2020 Personal Tax Filing Information
You will begin receiving your 2020 personal tax records and information slips shortly, and to assist you with organizing which documents apply to you we have created a 2020 PERSONAL TAX CHECKLIST.
There are also a number of New Updates and Reminders for you to be aware of as you prepare your documents. We have summarized a list of these for you to read in our 2020 Personal Tax Changes and Updates. This document includes important information about reporting your COVID Emergency and Recovery Benefits, Information regarding Canada Recovery Benefit Clawback, Changes to work from home expenses related to COVID, and much more.
The deadline for filing your 2020 personal income tax return is April 30, 2021. If you or your spouse are self-employed, your filing deadline is June 15, 2021. All taxes payable are due by April 30, 2021.
Also, a friendly reminder that the deadline to contribute to your Registered Retirement Savings Plan is March 1, 2021. To confirm your exact 2020 RRSP contribution limit for the year, please refer to your latest Notice of Assessment or log on to your Canada Revenue Agency account at CRA My Account Online. Please contact our office if you have any questions.
We hope you find this information useful as you assemble your information for preparation, and as always please feel free to reach out to us for more information at 905 891 5339.