CRA Ponders Extending Tax Deadline

The Canada Revenue Agency (CRA) is considering giving Canadians additional time to file their 2019 income taxes as a result of the coronavirus outbreak.

CRA has said that the federal government is evaluating a number of steps it can take to alleviate financial hardship for Canadian taxpayers and businesses caused by the coronavirus, including changes to the deadlines to file personal income taxes, which is currently scheduled to conclude on April 30.

Prime Minister Justin Trudeau has also signaled there will be flexibility during tax season this year.

"By the end of the week we will have more to say about changes for the upcoming tax season," Trudeau said on Tuesday.

There have been other times when the CRA made similar moves, including offering taxpayer relief during the 2019 floods in Ontario, Quebec and New Brunswick and extending the filing deadline in 2015 by several days after CRA systems were affected by the Heartbleed computer virus.