The Canadian federal government, Ontario, Québec, and Manitoba provincial governments have announced optional sales tax return payments deferral, with no interest or penalties, as follows:
- Table 1. Optional sales tax return payments deferral return periods and deadline. -
All returns, nonetheless,
must be filed by the standard due dates.
The federal and
the provincial sales tax return payments deferrals are more like short-term interest free
loans for businesses. This is because those taxes are taxes collected from
buyers and remitted to the respective governments. In other words, the
businesses are not paying anything out of their pockets. If net tax for the
respective period is negative (i.e. a refund), there is no payment to be
deferred.
Announcements
links:
CRA “Tax
relief and support for businesses in response to tariffs”.
Government of Ontario News Release “Ontario
Taking Action to Protect Workers Amid Economic Uncertainty”.
Revenu Québec “Deferral
of GST/HST, QST and Corporate Income Tax Payments (updated)”.
Manitoba Information Notice RST 25-01 “Government
Extends Tax Payment Deadlines”.
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