COVID-19 IMPACT ON BUSINESS – JULY 29, 2020

CANADA REVENUE AGENCY (CRA) TAX PAYMENT DEADLINE EXTENSION The CRA has further extended the payment due date for 2019 individual and 2019 or 2020 corporate, or trust income taxes owing, including instalment payments, from September 1, 2020, to September 30, 2020.  Penalties and interest will not be charged if payments are made by the extended deadline of September 30, 2020. INTEREST ON EXISTING TAX DEBT The …

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