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Canada: Credits, benefits for individual taxpayers to continue until September 2020 (COVID-19)

Canada: Credits, benefits for individual taxpayers

The Canada Revenue Agency (CRA) announced that individual taxpayers currently receiving the goods and services tax (GST) / harmonized sales tax (HST) credit or Canada child benefit payments will continue to receive these payments until the end of September 2020—even if their 2019 individual (personal) tax return has not yet been assessed.

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The extension of the GST/HST credit or child benefit payments is intended to accommodate the extended filing deadline for 2019 individual (personal) tax returns to 1 June 2020 (an extension provided as relief from implications of the coronavirus (COVID-19) pandemic).

Taxpayers whose 2019 returns have not been assessed in time to calculate benefit or credit amounts for the July to September period may continue to receive these payments based on information from their 2018 tax return.

The CRA noted that individual taxpayers whose 2019 tax returns are not received and assessed by early September 2020 will cease receiving their estimated benefits or credits in October 2020, and will also have to repay the estimated amounts that were issued to them starting in July 2020.

Read a May 2020 report prepared by the KPMG member firm in Canada

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