Extended Alberta corporate income tax payment deferral
Alberta businesses with corporate income tax balances that become owing on or after March 18, 2020, or instalment payments coming due between March 18, 2020 and September 30, 2020, may defer making these payments until September 30, 2020. This payment date now aligns with the recently extended federal corporate income tax payment deferral.
HGA Recommends:
Take the extra month to pay your tax bills – nobody likes giving the government an ‘interest-free’ loan. Make any payments relating to the above before September 30, 2020.
CECRA extension
The CECRA was extended to now include the month of August. Only those tenants approved in the April, May, June and July application are eligible for the August extension.
The original CECRA application only included April through June. July and August require an additional application to be submitted.
If you have been approved for rental assistance and are applying for the July and/or August extension, the deadline to submit your application is September 14, 2020. If you have not yet submitted your application or are still creating it, the deadline to submit new applications that include the July and/or August extension is August 31, 2020.
The extension applications will be available on the CECRA portal shortly.
HGA will continue to update our COVID-19 resource centre with information about government benefits and programs and more information is released.
You can find our resource centre here. If you have any questions, please contact your HGA Advisor or info@hgacpa.com.
