Tax Measures Under Canada’s COVID-19 Economic Response Plan

Businesses that continue to experience difficulty in making a GST/HST remittance or payment or filing a GST/HST return can contact the CRA to request for the cancellation or waiver of penalties and interest, and/or for a flexible payment arrangement.

Interest on existing tax debts related to GST/HST returns from April 1, 2020, to June 30, 2020, will be waived[77]. Penalties and interest assessed on the taxpayer’s account prior to this period will not be cancelled.

Starting in October[78], the GST/HST Delinquent Filer program will begin, which will hold refunds on non-compliant GST/HST registrants, and address chronic and high-risk delinquent filers.

Deferral of Customs Duty and GST for Importers

In a commercial goods importation context, payments owing for customs duties and GST at a rate of 5% on imports are generally due before the first day of the month following the month in which the statements of accounts are issued to the importers of commercial goods. The Government of Canada has also announced that payment deadlines for statements of accounts for March, April, and May are deferred to June 30, 2020. On June 29, 2020[79], the Government of Canada also confirmed that the customs duty payment deferral was ending as planned on June 30, 2020.

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58

Share