CRA extends tax payment deadline until September 30

Must Read

Large power outage in the South Peace

UPDATE as of 10:45pm - Power has been restored to the majority of customers. For updates...

Ardill family ranch celebrates 100 years

FORT ST. JOHN - The Ardill family is celebrating 100 years of ranching in British Columbia in...

Two more cases of COVID-19 confirmed in Northern Health Region, 50 new cases across BC

VICTORIA, B.C. - The total number of confirmed cases of COVID-19 within the Northern Health Region is up to...

OTTAWA, O.N. – The Canada Revenue Agency has been closely monitoring the COVID-19 pandemic and has decided to extend the payment deadline and applying relief to interest on existing debt until September 30, 2020.

The extension is for current year individual, corporate, and trust income tax returns which includes installment payments from September 1, 2020, to September 30, 2020. Any penalties and interest will not be charged as long as payments are made by the September 30th deadline.

The CRA is also waiving any interest on existing tax debts that are related to individual, corporate, and trust income tax returns from April 1 to September 30 and from April 1 to June 30 for goods and services tax/harmonized sales tax (GST/HST) returns.

- Advertisement -

Community Interviews with Moose FM

This, however, does not cancel penalties and interest already assessed on taxpayer’s account prior to this period, it does ensure that existing debt does not continue to grow during this time.

More information can be found on the CRA’s website.

More Articles Like This