CRA has previously announced that the T2 Corporation Income Tax Return (the T2) and T1044 Non-Profit Organization (NPO) Information Return for non-profits and others that was due between March 18, 2020 and June 1, 2020 can be filed on June 1, 2020.  Now CRA has also announced that T2s and T1044s that are due in June, July or August 2020 can be filed on September 1, 2020.

Incorporated non-profits in Canada that are not charities etc must file the T2, although some may not be aware of that requirement.

Many non-profits, whether incorporated or not, that are not charities may also have to file the T1044 Non-Profit Organization (NPO) Information Return.

The T1044 is only required to be filed by non-profit organizations (NPOs) described in paragraph 149(1)(l) of the Income Tax Act if any of the following are applicable:

  1. it received or is entitled to receive taxable dividends, interest, rentals or royalties totalling more than $10,000 in the fiscal period;
  2. it owned assets valued at more than $200,000 at the end of the immediately preceding fiscal period; or
  3. it had to file an NPO information return for a previous fiscal period.

So some corporations must file both forms, some non-profits that are not incorporated may have to file neither.

Non-profits are sometimes confused because “they don’t pay taxes” why they should file the T2 which is called a T2 Corporation Income Tax Return. Well, I will tell you a secret – many for-profit corporations also don’t have to pay taxes!   Ok and some for-profits should be paying taxes but they inappropriately organize their affairs not to pay taxes.

View Income tax filing and payment deadlines: CRA and COVID-19

Corporations – Deadlines

Filing date for 2019 tax year June 1, 2020 Extended date

Applies to corporations that would otherwise have a filing due date after March 18 and before June 1, 2020.

September 1, 2020 Extended date Further extended as of May 22, 2020

Applies to corporations that would otherwise have a filing deadline in June, July, or August 2020.

Payment date for 2019 tax year September 1, 2020 Extended date

Applies to balances and instalments under Part I of the Income Tax Act due on or after March 18 and before September 1, 2020.

Other information returns, elections, designations and information requests June 1, 2020 Extended date

Unless otherwise noted, applies to other information returns, elections, designations and information requests that would have been due after March 18, 2020, and before June 2020.

September 1, 2020 Extended date Further extended as of May 22, 2020

Unless otherwise noted, applies to other information returns, elections, designations and information requests that are due.

Penalties and interest will not be applied if information returns, elections, designations, and information requests are filed and payments are made by September 1, 2020.

The waiver of penalties and interest for 2019 T1 individual returns and trust returns described above also applies to form T1135 and any elections, forms and schedules that must be filed with the return, provided that they are filed by September 1, 2020.

For 2019 T2 corporate returns, the extension of the filing deadline applies for all purposes. In particular, the extension also applies to form T106, T1135, and any elections, forms and schedules that must be filed with the corporate return.