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Alberta extends SR&ED and other tax deadlines

Alberta extends SR&ED and other tax deadlines

Alberta will allow additional time for corporations to make certain filings

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Alberta has extended certain tax deadlines for up to six months due to COVID-19. Specifically, Alberta says it will extend SR&ED filing deadlines that occurred on or after March 13, 2020 by six months or to March 31, 2021, whichever date comes first. Further, Alberta will allow taxpayers additional time to apply for an extension to file a notice of objection (although there is no extension to the 90-day period to file the notice itself).

These deadline extensions follow similar previously announced federal extensions (see TaxNewsFlash-Canada 2020-71, "COVID-19 — Canada Stretches Tax Assessment Periods").

Alberta SR&ED Tax Credit

Taxpayers who file Alberta SR&ED claims will now have up to an additional six months to make these filings, until March 31, 2021 at the latest.

Alberta has extended the SR&ED filing deadlines by six months for corporations with taxation years ending from June 13, 2018 to December 31, 2018, and whose SR&ED filing deadlines are otherwise from March 13, 2020 to September 30, 2020.

In addition, Alberta has extended the SR&ED filing deadlines to March 31, 2021 for corporations with taxation years ending from January 1, 2019 to June 29, 2019, and whose SR&ED filing deadlines are otherwise from October 1, 2020 to March 29, 2021.

Application for extension to file notices of objections

Corporations that missed the deadline to file a notice of objection with Alberta and now intend to apply for an extension will have up to an additional six months to apply, until December 31, 2020 at the latest. This extension applies to applications which would otherwise have been due on or after March 13, 2020 and before December 31, 2020.

This extension also applies to the application to the Court of Queen's Bench of Alberta for an extension to file a notice of objection if Alberta's Tax and Revenue Administration refuses the initial application. This extension applies to periods which would otherwise have expired on or after March 13, 2020 and before December 31, 2020.

For more information, contact your KPMG advisor.

Information is current to October 20, 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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