COVID-19 Tax Update: Extension to T2 and T3 filing deadlines

The Canada Revenue Agency has updated its website which sets forth the extended filing due dates for various entities as a result of COVID-19 (link). Extended to September 1, 2020 is the deadline to file a T2 corporate income tax return or a T3 trust information return that would otherwise have a filing due date between June 1, 2020 and August 31, 2020. The filing extension for T2 corporate returns also applies to form T106, T1135 and any elections, forms or schedules that are required to be filed with the corporate return. The September 1, 2020 payment date for income tax balances and instalments otherwise due on or after March 18, 2020 and before September 1, 2020 remains unchanged.

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 »