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Canada: Update on tax return filing deadlines and late-filing penalties

|Tax Alerts, Information Reporting, Legislation & Policy, National/Federal Taxation|Canada
Canada

Executive summary

On 25 May and 1 June 2020, the Canada Revenue Agency (CRA) released an update on tax return filing deadlines for corporations, trusts and partnerships. These measures come as welcome relief, especially as the 30 June 2020 filing deadline approaches for many corporations with a 31 December year-end.

The following is a summary of the changes.

Detailed discussion

Extended filing deadlines

The following additional tax return filing deadline extensions were announced for corpor…

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