CRA Relief Ended June 30 — What It Was and What Happens Now

Between April and June 2025, the Canada Revenue Agency (CRA) quietly rolled out a federal and provincial tax payment deferral for businesses. This meant certain late payments would not accrue interest or penalties — but only until June 30, 2025.

⏳ What Was Deferred?

CRA offered interest relief on the following if paid before the June 30 deadline:

• GST/HST remittances

• Corporate income taxes (T2)

• Certain instalment payments

This was a temporary break aimed at supporting small businesses still recovering from post-pandemic impacts and rising costs.

📅 What Happens Now?

As of July 1, 2025, interest and penalties are fully back in effect. If you:

• Missed the June 30 deadline

• Were unaware of the deferral

• Are currently behind on GST/HST or corporate tax…

👉 You may now be accruing interest and/or penalties.

🛟 What You Can Do If You Missed It

All is not lost. If you're a Covured client (or would like to become one), we can:

• Review your account and assess what’s outstanding

• Help you request taxpayer relief (where appropriate)

• Create a CRA-friendly payment plan

• Prevent future penalties through proactive remittance tracking

👀 Stay Ahead of CRA Announcements

At Covured, we watch for every CRA update so you don’t have to. If you missed this relief, make sure you don’t miss the next one.

➡️ Follow our blog or sign up for updates.📩 Need help with late payments? Contact us today.