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  • COVID-19 TAX UPDATE Federal and Ontario Governments Economic Response Measures

    April 5, 2020 by

    (Released April 3, 2020) We continue to monitor the Federal and Ontario governments announcements on an hourly basis.   As both governments work through the COVID-19 pandemic, we understand the need for communication to help alleviate any anxiety you may have. At this stage, the Federal government is often making announcements prior to logistics being in
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  • Tax Filing and Payment Extensions and Other Filing Relief Measures

    March 31, 2020 by

    COVID-19 TAX UPDATE Tax Filing and Payment Extensions and Other Filing Relief Measures (Released March 31, 2020) The Canadian government has announced several measures to help taxpayers during these challenging times by providing extensions for filing and payment of taxes for business, charities/NPO, individuals, partnerships and trusts.  To help you navigate the many provisions announced,
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  • Canada Emergency Response Benefit

    March 30, 2020 by

    On March 25, 2020, the government proposed legislation to establish the Canada Emergency Response Benefit (CERB). This taxable benefit would provide $2,000 a month for up to four months for workers who lose their income as a result of the COVID-19 pandemic. The CERB would be a simpler and more accessible combination of the previously
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  • Ontario’s response to COVID-19

    March 27, 2020 by

    On March 25, 2020, the Ontario government announced a $17 Billion plan to protect businesses, households and public services from the financial fallout of the novel coronavirus. These measures include the following: Five-month relief for Ontario businesses who are unable to file or remit select Provincial taxes (Employer Health Tax, Tobacco Tax, Fuel Tax, Gas
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  • Temporary Wage Subsidy for Employers

    March 24, 2020 by

    On March 18, 2020, the Government of Canada announced a temporary wage subsidy for a period of three months.  This temporary measure will allow eligible employers to reduce the amount of payroll deductions required to be remitted to the Canada Revenue Agency (CRA). An eligible employer is: A Canadian-controlled private corporation (CCPC); A non-profit organization;
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  • Hogg, Shain & Scheck COVID-19 Update

    March 18, 2020 by

    We continue to closely monitor the evolving COVID-19 situation, ensuring the health and safety of our team and clients, who remain our top priorities. As a result of these unprecedented times, effective Monday, March 16, 2020 we made the decision to close our offices.  Our teams will work remotely and are still available. We have full
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  • Support for Canadian Businesses

    March 18, 2020 by

    On March 18, 2020 the government and its various partners announced further measures to support businesses in these challenging times. The Canada Revenue Agency will allow all businesses to defer, until after August 31, 2020, the payment of any income tax amounts that become owing on or after today and before September 2020.  This relief
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  • 2019 Tax Filing Update

    March 18, 2020 by

    On March 18, 2020, the Government of Canada announced that the Canada Revenue Agency will defer the filing deadline for personal income tax returns from April 30, 2020 to June 1, 2020. However, if you are expecting a refund we recommend filing your return as soon as possible. As well, if you are entitled to
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