Ultimate Canadian Calculators Directory
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.
Continue reading “Significant delays for 2019 paper tax returns”
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.
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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.
Continue reading “CRA deferred the filing due date for the 2019 tax returns of individuals”