![]() The agency has many Canadian financial institution partners that offer CRA direct deposit enrollment online. The agency encourages you to file early this year to prevent delay in tax assessment or late release of refund, benefits, and other tax credits.Īlso, the CRA advises taxpayers to sign up for a direct deposit. The CRA is aware that the COVID-19 pandemic could delay a taxpayer’s ability to file a return. However, you must still pay all taxes due by April 30, 2021. If you’re self-employed or have a spouse or a common-law partner who is self-employed, you have until Jto file your tax return. Thus, the tax filing and tax payment deadlines for the income year 2020 is April 30, 2020. In 2021, it appears the CRA will stick to the usual deadline. The CRA didn’t charge penalties and interest, including the late-filing penalty, on tax returns filed by September 1, 2020. For tax payments, the deadline was deferred to September 1, 2020, to give Canadians more time to prepare. Instead of April 30, 2020, the tax agency moved the tax filing deadline for individuals and corporations to June 1, 2020. The early measures to help Canadian taxpayers cope with the health crisis were the tax filing and tax payment deadlines for the income year 2019. COVID-19 brought sudden economic disruptions in 2020 and prompted the Canada Revenue Agency (CRA) to issue tax alerts. ![]()
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