On September 14, 2020, the Canada Revenue Agency (“CRA”) posted a notice on its newsroom indicating that the CRA had extended the payment due date for current year individual, corporate, and trust income tax returns, including instalment payments, from September 1, 2020, to September 30, 2020. Penalties and interest will not be charged if payments are made by the extended deadline of September 30, 2020. This includes the late-filing penalty as long as the return is filed by September 30, 2020.
This is a reminder that any amounts owing that have been deferred need to be paid by September 30th, 2020.
Please take note that all amounts that have been deferred with Revenu Quebec are also due on September 30, 2020.