COVID-19: Economic Relief Measures Announced to Date

  • On March 27, 2020, the Government of Canada announced that it would defer to June 30, the due dates of the GST/HST collected by the following persons (including self-employed individuals registered for GST/HST purposes) and for the following periods:
    • Monthly filers for GST/HST collected for the February, March and April 2020 reporting periods;
    • Quarterly filers for the GST/HST collected for the January 1, 2020 through March 31, 2020 reporting period; and
    • Annual filers, for GST/HST returns or instalments are due in March, April or May 2020, for GST/HST collected and owing for their previous fiscal year and for instalments of GST/HST in respect of the filer’s current fiscal year.
  • 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, on March 27, 2020, that payment deadlines for statements of accounts for March, April, and May are deferred to June 30, 2020.
  • For more information, see the Department of Finance Canada’s news update of March 27, 2020.[45]

Tax Court of Canada

  • The Tax Court of Canada has cancelled all sittings and conference calls scheduled between March 16, 2020, and May 1, 2020, inclusively. The Court will reassess on April 14, 2020. The Registry will contact affected parties directly. The Registry offices of the Tax Court of Canada are closed for all other business until further notice.

For more information, see the Tax Court of Canada’s notice to the public and the profession of March 23, 2020.[46]

Canada Account business support

  • The Minister of Finance will now be able to raise the limit of the Canada Account in order to deal with the COVID-19 outbreak. The Canada Account is used to support exporters when necessary and in the national interest. Exporters can receive support through loans, guarantees or insurance policies.
  • The Canada Account is adminstered by Export Development Canada.
  • Announced on March 18, 2020. EDC’s Coronavirus Campaign website may be found here. To contact EDC directly, call 1-800-229-0575 or e-mail tradeadvisor-conseiller@edc.ca.[47][48]

Canada Revenue Agency flexibility for businesses in respect of paying and filing taxes

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