Income Tax Filing & Payment Deadlines: COVID & CRA

Are you concerned about CRA deadlines for filing and paying income tax? There have been several Government of Canada news updates regarding income tax for the 2019 tax year. For individuals, self-employed and corporations, the deadline for filing for the 2019 tax year is June 1, 2020, and the deadline for payment for the 2019 tax year is Sept. 1, 2020. In other words, penalties and interest will not be charged if payments are made by deadlines above.

In addition, the government of Canada has introduced a sign-up option to receive updates from the government of Canada about Coronavirus (COVID -19) and CRA related issues. The service is opt-in and you can unsubscribe from the list at any time. You can subscribe at https://www.canada.ca/en/public-health/services/diseases/2019-novel-coronavirus-infection/subscription-form.html to stay informed.

Please do not hesitate to call Rumanek & Company at 416-665-3328 if you need personal finance help, you are considering personal bankruptcy in Ontario or would like answers concerning filing for either a consumer proposal or bankruptcy in Ontario.

Contact Rumanek & Company Ltd. for more information on bankruptcy in Ontario and debt solutions. Please fill out the bankruptcy evaluation formTo learn more please visit our YouTube Channel. Rumanek & Company have been helping individuals and families overcome debt for more than 25 years.

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