Canada Revenue Agency (CRA) has announced new programs today, which include:
- The extension of the personal tax filing deadlines to June 1, 2020 along with new support programs and tax payment deferrals available to individuals.
- If you expect to receive benefits under the GSTC or Canada Child Benefits, CRA encourages you not to delay the filing of your return to ensure your entitlements for the 2020-21 fiscal year are properly determined.
- Additional support programs and tax payment deferrals to support Canadian businesses facing financial hardship as a result of the COVID-19 pandemic.
Link for more details: https://www.canada.ca/en/department-finance/economic-response-plan.html