Resources for CPAs during the COVID-19 crisis

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Mitigation measures regarding the various obligations of Quebec businesses

Last update: March 27, 2020, 5:45 p.m.

New federal and provincial tax measures

Individuals

 

Individuals

Deadline New deadline (FEDERAL)  New deadline (QUEBEC)
Filing of tax returns for the 2019 taxation year April 30, 2020 June 1, 2020 June 1, 2020
Filing of tax returns for the 2019 taxation year for individuals (or their spouse) who operate a business or are responsible for a family-type resource or an intermediate resource June 15, 2020 No specific reference June 15, 2020
Payment of income tax for the 2019 taxation year for all individuals April 30, 2020 After August 31, 2020 (date currently not specified by the Department of Finance) September 1, 2020
Payment of QPP and HSF contributions and QPIP and RAMQ premiums for the 2019 taxation year April 30, 2020 Not applicable September 1, 2020
Payment of tax instalment due on June 15, 2020 June 15, 2020 After August 31, 2020 (date currently not specified by the Department of Finance) September 1, 2020
 Filing of form T1135 Foreign Income Verification Statement for individuals April 30, 2020  June 1, 2020  Not applicable

Trusts

Trusts Deadline  New deadline (FEDERAL) New deadline (QUEBEC) 
Filing of tax returns for trusts with a December 31 taxation year-end March 30, 2020 May 1, 2020

May 1, 2020 for trusts other than specified investment flow-through (SIFT) trusts

March 30, 2020 for SIFT trusts

Filing of tax returns for trusts whose taxation year ends on a date other than December 31, 2019 Within 90 days of the taxation year-end No specific reference No specific reference
Payment of income tax (for trusts other than SIFT trusts) Within 90 days of the taxation year-end After August  31, 2020 for the payment of any income tax amounts that become owing as of March 18, 2020 and up to August 31, 2020 (date currently not specified by the Department of Finance) September 1, 2020 for any tax balance, in respect of the 2019 taxation year, which would be due as of March 17, 2020  
Payment of income tax (for SIFT trusts) Within 90 days of the taxation year-end After August  31, 2020 for the payment of any income tax amounts that become owing as of March 18, 2020 and up to August 31, 2020 (date currently not specified by the Department of Finance) September 1, 2020 for any tax balance owing whose due date falls within the period beginning on March 17, 2020 and ending on August 31, 2020
Payment of tax instalment due no later than June 15, 2020 (for trusts other than SIFT trusts) June 15,  2020 After August 31, 2020 (date currently not specified by the Department of Finance) September 1, 2020
Payment of tax instalments for SIFT trusts Monthly After August 31, 2020 (date currently not specified by the Department of Finance) September 1, 2020 for instalments due during the period beginning on March 17, 2020 and ending on August 31, 2020

Corporation

Corporation  Deadline New deadline (FEDERAL) New deadline (QUEBEC) 
Filing of tax returns  Within 6 months of the taxation year-end June 1, 2020 for corporations whose filing deadline falls within the period beginning after March 18, 2020 and ending before June 1, 2020 June 1, 2020 for corporations whose filing deadline is before May 31, 2020
Payment of income tax Within 2 months of the taxation year-end (or within 3 months for corporations eligible for federal CCPC status) After August  31, 2020 for the payment of any income tax amounts that become owing as of March 18, 2020 and up to August 31, 2020 (date currently not specified by the Department of Finance) September 1, 2020 for any tax balance owing whose due date falls within the period beginning on March 17, 2020 and ending on August 31, 2020
Payment of tax instalments Monthly or quarterly After August  31, 2020 for the payment of any amounts that become owing as of March 18, 2020 and up to August 31, 2020 (date currently not specified by the Department of Finance)
 
September 1, 2020 for any instalment that becomes owing during the period beginning on March 17, 2020 and ending on August 31, 2020

Partnerships

Partnerships Deadline New deadline (FEDERAL) New deadline (QUEBEC)
Filing of information return whose deadline falls on March 31, 2020 March 31, 2020 May 1, 2020 May 1, 2020

Registered charities

 Registered charities  Deadline  New deadline (FEDERAL)  New deadline (QUEBEC)
Filing of information returns Within 6 months of the taxation year-end On December 31, 2020 charities with an information return due between March 18, 2020 and December 31, 2020 No specific reference

GST/HST/QST

To support Canadian businesses in the current extraordinary circumstances, the Minister of National Revenue will extend until June 30, 2020 the time that:

  • Monthly filers have to remit amounts collected for the February, March and April 2020 reporting periods;
  • Quarterly filers have to remit amounts collected for the January 1, 2020 through March 31, 2020 reporting period; and
  • 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. 

Quebec is following the federal government’s lead and allowing businesses to postpone filing until June 30, 2020 their returns and payments in respect of the March 31, April 30 and May 31 QST remittances, without interest or penalties.

The CRA has not specified anything regarding filing deadlines.

Easing of requirements for electronic signatures

Effective March 18, 2020, the Canada Revenue Agency will recognize electronic signatures as having met the signature requirements of the Income Tax Act, as a temporary administrative measure. This provision applies to authorization forms T183 or T183CORP. 

Going forward, Revenu Québec will accept that tax return preparers use electronic signatures on certain forms their clients need to sign. The forms in question are form TP-1000.TE-V (for individuals) and form CO-1000.TE (for corporations).

Additional relief measures regarding filing deadlines announced by the CRA –  March 26, 2020

Most administrative income tax actions, required under the Income Tax Act (including the filing of returns, forms, elections, designations and responses to information requests), that are due during the period beginning after March 18, 2020 and ending before June 1, 2020 have been deferred until June 1, 2020. This includes corporate income tax returns (T2s) and T1134 forms (Information Return Relating To Controlled and Not-Controlled Foreign Affiliates). 

The deadlines for filing NR4 information returns and trust returns have been deferred until May 1, 2020. 
No relief measures have been announced regarding the filing requirements for claiming scientific research and experimental development (SR&ED) expenses or tax credits. 

Note that source deductions and all related activities (except to the extent that they relate to reducing payments related to the temporary wage subsidy) must still be filed within the prescribed deadlines.

The CRA has not proposed any other changes concerning payment dates. 

Additional relief measures issued by Revenu Québec regarding filing deadlines – March 27, 2020

The deadline for administrative tax actions has been extended until June 1, 2020, including the filing of corporate income tax returns normally due by May 31, 2020.

Chambre des notaires
Documents Normally Relief
Deadline for filing the annual report on trust accounting of notaries and auditor’s report
March 31 Postponement to June 1, 2020 of the filing due date of the annual report on trust accounting and auditor’s report in lieu of March 31 
Ministère de la Famille
Documents  Normally Relief
Financial statements (AFRs) and audit reports (occupancy, compensation and home daycare service providers)  June 30 Awaiting directives from the ministry.
Technical questions regarding the implications of the closure of childcare centres (among others) for computing the hours worked by educators   Awaiting directives from the ministry.
Ministère des Affaires municipales et de l'Habitation
Documents Normally Relief
Financial statements Normally May 15 (December 31 year-end)

April 15 for controlled transit companies
 

The Ministère des Affaires municipales et de l’Habitation will exercise administrative tolerance with respect to the 2019 financial report filing deadline.

This tolerance will be proportionate to the duration of the exceptional measures and will be adapted to the filing dates prescribed by the laws applicable to each type of organization.

Accountability reporting of subsidized projects

Between 3 and 6 months following completion of the work

The Ministère des Affaires municipales et de l’Habitation will exercise administrative tolerance with respect to the 2019 financial report filing deadline.

This tolerance will be proportionate to the duration of the exceptional measures and will be adapted to the filing dates prescribed by the laws applicable to each type of organization.

VFM audits    Awaiting directives from the ministry.
Ministère de la Santé et des Services sociaux
Documents Normally Relief
Deadline for financial statements for the period ending March 31 (including special engagements on hours worked and units of measure) June 15 Awaiting directives from the ministry.
Ministère de l'Économie et de l'Innovation
Documents Normally Relief
Cooperatives other than housing cooperatives under agreement with the CMHC 6 months after year-end for presentation to the general meeting

30 days after the meeting for filing with the Minister 
Awaiting directives from the ministry.

Housing cooperatives under agreement with the CMHC

4 months after year-end for presentation to the general meeting Awaiting directives from the ministry.
Retraite Québec
Documents Normally Relief

Deadline for filing the annual information return (AIR) and financial statements

6 months after year-end No postponement at this point, but the situation is being reviewed daily.
Canada Mortgage and Housing Corporation (CMHC)
Documents Normally Relief
Deadline for presenting the financial statements to the general meeting 4 months after year-end Awaiting directives from the CMHC
Société d'habitation du Québec (SHQ)
Documents Normally Relief
Deadline for presenting the financial statements to the general meeting 6 months after year-end Awaiting directives from the SHQ
RECYC-QUÉBEC
Documents  Normally Relief
Report on the results of applying specified auditing procedures for the period from January 1 to December 31, 2019 under the Agreement relating to the consignment, the recuperation and the recycling of non-refillable beer and soft drink containers, dated January 1, 2019   Postponement to April 30 in lieu of March 31

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