The Government Of Quebec Is Postponing The Tax Deadline This Year
This is just the latest relief measure for residents of Quebec.
- The government is postponing the Quebec income tax file deadline as efforts to stop the spread of COVID-19 have forced some people to self-isolate at home.
- This is just the latest relief measure for residents of Quebec.
Those who were worried about how they'll file taxes while in self-isolation due to COVID-19, rest easy! The government has made residents' life easier by postponing the Quebec income tax file deadline to June 1, 2020. Provincial taxes you might owe won't need to be paid until July 31, 2020.
The original deadline to file your taxes on April 30 might intersect with the mandatory self-quarantine imposed by some companies. CAQ Finance Minister Eric Girard said that the current a difficult situation" for many individuals and business owners.presents "
As most businesses and all municipal offices are closed for the foreseeable future, the government anticipates that Quebec's economy will be highly affected during the pandemic.
Businesses and companies will still be required to file their taxes by the April 30 deadline, however, but won't need to pay taxes owed until July 31.
At a press conference, Girard noted that more than $7 billion in taxes will be delayed.
"More than two million individuals and 500,000 businesses will have more time and more liquidity that represents $ 7.7 billion in the Quebec economy," he said.
Despite the extension, the CAQ does recommend that you file your taxes by the original deadline April 30 if you're able to do so.
If that happens, your return will be processed on time.
Vulnerable taxpayers should know that filing their taxes by the original April 30 deadline will allow them to receive their refunds in the original timeframe.
Withof COVID-19 in the province, the government's precautionary measures have mounted by the day.
Absolutely no penalties will be imposed on individuals who delay paying back their taxes owed until July 31.
When the CAQ tabledseven days ago, it promised that the economy would be prepared to face the uncertainty posed by the outbreak.
Responding to the potential effects of the pandemic, Girard said that "Québec is ready to cope with the uncertainties in the global economy. Its strong economy and sound public finances will make it resilient to the potential economic disruptions."
Quebec health officials released guidelines for individuals to follow to help stop the spread of COVID-19 in the province, you can read about them.
More information on hygiene practices during the pandemic is available on the Government of Canada's website here.