Here are the official deadline deferrals. Please click the links for additional information and contact us at VS Accounting if you have any questions or concerns.
WSIB:
https://www.wsib.ca/en/news-release/wsib-announces-19-billion-financial-relief-ontario-businesses
All employers covered by the WSIB’s workplace insurance are automatically eligible for the financial relief package. This means that businesses can defer premium reporting and payments until August 31, 2020. This premium deferral impacts businesses who report and pay monthly, quarterly or annually based on their insurable earnings.
Additionally, no interest will accrue on outstanding premium payments and no penalties will be charged during this six-month deferral period.
HST
In order to provide support for Canadian businesses during these unprecedented economic times, the Government is deferring Goods and Services Tax/Harmonized Sales Tax (GST/HST) remittances and customs duty payments to June 30, 2020.
To support Canadian businesses in the current extraordinary circumstances, the Minister of National Revenue will extend until June 30, 2020 the time that:
- Monthly filers have to remit amounts collected for the February, March and April 2020 reporting periods;
- Quarterly filers have to remit amounts collected for the January 1, 2020 through March 31, 2020 reporting period; and
- Annual filers, whose GST/HST return or instalment are due in March, April or May 2020, have to remit amounts collected and owing for their previous fiscal year and instalments of GST/HST in respect of the filer’s current fiscal year.
Payroll remittances – Due Dates
See Payroll page for filing deadlines. Unchanged
Tax Deadlines:
https://www.canada.ca/en/revenue-agency/campaigns/covid-19-update/covid-19-filing-payment-dates.html
Individuals
Filing date for 2019 tax year June 1, 2020 (extended)
Payment date for 2019 tax year September 1, 2020 (extended)
Includes the June 15, 2020, instalment payment for those who have to pay by instalments.
Self-employed and their spouse or common law partner – Due dates
Filing date for 2019 tax year June 15, 2020 (unchanged)
Payment date for 2019 tax year September 1, 2020 (extended)
Includes the June 15, 2020, instalment payment for those who have to pay by instalments.
Corporations – Due dates
Filing date for current tax year June 1, 2020 (extended)
Applies to corporations that would otherwise have a filing due date after March 18 and before June 1, 2020.
Payment date for current tax year September 1, 2020 (extended)
Applies to balances and instalments under Part 1 of the Income Tax Act due on or after March, 18 and before September 1, 2020.
Trusts – Due dates
Filing date for current tax year (including the associated T3 information return)
May 1, 2020 (extended) Applies to trusts with a tax year end date of December 31, 2019
June 1, 2020 (extended) Applies to trusts that would otherwise have a filing due date in April or May.
Payment date for current tax year September 1, 2020 (extended)
Applies to income tax balances and instalments due on or after March 18 and before September 1, 2020
Charities – Due dates
Filing date December 31, 2020 (extended)
Applies to charities with Form T3010 due between March 18, 2020 and December 31, 2020
