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Resources for Canadian Businesses (COVID-19)

MODIFIED DATES

Please make note of the extensions granted for tax filings and payments:

Personal Tax Return Filing Date Deferral: The personal tax filing due date will be deferred until June 1, 2020 

Personal Tax Payment Deferral: Taxpayers may defer until  September 01, 2020, the payment of income tax amounts that become owing on or after March 18, 2020 (also including installments) and before September 2020.

Business (Sole-Proprietorship) Tax Return Filing Date Deferral: The personal tax filing due date is still June 15, 2020.

Business (Sole-Proprietorship) Tax Payment Deferral: Taxpayers may defer until  September 01, 2020, the payment of income tax amounts that become owing on or after March 18, 2020 (also including installments) and before September 2020.

Corporation Tax Return Filing Date Deferral: The filing due date will be deferred until June 1, 2020 that would otherwise have a filing due date after March 18 and before June 01, 2020.

Corporation Tax Payment Extension: Corporations may defer until September 01, 2020, the payment of income tax amounts that become owing on or after March 18, 2020 and before September 2020.

ADDITIONAL RESOURCES

SUPPORT FOR INDIVIDUALS https://www.canada.ca/en/department-finance/economic-response-plan.html#individuals

SUPPORT FOR BUSINESSES https://www.canada.ca/en/department-finance/economic-response-plan.html#businesses

HOW TO SET UP YOUR CRA MyAccount  https://www.canada.ca/…/e-serv…/account-individuals.html

APPLYING FOR CANADA EMERGENCY RESPONSE BENEFIT (CERB)?  https://www.canada.ca/…/benefits/ei/cerb-application.html

APPLYING FOR CANADA EMERGENCY BUSINESS ACCOUNT (CEBA)? https://www.canada.ca/en/department-finance/news/2020/03/additional-support-for-canadian-businesses-from-the-economic-impact-of-covid-19.html#_New_Loan_Programs

75% Canada Emergency Wage Subsidy (CEW)? https://www.canada.ca/en/department-finance/economic-response-plan/wage-subsidy.html

10% WAGE SUBSIDY https://www.canada.ca/en/revenue-agency/campaigns/covid-19-update/frequently-asked-questions-wage-subsidy-small-businesses.html

FILING AND PAYMENT DEADLINE EXTENSIONS https://www.canada.ca/en/revenue-agency/campaigns/covid-19-update/covid-19-filing-payment-dates.html