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CRA and Quebec Clarify T1 Filing and Payment Deadlines 

Canadian Tax Adviser

 

April 29, 2014

 

The CRA extended the T1 filing deadline to May 5, 2014. The CRA and Revenu Quebec have provided information on the related payment deadlines. 

Individuals with a regular filing deadline of April 30 
The CRA has extended the individual taxpayer's filing deadline to May 5, 2014 (from April 30, 2014). The final payment deadline for such individuals is also extended to May 5, 2014.

 

Revenue Quebec has also extended the individual taxpayer's filing deadline for Quebec personal income tax returns to May 5, 2014 (from April 30, 2014) to harmonize with the federal extension. The final payment deadline for these individuals is also extended to May 5, 2014 (from April 30, 2014).

 

Individuals with business income, with a regular filing deadline of June 15
Individuals with business income and their spouses regularly have until June 15 to file their personal income tax returns. However, the final payment deadline for such individuals is usually April 30.

 

Because June 15, 2014 is a Sunday, the T1 filing deadline becomes the next business day, which is June 16, 2014 for these T1 2013 returns. The final payment deadline for such individuals (and their spouses) is also extended to May 5, 2014.

 

On April 23, 2014, Revenue Quebec announced that individuals reporting business income (and their spouses) have until June 16, 2014 to file their 2013 income tax returns. However, the final payment deadline remains at April 30, 2014. (i.e., the deadline is not extended to May 5, 2014).

 

For more information, contact your KPMG adviser.

 


 

Information is current to April 29, 2014. The information contained in this publication is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's National Tax Centre at 416.777.8500

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