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CRA filing and payment deadline for 2020 tax year

CRA filing and payment deadline for 2020 tax year

April 30 is fast approaching; this is the filing deadline for most individuals.  However, this is not the case for everyone, filing and payment deadlines depends whether you are an employed individual or self-employed individual, a corporation, and the list goes on.  Below is a summary of filing and payments deadline for 2020 tax year.

Employed Individuals, or

Deceased employed individuals and cohabiting spouse or common-law partner

(if the death occurred between January 1 and October 31, 2020, inclusive)

  • Filing – April 30, 2021
  • Payment – April 30, 2021

Deceased employed individuals and cohabiting spouse or common-law partner

(if the death occurred between November 1, 2020 and before May 1, 2021)

  • Filing – 6 months after the day of individual’s death
  • Payment – 6 months after the day of individual’s death

Self-employed Individuals, or

Deceased self-employed individuals and cohabiting spouse or common-law partner

(if the death occurred between January 1 and December 31, 2020, inclusive)

  • Filing – June 15, 2021
  • Payment – April 30, 2021

Corporations

  • Filing – 6 months after the end of the corporation’s tax year (ex. End of tax year is March 31, so deadline of filing is September 30)
  • Payment – 3 months after the end of the corporation’s tax year (ex. End of tax year is March 31, so deadline of filing is June 30)

Charities

  • Filing – 6 months after the end of the corporation’s tax year (ex. End of tax year is March 31, so deadline of filing is September 30)
  • Payment – not applicable

For other deadlines, please refer to the source below.

If you need help in filing your taxes, please contact us. www.bridgingnumbers.ca/contact-us

Source: https://www.canada.ca/en/revenue-agency/campaigns/covid-19-update/covid-19-filing-payment-dates.html