When is the Deadline for Filing for 2020 Tax Year?

A calculator to use to help you know when to file for 2020 tax year.

When is the deadline for filing taxes this year for 2020? It is a good question because with the pandemic still ranging on, many Canadians are not sure. Last year, the deadline was extended but what about this year? Here are some dates that you need to know.

When is the Deadline for Filing for 2020 Tax Year? Individuals

If you go to the government of Canada’s website, the deadline for individuals this year is April 30, 2021. Also, if you are going to owe any amount in taxes for the year 2020, the due date for payment is also April 30, 2021. If you do not pay any amounts owing by this date, you could incur a late filing fee and interest on the amount owing.

Deadline For Self Employed Individuals and their Cohabiting Spouse or Common Law Partner

The government of Canada website indicated that the deadline for self employed individuals, spouses, or common law partners is June 15, 2021. However, the deadline for any amount owing in taxes for these ones is April 30, 2021. If taxes owing are not paid by then, you could incur a late filing fee and interest on amount owing.

Deadline to File a Deceased Person’s Return

The government of Canada’s website says that if a person died between January 1, 2020 and October 31, 2020, the deadline to file the deceased person’s return is April 30, 2021. And the deadline to pay any tax owing on the deceased person’s return is also April 30, 2021.

If the person died after October 31, 2020 and before May 1, 2021, then the deadline to file the deceased person’s return is six months after date of individual’s death. The deadline for taxes owing on deceased person’s return is also six months after individual’s death. However, the surviving cohabitating spouse or common law would still have to pay any tax owing on their returns by April 30, 2021.

Deadline for Corporations

The deadline for for corporations is six months after the end of the corporation’s tax year.

When is the Deadline for Filing Taxes for 2020 Tax Year? Conclusion

Tax season is upon us but it looks like dates of filing are back to the status quo. However, it is good to know that because many might think differently due to the pandemic. But it is always good to check because no one wants to pay any extra interest or late filing fees. Stay safe out there.