CRA News
June 2020 Charity & NFP Law Update
Published on June 25, 2020

By Esther S.J. Oh

CRA Filing Deadlines for Corporations and Trusts Extended

In a new release dated May 25, 2020, the CRA acknowledged the impact of the COVID-19 pandemic on Canadian businesses and tax preparers, and indicated that the extension of certain filing deadlines to provide support to Canadians. As mentioned in the April 2020 Charity & NFP Law Update, the filing deadline for T3010 Registered Charity Information Returns originally due between March 18, 2020 and December 31, 2020 has also been extended to December 31 2020.

The filing date for T2 Corporation Income Tax Returns due in June, July or August has been extended to September 1, 2020. In addition, any income tax balance due between March 18 and September 1 will also be due on September 1, 2020.

The filing date for T3 Trust Income Tax Returns due in June, July or August, has also been extended to September 1, 2020, with income tax balances due between March 18 and September also due by September 1, 2020.

Further, the CRA’s Income tax filing and payment deadlines webpage indicates that the filing date for other information returns, including the T1044 Non-Profit Organization (NPO) Information Return, which must be filed by non-profit organizations under paragraph 149(1)(l) of the Income Tax Act (“ITA”), has also been extended to September 1, 2020 where those returns were otherwise due in June, July or August. As with the T2 and T3, income tax balances due between March 18 and September are also due by September 1, 2020.

To avoid penalties and interest, the above returns should be filed with CRA and all payments made by their respective filing dates, unless otherwise extended.

Read the June 2020 Charity & NFP Law Update