Prime Minister Justin Trudeau announced the deferral of the GST/HST payments until “June of this year”.
In this respect, the CRA has provided some clarity and has indicated that the deadline to pay will be extended to June 30, 2020 (the “Deadline Date”) and the following amounts will have to remitted by the Deadline Date:
(i) Monthly filers have to remit amounts collected for the February, March and April 2020 reporting periods;
(ii) Quarterly filers have to remit amounts collected for the January 1, 2020 through March 31, 2020 reporting period; and
(iii) Annual filers, whose GST/HST return or instalment are due in March, April or May 2020, have to remit amounts collected and owing for their previous fiscal year and instalments of GST/HST in respect of the filer’s current fiscal year.
Source Tariq N, CPA, CA on Linkedin
Latest Posts in "Canada"
- Importer of Record to Share Joint Liability for Customs Duties and Taxes Starting January 2026
- Canadian House of Commons Considers Bill C-15 on Tax Measures and GST/HST Coupon Restrictions
- Canada Scraps Digital Services Tax in Budget Implementation Bill
- Canada’s 2025 Budget Introduces Reverse Charge to Combat GST Carousel Fraud in Telecom Sector
- Canada’s 2025 Budget Introduces GST/HST Reverse Charge to Combat Supply Chain Carousel Fraud
