Certain time limits under the Excise Tax Act and the Income Tax Act have been extended in the context of Covid-19.
The following time limits are extended for up to 6 months. However, in all cases, these extensions will not extend beyond December 31, 2020.
- The issuance of an assessment, reassessment, or additional assessment for a registrant’s GST/HST returns or certain amounts of GST/HST payable, penalties, rebates, or interest, that would otherwise have expired on or after May 20, 2020.
- The granting of an extension to file a Notice of objection in respect of an assessment that would otherwise have expired on or after March 13, 2020.
- Applications to the Tax Court of Canada for an extension of time to object to an assessment that would otherwise have expired on or after March 13, 2020.
As noted above, similar measures also apply to the Income Tax Act.
For more information, please follow this link.