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CRA deadline extensions for some non-residents

CRA deadline extensions for some non-residents

The CRA has confirmed a September 1st extension for certain non-resident individuals

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Non-resident individuals making elections under subsection 216(4) or section 217 of the Income Tax Act (the Act) for their 2019 taxation year have until September 1, 2020 to file returns originally due on June 30, 2020. In addition, the CRA says it will not apply penalties (including late filing penalties) and interest where these individuals file returns and make payments by September 1, 2020.

The extension applies to non-resident individuals who would otherwise have to file a T1159, "Income Tax Return for Electing Under Section 216" on June 30, 2020, pursuant to an election under subsection 216(4) of the Act. Filing this return generally allows the non-resident individual to pay Part I tax on their net Canadian-source rental or timber royalty income instead of Part XIII withholding tax on the gross amount. In addition, non-residents that elect under section 217 of the Act to include all qualifying Canadian income on a Canadian income tax return and pay tax on this income under Part I of the Act (instead of Part XIII withholding tax) for the 2019 taxation year may benefit from this extension.

For more information, contact your KPMG advisor.

Information is current to June 23, 2020. The information contained in this publication is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's National Tax Centre at 416.777.8500

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