{"id":4729,"date":"2021-02-26T17:23:15","date_gmt":"2021-02-26T22:23:15","guid":{"rendered":"https:\/\/amyotgelinas.com\/deadlines-2020-tax-returns-and-payments\/"},"modified":"2021-02-26T17:23:15","modified_gmt":"2021-02-26T22:23:15","slug":"deadlines-2020-tax-returns-and-payments","status":"publish","type":"post","link":"https:\/\/amyotgelinas.com\/en\/deadlines-2020-tax-returns-and-payments\/","title":{"rendered":"Deadlines: 2020 tax returns and payments"},"content":{"rendered":"

Here are the current deadlines for the year 2020, they relate to the return and payment of income tax for individuals, corporations, trusts and charities :<\/span><\/p>\n

Individuals – Deadlines<\/span><\/h2>\n\n\n\n\n
\n

Production date<\/strong><\/span><\/h3>\n

April 30, 2021<\/span><\/p>\n

Filing your return on time helps you avoid delays and ensure that you receive any refunds, benefits or credit payments to which you may be entitled in a timely manner.<\/span><\/td>\n<\/tr>\n

\n

Payment date for tax year 2020 <\/strong><\/span><\/h3>\n

April 30, 2021<\/span><\/p>\n

To avoid late-filing penalties and interest, you must file your return and make your payment by April 30, 2021.<\/span><\/p>\n

Note that self-employed workers have until June 15 to file their returns. However, tax payments must be made before April 30, 2021. <\/em><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Companies – Deadlines<\/span><\/h2>\n\n\n\n\n
\n

Production date<\/strong><\/span><\/h3>\n

6 months after the end of the company’s tax year<\/span><\/td>\n<\/tr>\n

\n

Payment date<\/strong><\/span><\/h3>\n

Companies are generally required to pay their taxes in monthly or quarterly instalments.<\/span><\/p>\n

The balance of tax for a tax year must be paid two or three months after the end of the tax year, depending on the balance payment deadline.<\/span><\/p>\n

To find out more about company payment deadlines, go to Company payments.<\/a><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Trusts – Deadlines<\/span><\/h2>\n\n\n\n\n
\n

Filing date for current tax year (T3 Trust Income Tax and Information Return)<\/strong><\/span><\/h3>\n

90 days after the end of the tax year<\/span><\/td>\n<\/tr>\n

\n

Payment date for current tax year<\/strong><\/span><\/h3>\n

90 days after the end of the tax year<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Charities – Deadlines<\/span><\/h2>\n\n\n\n\n
\n

Filing date for current tax year (Form T3010)<\/strong><\/span><\/h3>\n

6 months after each tax year<\/span><\/p>\n

Filing deadlines depend on the charity’s fiscal year-end. Form T3010, Registered Charity Information Return, must be filed no later than six months after the end of the charity’s fiscal year, if the charity has a calendar-year fiscal period. <\/span><\/td>\n<\/tr>\n

\n

Payment date for current tax year <\/strong><\/span><\/h3>\n

Not applicable<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Goods and services tax\/harmonized sales tax (GST\/HST) returns<\/span><\/h2>\n\n\n\n\n
\n

Production date<\/strong><\/span><\/h3>\n

30 days after the end of the reporting period for monthly or quarterly filers<\/span><\/p>\n

In general, 3 months after the end of the declaration period for annual declarants; and June 15 for self-employed workers who make an annual declaration and have a fiscal year based on the calendar year.<\/span><\/td>\n<\/tr>\n

\n

Payment date (including instalments) <\/strong><\/span><\/h3>\n

The same date as your GST\/HST return<\/span><\/p>\n

As a general rule, if you are a monthly or quarterly filer, GST\/HST payments are made at the same time as your GST\/HST return, or one month after the end of your fiscal year. If you’re an annual filer, payments are generally due three months after your fiscal year-end. Instalment payments may also be due, and are due one month after the end of each fiscal quarter. <\/span><\/p>\n

To find out more about GST\/HST payment deadlines, go to Remit (pay) the tax you’ve collected – When to remit (pay).<\/a><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Section 216 (4) and section 216 (5) Non-resident persons with Canadian rental income – Deadlines<\/span><\/h2>\n

If you have any questions about this section, please contact Colleen King at 819 425-8691, ext. 3410 or by e-mail at cking@amyotgelinas.com<\/a>.<\/span><\/p>\n\n\n\n\n
A non-resident with rental income, but without a Canadian agent, must remit 25% of gross income to the CRA on the 15th of the month following receipt (his or her liability to Canadian tax ends).<\/span><\/p>\n

However, he may choose to file a section 216 return (note that he has two years after the year-end to do so), with the following exceptions:<\/span><\/p>\n

1. <\/strong>He filed Form NR-6 and remitted non-resident tax on net income only.<\/span><\/p>\n

    \n
  • June 30<\/strong><\/span><\/li>\n<\/ul>\n

    2. <\/strong>He has sold a rental property and needs to recapture depreciation<\/span><\/p>\n

      \n
    • April 30 at the same time as its declaration under Section 116<\/strong><\/span><\/li>\n<\/ul>\n

      Production date <\/strong><\/span><\/h3>\n

      June 30, 2021<\/span><\/p>\n

      If you have sent the CRA Form NR6 and the CRA has approved it for 2020, you must file your 2020 Section 216 tax return by June 30, 2021.<\/span><\/p>\n

      However, whether or not you have completed Form NR6, you must file a Section 216 tax return for 2020 by April 30, 2021 if both of the following conditions apply:<\/span><\/p>\n

        \n
      • You disposed of a rental property in 2020 for which you had already claimed capital cost allowance (CCA).<\/span><\/li>\n
      • You indicate a recapture of CCA on your 2020 tax return.<\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n

\n

Payment date for tax year 2020<\/strong><\/span><\/h3>\n

April 30, 2021<\/span><\/p>\n

If you have an approved NR6 form; to avoid late-filing penalties and interest, you must ensure that your Section 216 tax return is filed by June 30, 2021 and any balance due is paid by April 30, 2021.<\/span><\/p>\n

However, if you have disposed of a rental property for which you have already claimed capital cost allowance (CCA) and are including the recapture of CCA on your Section 216 tax return; to avoid late-filing penalties and interest, you must ensure that your Section 216 tax return is filed on or before April 30, 2021 and that any balance owing is paid on or before April 30, 2021.<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Section 217 Non-residents and deemed residents of Canada – Deadlines<\/span><\/h2>\n

If you have any questions about this section, please contact Colleen King at 819 425-8691, ext. 3410 or by e-mail at cking@amyotgelinas.com<\/a>.<\/span><\/p>\n\n\n\n\n
\n

Production date<\/strong><\/span><\/h3>\n

6 months after the end of the non-resident’s tax year<\/span><\/p>\n

Your section 217 filing due date may be different if you also report other Canadian-source income.<\/span><\/td>\n<\/tr>\n

\n

Payment date for tax year 2020 <\/strong><\/span><\/h3>\n

April 30, 2021<\/span><\/p>\n

To avoid interest, you must make your payments by April 30, 2021.<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Source deductions – Deadlines<\/span><\/h2>\n\n\n\n
\n

Payment date<\/strong><\/span><\/h3>\n

Deadlines depend on the payment periods when you pay or give remuneration.<\/p>\n

Please see How and when to pay source deductions<\/a> for filing deadlines.<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

Information returns, elections, designations and inquiries – Deadlines<\/span><\/h2>\n\n\n\n\n
\n

Filing date for 2020 information returns under the Expanded Information Return Process (Part XVIII) and the Common Reporting Standard (Part XIX) of the Income Tax Act <\/strong><\/span><\/h3>\n

May 1, 2021<\/span><\/p>\n

Your 2020 information return is normally due by May 1, 2021. However, since the deadline falls on a Saturday, the information return is considered on time if it is received or postmarked no later than May 3, 2021. <\/span><\/p>\n

To avoid late-filing penalties and interest, be sure to file your information return by May 3, 2021.<\/span><\/td>\n<\/tr>\n

\n

Filing date for 2020 partnership information return (Form T5013)<\/strong><\/span><\/h3>\n

March 31, 2021<\/span><\/p>\n

This deadline applies to partnerships if, throughout the fiscal year, all partners are individuals. Please submit the partnership information return by March 31, 2021. <\/span><\/p>\n

Five months after the end of the partnership’s fiscal year if, throughout the fiscal year, all partners are corporations, including the ultimate partners of a multiple partnership.<\/span><\/p>\n

In all other cases, please send your return on the earlier of March 31, 2021 or the day that is five months after the partnership’s fiscal year-end.<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n\n\n\n
\n

Filing date for 2020 information return, Statement of amounts paid or credited to non-residents of Canada (Form NR4)<\/span><\/h3>\n

March 31, 2021<\/span><\/p>\n

The NR4 information return must be filed by the last day of March following the calendar year to which the information return applies.<\/span><\/p>\n

In the case of an estate or trust, no more than 90 days after the end of the estate’s or trust’s taxation year.<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

Other income tax liabilities, including :<\/span><\/h2>\n