GST, HST & Import Duty Tax Deferral

  • The Canadian Revenue Agency (CRA) will allow all businesses, including self-employed individuals, to defer, until the end of June, any GST/HST payments or remittances , as well as customs duty owing on imports. This means that no interest will apply if your payments or remittances are made by the end of June.
  • The deadline for businesses to file their returns is unchanged. Those who are able to, should continue to file their GST/HST returns on time reporting their net tax for the reporting period to help facilitate tax compliance and administration. However, recognizing the difficult circumstances faced by businesses, the CRA won’t impose penalties where a return is filed late provided that it is filed by June 30th.

Reference:https://www.canada.ca/en/revenue-agency/campaigns/covid-19-update/frequently-asked-questions-gst-hst.html