Quebec - Filing deadline relief

On April 15, 2021, Revenu Quebec announced the following deadline relief:

Revenu Quebec confirms that it will not impose any penalty or interest on citizens who file their income tax return or who pay their tax balance after the deadline of April 30, 2021, but no later than May 31, 2021. This new flexibility measure aims to simplify life for Quebecers who have been affected by the COVID-19 crisis .

The deadline for filing the income tax return and paying the balance of taxes for the 2020 tax year remains Friday, April 30, 2021, at 11:59 p.m. However, no late filing penalty will be applied to citizens who are not able to meet this deadline and no interest will be charged on a 2020 tax balance for the period from 1 st to May 31, 2021.

Press release

Watch! 2020 Issues with Jamie Golombek

A discussion of 2020 personal tax issues and also some budget commentary with Jamie Golombek of the Financial Post.

Originally presented in the Canadian Tax room on “Clubhouse: drop-in audio chat” on April 8, 2021.

For more information about how to join the Canadian Tax Club on Clubhouse click here.

Recorded April 8, 2021

This video is for general information purposes only and deals with dynamic, time-sensitive and complex matters that may not apply to particular facts and circumstances. The information provided should not be relied upon as a substitute for specialized professional advice in connection with any particular matter. For more information visit videotax.com/disclaimer. ©Video Tax News Inc. 2021, All Rights Reserved.

 

Brandable commentary on the Federal Budget to send to your clients.

NOTE: The Federal Budget date has now been released – April 19, 2021.

Inform your clients of implications, planning and practical points to consider.

The Video Tax News Editorial Board uses their specialized tax knowledge and experience to pull the most critical and practical tax updates from the Federal Budget for owner/managers and high-net worth individuals.

Purchase Video Tax News 2021 Federal Budget Commentary brandable publication for you to distribute to your clients. 

Subscribers will receive an easy-to-use master file of this highly-valued publication with 24 hours of the Budget release.

Expect a concise and practical newsletter that you will be proud to distribute!


If you subscribed to last year's 2020 Federal Budget Commentary, your order will be automatically transferred to the 2021 Federal Budget Commentary. Not sure if you already ordered it? Click here and log in to see your past orders. If you have any questions do not hesitate to reach out.

Join the Canadian Tax Club on Clubhouse

Coming up on Thursday at 3:30 AT 2:30 ET, 1:30 CT, 12:30 MT, 11:30 PT: VTN interview with Jamie Golombek of the Financial Post.

If you are interested in participating in a series of weekly Canadian Tax-focused conversations (as either a speaker or listener), consider downloading the “Clubhouse: Drop-in audio chat” App. It is currently only available on IOS systems (Apple products), but an Android version is in development. Members of Video Tax News and the Canadian Tax community will host sessions in the “Canadian Tax” club on a weekly basis. There is no cost.

Examples of recent sessions include:

  • Panel discussion with tax specialists discussing interesting items that have popped up for them in the week

  • Interview with VTN and Tim Cestnick of the Globe and Mail about the upcoming budget

  • Accounting Firm Talk 101: strategies and best practices

What is Clubhouse?

Clubhouse is currently in the beta-test phase. Think of it as a huge conference centre hosting 1,000’s (covering all sorts of topics beyond tax) of real-time interactive podcasts. Once you are on the platform, you can pop into any room you want. You can listen or raise your hand to be invited to speak, make a comment, or pose a question. You can also start your own rooms.

Once you log on, you will be presented with a series of rooms that are currently in session. This page is called the “hallway”. In order for the App to know which types of sessions to populate your hallway with, make sure to join clubs of interest, select your interests, and follow people (friends and colleagues) that have similar interests as you.

Unfortunately, since it is still in the test stage, access is by invite only from current members. We suggest simply posting on social media that you are looking for an invite…and likely one of your contacts will be able to connect. Alternatively, make sure to follow Joseph Devaney on LinkedIn where he will make announcements as additional invites become available to him to share.

If you don’t have a contact that can send one, make sure to check out the comments in this LinkedIn post from Joseph Devaney in which some fellow accountants have offered to share their invites.

https://www.joinclubhouse.com/club/canadian-tax

International Guidance Update

On April 1, 2021, CRA's international guidance webpage was updated.

  • Guidance on relief provided where a non-resident could not obtain a waiver of regulation 102 or 105 withholdings from the CRA due to the delay caused by the service interruption.

  • Section VII, supplemental guidance was added which provides significant commentary on

    • extending the administrative relief in respect of individual income tax residence;

    • clarifying views regarding the effect of the travel restrictions on the determination of a permanent establishment in Canada; and

    • providing an outline of the Canadian income tax and compliance requirements of certain cross-border employees and providing some relief in respect of these requirements.