COVID-19
Wage Subsidy Update
On March 27, 2020 the federal government announced additional economic measures to support small businesses and entrepreneurs. These measures include an increase in wage subsidies to 75% for qualifying businesses for up to 3 months retroactive to March 15, 2020 so that employers can keep workers on the payroll; allowing… Read More about “Wage Subsidy Update”
Federal government announces broad tax deadline extensions
The federal government announced additional extensions to many for tax-related deadlines. Most federal tax filing deadlines have been extended to June 1, 2020, including the March 31 deadline for T1134 forms and T2s. The filing deadline for the T5013 partnership return and other information that individuals will need to complete… Read More about “Federal government announces broad tax deadline extensions”
Employer Health Tax Changes
On March 25, 2020, the Ontario government announced relief measures to help support Ontario businesses when they need it most. These include increasing the Employer Health Tax exemption for 2020 from $490,000 to $1 million and a five‑month relief period for Ontario businesses who are unable to file or remit their provincial taxes on time… Read More about “Employer Health Tax Changes”
COVID-19 Economic Response Plan – Legislative Update – March 25, 2020
In the early morning hours of March 25, 2020, Bill C-13 “An Act respecting certain measures in response to COVID-19“ was introduced, and received Royal Assent by the afternoon. To support workers and help businesses keep their employees, the government has proposed legislation to establish the Canada Emergency Response Benefit… Read More about “COVID-19 Economic Response Plan – Legislative Update – March 25, 2020”
Important changes to tax-filing and payment deadlines
The CRA understands that individuals and businesses might be dealing with difficulties in filing their income and benefit returns, and in cash-flow problems in the coming months. Click here to see important changes and information, some of which affect tax-filing and payment deadlines, and the ways you can interact with… Read More about “Important changes to tax-filing and payment deadlines”
Temporary Wage Subsidy for Employers
On March 20, 2020, CRA released further details regarding the Temporary Wage Subsidy for Employers. The Temporary Wage Subsidy for Employers is a three-month measure that will allow eligible employers to reduce the amount of payroll deductions required to be remitted to the Canada Revenue Agency (CRA). Please click here… Read More about “Temporary Wage Subsidy for Employers”
COVID-19: Government’s comments March 18, 2020
Since the beginning of March, restrictions and measures related to COVID-19 have rapidly escalated. While the first stages focused on public health and safety, in very short order, businesses and personal finances began to be affected. Click here for a summary of the government’s comments up to March 18, 2020.
COVID-19 Update: March 17, 2020
With coronavirus (COVID-19) top of mind, we feel it prudent to communicate with you our action plan to help minimize the spread of this virus within our community. Out of an abundance of caution, to promote a healthy work environment and do our part to limit the spread of COVID-19,… Read More about “COVID-19 Update: March 17, 2020”
