Companies that pay corporate income tax in Alberta are afforded more time to meet their corporate tax payments deadline. A new, extended due date—30 September 2020—is provided as a relief measure in response to the coronavirus (COVID-19) pandemic.
Alberta announced it will extend its provincial corporate income tax payment deadline to 30 September 2020 (from the previous extended date of 31 August 31, 2020) and will waive arrears interest from 18 March 2020 to 30 September 2020 on existing debts owing under the Alberta corporate tax law.
Alberta's announcement reflects recent changes by the Canada Revenue Agency (CRA) to extend the federal corporate income tax payment deadline and interest relief measures as a result due to the COVID-19 pandemic. As with the CRA's recent announcement, Alberta also says it will not impose a late-filing penalty on taxpayers who file certain corporate income tax returns by 30 September 2020.
Read an August 2020 report prepared by the KPMG member firm in Canada
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