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COVID-19 — Quebec harmonizes with federal measures

COVID-19 — Quebec harmonizes with federal measures

Quebec has announced additional delays to certain tax filings and payments

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Following a previous announcement, Quebec has now agreed to introduce further delays to these deadlines to harmonize with new federal changes, and has additionally announced that partnerships will now have until May 1, 2020 to file their information return for 2019. As a result of this new announcement, an individual's tax and contribution payments will be extended to past August 31, 2020 (from April 30, 2020), and for a trust that has a tax due date on or before March 30, 2020 for its 2019 tax return, the payment due date will be extended to past August 31, 2020.

Quebec further announced on March 19, 2020 that it will harmonize with the federal government concerning its measure to reduce by 25% in 2020 the amount of mandatory withdrawal from a registered retirement income fund (RRIF).

Download this edition of the TaxNewsFlash to learn more.

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