close
Share with your friends

Canada: Extended late-filing penalty relief, extended HSF credit for employers (Quebec)

Canada: Extended late-filing penalty relief

Relief from late-filing penalties and an extension of time for the employer contribution credit to the health services fund in Quebec are provided in response to the coronavirus (COVID-19) pandemic.

1000

Related content

Late-filing penalty relief

Revenu Quebec confirmed that it will not charge taxpayers late-filing penalties on income tax returns filed by 30 September 2020.

As a result, the measures announced by Revenu Quebec now generally harmonize with those of the Canada Revenue Agency in that it will not impose penalties and interest (including late-filing penalties) on taxpayers who file their income tax returns and make their tax payments by 30 September 2020.

Read an August 2020 report prepared by the KPMG member firm in Canada

Extension for health services fund (HSF) credit

In Quebec, there is a 12-week extension with regard to the employer contribution credit to the health services fund (the HSF credit) for employees on paid leave during COVID-19 pandemic. Thus, the HSF credit (available for employers that qualify for the Canada emergency wage subsidy) is extended to 21 November 2020 (from 29 August 2020), to match the recent extension of the emergency wage subsidy.

Read an August 2020 report prepared by the KPMG member firm in Canada

Other measures

Quebec also announced it will harmonize with temporary federal measures affecting registered pension plans (RPPs) and deferred salary leave plans (DSLPs) in light of COVID-19.

On implementing measures relating to the federal regulation, the changes to the Quebec tax system will only be adopted following adoption of any federal regulation, and these changes will apply on the same dates as the federal measures being harmonized.

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor 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 on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal