March 2020 - Expert Fiscaliste

2019 Canada’s COVID-19 Flexibility for Taxpayers

In order to provide greater flexibility to Canadians who may be experiencing hardships during the COVID-19 outbreak, the Canada Revenue Agency will defer the filing due date for the 2019 tax returns of individuals, including certain trusts.

For individuals (other than trusts), the return filing due date will be deferred until June 1, 2020. However, the Agency encourages individuals who expect to receive benefits under the GSTC or the Canada Child Benefit not to delay the filing of their return to ensure their entitlements for the 2020-21 benefit year are properly determined.
For trusts having a taxation year ending on December 31, 2019, the return filing due date will be deferred until May 1, 2020

The Canada Revenue Agency will allow all taxpayers to defer, until after August 31, 2020, the payment of any income tax amounts that become owing on or after today and before September 2020. This relief would apply to tax balances due, as well as instalments, under Part I of the Income Tax Act. No interest or penalties will accumulate on these amounts during this period.

In order to reduce the necessity for taxpayers and tax preparers to meet in person during this difficult time, and to reduce administrative burden, effective immediately 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, which are forms that are signed in person by millions of Canadians every year to authorize tax preparers to file taxes.

The Canada Revenue Agency is adapting its Outreach Program to support individuals during COVID-19. Through this service, the Canada Revenue Agency offers help to individuals to better understand their tax obligations and to obtain the benefits and credits to which they are entitled. Traditionally available in-person, this service is now available over the phone, and through webinar, where possible.

For More information on Canada’s COVID-19 Economic Response Plan

About Expert Fiscaliste

Save Your Tax — Contact Expert Fiscaliste

Expert Fiscaliste provides Canadian and international income tax preparation and consulting services to individuals, businesses, and trusts.

If you want to take advantage of our services for your 2019 Tax Return. Give us a call at 514-954-9031, or visit our Contact Tax Experts page.

2019 REVENU QUEBEC DEADLINE JUNE 1, 2020

FLEXIBILITY MEASURES FOR INDIVIDUALS AND BUSINESSES

Québec City, March 17, 2020 – To simplify the lives of individuals and businesses affected by the exceptional situation stemming from COVID-19, the government has asked Revenu Québec to apply flexibility measures for individuals and businesses in Québec during income tax filing season.

Measures aimed at individuals

The deadline for producing and filing income tax return is postponed to June 1, 2020.
For individuals and individuals in business, the deadline for applying balances due related to income tax returns for the 2019 taxation year is postponed to July 31, 2020.
For those who must pay tax instalments, the payment of the June 15, 2020 tax instalment is suspended until July 31, 2020. The date and terms of payment of this amount will be announced shortly. Individuals will have a reasonable period of time to pay the amount due.

The terms and conditions of the flexibility measures can be consulted in the Information Bulletin published by the Ministère des Finances at www.finances.gouv.qc.ca .

Measures aimed at businesses

In the case of businesses, the payment of tax instalments and taxes due as of today is suspended until July 31, 2020. The date and terms of payment will be announced shortly. Businesses will have a reasonable period of time to pay the amounts due.

Measures aimed at tax return preparers and tax return preparation sessions

Relief measures have also been provided for tax preparers. To limit in-person contact, Revenu Québec will now allow preparers to use an electronic signature on some forms that their clients must sign. The forms in question are form TP-1000.TE-V (for individuals) and form CO-1000.TE (for corporations).

A tailored approach

Revenu Québec will also adapt its own approach by limiting its audit and collection activities. With regard to collection measures, Revenu Québec will be open to extending payment agreements on a case-by-case basis.

Measures for employees

As an employer, Revenu Québec must ensure the health and safety of its employees while continuing to provide crucial public and government services.

Below are some of the measures we have put in place:

Employees with secure equipment and network access are authorized to work from home as much as possible.
Meetings of over 250 people have been cancelled in favour of conference calls or video conferencing.
Additional protection measures have been implemented in our client services offices in accordance with government-wide guidelines to maximize virus containment.
A committee is closely monitoring the situation, with members meeting daily to enact measures and update employees as needed.

For More Information

About Expert Fiscaliste

Expert Fiscaliste provides Canadian and international income tax preparation and consulting services to individuals, businesses, and trusts.

If you want to take advantage of our services for your 2019 Tax Return. Give us a call at 514-954-9031, or visit our Contact Tax Experts page.

2019 individual Tax Returns

Tax Preparation — Contact Expert Fiscaliste

It’s that time of the year again to prepare your 2019 Individual Tax Return. Let us Prepare your 2019 Tax Return for you, it’s a simple three step process. To assist you in identifying the information that will be required to properly prepare your tax return see our 2019 Individual Tax Return Checklist.

We will make sure that you get the maximum refund possible and we will provide you with year-round tax support as your Authorized Representative. For more information on Individual Tax Returns or what is new for Individuals or to see our tax calendar for important dates and deadlines.

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