In late-July, the CRA payment deadline was re-extended by one month from September 1st to September 30th for those who either have a balance owing on their 2019 tax return, or who have to make 2020 instalments.

CRA said that it will not charge penalties or interest if payments are made by the extended deadline of September 30th. This includes the late-filing penalty, as long as the return is filed by September 30th.

Those of you who deferred your March 15th and/or June 15th instalments will be able to defer your September 15th payment as well.

Source: InvestmentExecutive.com

This information is provided for general information purposes only. It does not constitute professional advice. Please contact a professional about your specific needs before taking any action.