close
Share with your friends

Canada: Extended tax deadlines, may affect tax assessment periods (COVID-19)

Canada: Extended tax deadlines

Taxpayers may be affected by new extensions to the periods for which they may be assessed or reassessed by the Canada Revenue Agency (CRA).

1000

Related content

The government has temporarily extended certain tax deadlines and time limits—up to six months—in response to the coronavirus (COVID-19) pandemic. The extended deadlines may apply to the period during which the CRA can assess or reassess a taxpayer's obligations for income tax and GST/HST. Taxpayers therefore need to consider how this change to the statute-barred period may affect their rights and obligations.

In addition to this extension for statute-barred periods, the government has also postponed the filing deadline for certain “scientific research and experimental development” (SR&ED) claims, and the CRA 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).


Read a September 2020 report [PDF 279 KB] prepared by the KPMG member firm in Canada

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