The Canada Revenue Agency announced May 25 that it has extended some of the filing deadlines for corporations and trusts to September 1, 2020 due to the impact of the COVID-19 pandemic on businesses and tax preparers.
The CRA will allow all businesses to defer T2 corporation income tax returns otherwise due in June, July or August, to September 1, 2020. As previously announced by the CRA, any income tax balance due on or after March 18 and before September 1 will also be due by September 1, 2020.
T3 Trust Income Tax Returns
The deadlines for trust returns otherwise due in June, July or August, have been extended to September 1, 2020. Any income tax balance due on or after March 18 and before September 1 will also be due by September 1, 2020.
