Q and A with the experts: Filing your taxes after a year of COVID

Wednesday, March 10, 2021

Professor Andrew Bauer of the School of Accounting and Finance examines some of the things to consider when filing your taxes this year.

By Media Relations

Picture of Andrew Bauer

Professor Andrew Bauer of the School of Accounting and Finance examines some of the things to consider when filing your taxes this year.

What are some important considerations when filing your 2020 tax returns? 

  • For individual tax filing, the deadline is April 30. 
  • For self-employed taxpayers, the deadline is June 15.
  • Lower-income taxpayers who made $75,000 or less of taxable income and received a COVID-19 benefit in 2020—such as Canada Emergency Response Benefit, Canada Recovery Benefit (CRB) or Canada Emergency Student Benefit—do not have to pay any tax owing until April 30, 2022.