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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.

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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.

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