Income Tax Deferral – Government of Canada
On March 18 the Federal Government announced new financial measures which included the filing deadline extension for the 2020 tax season. Residents now have until June 1 to submit their income tax return to the CRA. The deadline to pay off any outstanding balances interest-free will also be extended, this time to July 31.
The CRA is encouraging those who expect to receive benefits under the Canada Child Benefit not to delay the filing of their return to ensure their entitlements for the 2020-2021 benefit year are accurately determined.