To reduce financial hardship for Canadians due to the COVID-19 outbreak, the Canada Revenue Agency (CRA) has extended the deadline to file your 2019 tax return to June 1, 2020.
If you moved to Canada in 2019, you need to file a tax return even if you lived in Canada for a short amount of time. The original deadline to file your taxes was April 30, 2020.
Also if you owe taxes, you can defer the amount that you owe until after August 31, 2020. In addition:
- You will not have to pay interest or penalties on any amount owing during this period
- The CRA will now accept electronic signatures on tax documents so that taxpayers and tax-preparers can avoid contact
- The CRA is extending its Outreach Program to help you understand your tax obligations.
The CRA Outreach Program will now be available over the phone and through webinars.
The tax deferrals are part of the federal government’s wider COVID-19 Economic Response Plan.
The Federal government will also be providing $27 billion in direct assistance to Canadian workers and families.
We will keep you posted with additional updates that are important to newcomers in the coming days and weeks.
In the meantime, stay healthy and positive during this unusual situation.