Canada Emergency Business Account

On April 9, 2020, the government announced that small businesses and not-for-profit organizations can apply for support from the Canada Emergency Business Account through their banks and credit unions. Details: CEBA will provide qualifying businesses and not-for-profit organizations a loan of up to $40,000 to help cover their operating costs… Read More

Canadian Emergency Wage Subsidy- Update

On April 8, 2020, The Government of Canada is taking immediate, significant and decisive action to support Canadians and employers facing hardship as a result of the global COVID-19 outbreak. The government proposes the following additional flexibilty: To measure revenue loss, it is proposed that all employers have the flexibility… Read More

COVID-19 Financial Relief for Canadians- summary

Since the beginning of March, restrictions and measures related to COVID-19 have rapidly escalated. On March 18, 2020, the Government of Canada announced a series of mesaures designed to help Canadians. Since then, new possibilities have been introduced and old ones have been adjusted. Click here to read a summary… Read More

Ways to drop off your tax information to our office

We have been proactively taking measures to limit the spread of COVID-19, and are continuing to restrict access to our office to only Ritchie Shortt Tully & LLP team members until further notice. We understand you may have some questions, as our normal process has changed, during this unprecedented time…. Read More

Support for families

While schools and child care centres are closed, parents can apply for direct funding to offset the cost of buying materials to support their children’s learning, while they practice self-isolation and physical distancing. There is no income cap on this program. Eligible parents will receive a one-time per child payment of:… Read More

How to register for CRA My Business Account

My Business Account is a secure online portal that provides an opportunity to interact electronically with Canada Revenue Agency on various business accounts. Business accounts include GST/HST (except for GST/HST accounts administered by Revenu Québec), payroll, corporation income taxes, excise taxes, excise duties, and more. To get access, you will need:… Read More

75% Wage Subsidy- Additional Information

On April 1, 2020 the government released further information about The Canada Emergency Wage Subsidy that will help businesses keep and return workers to their payroll. This will provide a 75% wage subsidy to eligible employers for up to 12 weeks, retroactive to March 15, 2020. Eligible employers include individuals,… Read More

Canada Emergency Response Benefit

The government has proposed legistlation to establish the Canada Emergency Response Benefit (CERB), to help those who have lost income because of COVID-19. The CERB will provide you with temporary income support of $500 a week for up to 16 weeks. The benefit will be available to workers: Residing in Canada who… Read More

How to get set up with CRA My Account

CRA My Account is a secure portal that lets you view your personal income tax and benefit information and manage your tax affairs online. To register for CRA My Account you will need: your social insurance number; your date of birth; your current postal code and; an amount you entered on your income… Read More

WSIB Financial Relief Package

The Workplace Safety and Insurance Board (WSIB) has announced a financial relief package which will allow the deferral of premium reporting and payments until August 31, 2020. Businesses which report and pay monthly, quarterly or annual premiums are eligible for the deferral. The deferral applies to payments due on the following dates:… Read More

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