Tax Alert Archives March 2020

COVID-19 Tax Update: Extension to T3 Filing Deadline for Off-Calendar Year Trusts

The Canada Revenue Agency again updated its website which sets forth the extended filing due dates for various entities as a result of COVID-19 (link). This time, the CRA extended to June 1, 2020 the deadline to file a T3…

Prepared by: Chris Marta

Chris Marta is an associate practising in the firm’s Vancouver office. Chris Marta’s practice focuses on domestic and international tax planning for individuals, trusts and corporations. He also represents taxpayers in their disputes with the Canada Revenue Agency. Prior to… more »

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COVID-19 Tax Update: Extension to T2 Filing Deadline

As of March 30, 2020, the Canada Revenue Agency updated the website it maintains setting forth the extended filing due dates for individuals, corporations, trusts and charities (link). In doing so, the CRA explicitly extended the filing due date to…

Prepared by: Chris Marta

Chris Marta is an associate practising in the firm’s Vancouver office. Chris Marta’s practice focuses on domestic and international tax planning for individuals, trusts and corporations. He also represents taxpayers in their disputes with the Canada Revenue Agency. Prior to… more »

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Speculation and Vacancy Tax Declaration Deadline Tomorrow

Despite the COVID-19 crisis, BC has refused to extend the deadline to complete the 2019 Speculation and Vacancy Tax (SVT) declaration, which remains due on March 31, 2020. Each registered owner of residential property in an affected area must complete…

Prepared by: Noah Sarna

Noah is a partner practising in the firm’s Toronto office. Noah’s practice focuses on all aspects of commodity tax, including Goods and Services Tax/Harmonized Sales Tax, land transfer taxes, foreign buyer taxes and vacancy or speculation taxes. Noah assists his… more »

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COVID-19 Tax Update: Deferral of GST/HST Payments

On March 27, 2020, the federal government announced that GST/HST remittances and customs duty payments will be deferred to June 30, 2020.[1] This follows similar announcements from the Provinces regarding provincial sales taxes.[2]

The extension applies to monthly filers that…

Prepared by: Zheting Su

Zheting is an associate at the firm’s Vancouver office. Zheting’s practice focuses on all aspects of transactional/commodity taxes, including the Harmonized Sales Tax (HST), Goods and Services Tax (GST), First Nations GST, provincial sales taxes, realty taxes (such as land/property… more »

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Bill C-13, the COVID-19 Emergency Response Act receives royal assent

After speedy passage through the House of Commons and Senate, Bill C-13 received royal assent on March 25, 2020.

Bill C-13 makes amendments to the wide range of federal Acts needed to implement the Department of Finance’s COVID-19 Economic Response…

Prepared by: Vivian Esper

Vivian is an is an associate working out of the Vancouver office of Thorsteinssons LLP. Vivian’s practice focuses on tax dispute resolution with the Canada Revenue Agency and Tax Court of Canada.  Her practice also includes tax planning involving individuals,… more »

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Quebec Finance Minister releases relief measures in response to the COVID-19 pandemic

On March 17 and 18, 2020, Quebec released Information Bulletins 2020-3 and 2020-4 announcing tax relief measures in response to the COVID-19 pandemic. Among the measures is the postponement to June 1, 2020 of the personal income tax return filing…

Prepared by: Vivian Esper

Vivian is an is an associate working out of the Vancouver office of Thorsteinssons LLP. Vivian’s practice focuses on tax dispute resolution with the Canada Revenue Agency and Tax Court of Canada.  Her practice also includes tax planning involving individuals,… more »

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Tax Court of Canada suspends sittings until May 1st, 2020 and extends certain litigation deadlines

Like businesses that have to close in order to combat the spread of the COVID-19 virus, the Chief Justice of the Tax Court of Canada has closed the Court and Registry offices and issued a Practice Direction and Order dated…

Prepared by: Vivian Esper

Vivian is an is an associate working out of the Vancouver office of Thorsteinssons LLP. Vivian’s practice focuses on tax dispute resolution with the Canada Revenue Agency and Tax Court of Canada.  Her practice also includes tax planning involving individuals,… more »

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