This week, the CRA officially moved the tax filing deadline for individuals from April 30 to June 1. The deadline for self-employed workers has not changed and remains June 15.
For both individuals and self-employed workers who have a balance owing after filing their return, the payment deadline has been moved from April 30 to August 31. This means you can file on June 1 (or June 15 if you’re self-employed) and remit your payment on August 31 without incurring late-payment interest.
Our office remains open for you to drop off your tax documents. However, we encourage you to consider the electronic alternatives discussed in an earlier post.
Normally, our office transitions towards taxes in March, but due to the high volume of inquiries related to investments, we have not yet done so. Since the government has extended the filing deadline by one month, we will move our season accordingly and start returns in April.
As mentioned previously, our standard two-week turnaround will also be affected because of these extraordinary events. It may take a little longer than usual completing your return, but we’ll do everything in our power to ensure a reasonable turnaround time.
Although we are accepting tax documents in-person, we are only taking annual reviews by phone or Skype. We are continuing to provide services while abiding by the restrictions imposed by BC’s Provincial Health Officer. Of course, the situation remains highly fluid and we’ll continue to update you on any changes as they happen.
Our most important priority is the prosperity, health and safety of our clients. We are here for you and will work tirelessly to help you during these uncertain times.