA). NETFILE is an electronic tax-filing service that allows you to send your individual income tax and benefit return directly to the CRA using the Internet and a NETFILE-certified software product.

Canadian Revenue Agency (CRA) published list of  certified Netfile software 2020 you need to file tax return for 2019 tax year.

Continue reading “Netfile software 2020 (for tax year 2019)”

Relief measures for individuals and businesses by Revenu Québec

Revenu Quebec Covid-19 response

Québec government follows Federal Government and simplifies the lives of individuals and businesses affected by the exceptional situation stemming from COVID-19.

Government has asked Revenu Québec to apply flexibility measures for individuals and businesses in Québec during income tax filing season.

For individuals:

  • The deadline for filing the personal income tax return has been extended from April 30, 2020, to June 1, 2020.
  • The deadline for paying income tax, contributions or the annual registration fee for the enterprise register related to the 2019 income tax return has been extended to September 1, 2020.
  • If an individual or their spouse carried on a business in 2019, the deadline to file their 2019 income tax return remains June 15, 2020.
  • Required instalment payments normally due on June 15, 2020, is now due by September 1, 2020.

For businesses:

  • The deadline for filing corporate income tax returns due by May 31, 2020, has also been extended to June 1, 2020.
  • The deadline for paying income tax or the annual registration fee for the enterprise register related to the 2019 income tax return has been extended to September 1, 2020.

Revenu Québec is also taking steps to ensure that no individual or business is penalized as a result of the pandemic. All tax audit and collection activities are being suspended, and the organization will show greater flexibility in respect of payment agreements for tax debts.


Check Revenu Québec for the latest relief measures updates https://www.revenuquebec.ca/en/coronavirus-disease-covid-19/relief-measures-for-individuals-and-businesses/

Français https://www.revenuquebec.ca/fr/maladie-a-coronavirus-2019-covid-19/mesures-dassouplissement-pour-les-citoyens-et-les-entreprises/

CRA deferred the filing due date for the 2019 tax returns of individuals

Coronavirus tax deadline extension

In order to provide greater flexibility to Canadians during the coronavirus (COVID-19) outbreak, the Canada Revenue Agency (CRA) deferred the deadline for individuals to file income taxes and has been extended it from April 30, 2020 to June 1, 2020 giving people an extra month to file their returns to the Canada Revenue Agency. The deadline to pay any income tax owed to the government will also be extended, allowing Canadians to pay it off without interest or penalties until August 31, 2020. This relief would apply to tax balances due, as well as installments, under Part I of the Income Tax Act. No interest or penalties will accumulate on these amounts during this period. 

However, the government is still encouraging people who receive benefits under the Goods and Services Tax and the Canada Child Benefit act not to delay the filing of their return to ensure their entitlements for the 2020-21 benefit year are properly determined.

For trusts having a taxation year ending on December 31, 2019, the return filing due date is deferred until May 1, 2020.

Flexibility for Businesses too

The Canada Revenue Agency also will allow all businesses to defer, until after August 31, 2020, the payment of any income tax amounts that become owing on or after today and before September 2020.  This relief would apply to tax balances due, as well as installments, under Part I of the Income Tax Act. No interest or penalties will accumulate on these amounts during this period.

Info sources

The Government’s of Canada announcement about series of tax measures to help support those affected by the COVID-19 virus :
https://www.canada.ca/en/department-finance/news/2020/03/canadas-covid-19-economic-response-plan-support-for-canadians-and-businesses.html

Official information related to Coronavirus disease (COVID-19) :

https://www.canada.ca/en/public-health/services/diseases/coronavirus-disease-covid-19.html

Canadian Government extends tax deadline to June 1, 2020 due to coronavirus

Key dates for the 2019 tax season

2019 tax season key dates

Here are the key dates for 2019 tax season

March 2, 2020Last day to contribute to 2019 Registered Savings Plan (RSP)
June 1, 2020Tax return filing due date has been extended to June 1, 2020 from April 30, 2020 for individuals other than trusts, because of Covid-19. However, for individuals who receive the GST credit or the Canada Child Benefit, it may be beneficial to file sooner to ensure that entitlements under the 2020-21 benefit year are not delayed.
May 1, 2020Because of Covid-19 the tax return filing date for trusts with a December 31, 2019 year end, has been extended to May 1, 2020 from March 30, 2020.
June 15, 2020Last day to file your 2019 tax return if you are self-employed without incurring a possible penalty. Any balance owing must be paid on or before September 1,2020

Tax documents and distribution dates for registered accounts

Expected distribution date
RSP Contribution ReceiptsAll RSP ContributionsWeek of January 6, 2020 for any contributions made between March 2 and December 31, 2019.
Weekly starting January 6, 2020 for contributions made in the first 60 days of 2020.  
NR4 Retirement Savings Plan (RSP)Non-resident withdrawals from RSPMarch 31, 2020
NR4 Retirement Income Fund (RIF)Non-resident withdrawals from RIFMarch 31, 2020
T4RSPWithdrawals from RSPMarch 2, 2020
T4RIFWithdrawals from RIFMarch 2, 2020
Relevé 2Quebec residents – submitted with T4RSP/T4RIFMarch 2, 2020
T4A/Relevé 1Registered Education Savings Plan (RESP) withdrawalsMarch 2, 2020
T4A/Relevé 1Registered Disability Savings Plan (RDSP) withdrawalsMarch 2, 2020

Tax documents and distribution dates for non-registered accounts

Expected distribution date
T5/R3 (Mutual Funds)Income Distribution from Corporate Class Mutual Funds and High Interest Saving AccountMarch 2, 2020 from the fund company
T3/RL-16 (Mutual Funds)Income Distribution and Return of Capital from Mutual FundsMarch 30, 2020 from the fund company
T5/R3Dividend and interest income equal to or greater than $50March 2, 2020
T5/R3All Split Corporation incomeMarch 2, 2020
T5008/R18All dispositions (sales, redemptions and maturities) for the tax reporting year.March 2, 2020
T3/RL-16Trust unit incomeMarch 31, 2020
T5013/RL-15Partnership incomeMarch 30, 2020
NR4Distributions to non-residentsMarch 31, 2020
1042SUS Source Income* Reporting for Simple Trust, Grantor Trust, and Partnership reportingMarch 16, 2020
1099INTU.S. person receiving interest incomeJanuary 31, 2020
1099DIVU.S. person receiving dividend incomeJanuary 31, 2020
1099B SubstituteU.S. person receiving proceeds from saleFebruary 17, 2020
Other non-government reportsInvestment Income Summary if receiving a T5March 2, 2020
Trading SummaryMarch 2, 2020
Summary of Trust Income, excluding Mutual FundsMarch 30, 2020
Pending Trust Unit SummaryMarch 30, 2020