COVID-19 – QUICK UPDATE, MAY 28, 2020 / DATES OF PRODUCTION OF INCOME TAX

Hello everyone, dear friends, colleagues and clients,

Our governments previously announced that the tax filing dates were being extended to June 1st while the payment date was extended to September 1st, 2020. Since it is still difficult for many of our clients to send their documents in order to prepare income tax returns for June 1st, the provincial and federal government offers reliefs with respect to the filing dates but, true to themselves, this message is not clearly stated or highlighted.

By doing some research, we found that the production deadlines are also pushed back to September 1st, but it is with certain subtleties.

In Quebec:

By browsing the Revenu Quebec website, in the FAQ (Frequently Asked Questions) section, it is clearly indicated that the production deadline is June 1st, but that there would be no penalties or interest if the declaration is filed no later than September 1st 2020… Uh???? My academic interpretation is that the deadline is September 1st…

Federal:

The federal government has made it clear that there will be no penalties or interest as long as the returns are filed and paid by September 1st. Please note the ‘’and paid’’ notion. Unless the federal authorities clarify this restriction, you must be careful and act diligently when filing income tax returns after June 1st.

For companies:

The production dates for companies with year-ends in December, January and February are all postponed to September 1st, 2020.

Varia:

The National Hockey League playoffs will resume while respecting some social distancing rules. Will we get a virtual parade on the streets in Montreal when the Stanley Cup is won by the CH?

Eric and your entire team of professionals at Porter Hétu International (QC) Inc.

FOR MORE INFORMATIONS:

MONTREAL OFFICE:  accueil@phiq.ca 514-744-1500

ST-HUBERT OFFICE: receptionniste@phiq.ca 450-676-1832

PORTER HÉTU INTERNATIONAL (QC) INC.
790 Blvd Marcel-Laurin, suite 100, Ville St-Laurent, QC H4M 2M6
4755 montée St-Hubert, Suite 102, St-Hubert, QC J3Y 1V4