Read the follow-up article to this for the most up-to-date information: COVID-19: Economic Response Plan – Legislative Update On March 18, 2020, Prime Minister Trudeau announced Canada’s COVID-19 Economic Response Plan. The plan includes some proposed tax and non-tax measures aimed at relieving economic hardship during the COVID-19 pandemic. Note: None of the proposed measures […]
Are You a Trustee of a Canadian Personal Family Trust? T3 Returns Are Due March 30th
A few things to note: The 2019 T3 returns are due Monday, March 30, 2020 (as 2020 is a leap year). Starting for the 2021 year: You must file a T3 return with the CRA (with only a few exceptions) even if there is no activity, tax owing or distributions to beneficiaries. Penalties for not […]
