Additional measures from the CRA

The Canada Revenue Agency (CRA) has announced additional measures on March 26, 2020 in regard to the extension of tax reporting deadlines. These measures are in addition to the income tax filing and payment deadline extensions previously announced as part of the fiscal measures taken in response to COVID-19.

Additional measures are as follows:

• Taxpayers may defer a number of other administrative tax actions required under the Income Tax Act (ITA) that are due after March 18, 2020, until June 1, 2020. The actions that can be deferred are:
   
  • Filing a tax return
  • Filing an information form
  • Filing an election form or return
  • Filing designations
  • Providing responses to information requests
     
• The following tax returns and information forms are not part of the above measure and are extended to May 1, 2020:
   
  • T3 – Trust Income Tax and Information Return
  • T5013 – Statement of Partnership Income, with a due date on or before May 1, 2020
  • NR4 - Statement of Amounts Paid or Credited to Non-Residents of Canada information return

This announcement only covers the deferral of tax filing due dates. It does not cover the deferral of payments or remittances of taxes. Also not covered under these additional measures are filing requirements under subsection 37(11) of the ITA in relation to Scientific Research & Experimental Development (SRED) and paragraph 127(9)(m) in relation to investment tax credits.