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  • Canada Emergency Wage Subsidy (CEWS) Deadlines

    January 15, 2021 by

    Deadline for CEWS Applications for Periods 1 Through 5 Please note that January 31, 2021 is the deadline for applying for CEWS for the Periods 1 through 5 (March – July 2020). These claim periods will be closed after January 31, 2021. Deadline for CEWS Applications for Period 6 Commencing with Period 6 (August 2020),
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  • Employee home office expenses during COVID-19

    December 31, 2020 by

    The COVID-19 pandemic has resulted in many employees working from home. As a result, working-from-home tax deductions on their 2020 personal income tax returns has become a hot topic. On December 15, 2020, the CRA released information on a number of employment-related issues, including home office expenses and Form T2200. Highlights of the CRA release on home office
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  • New T4 Reporting Requirements in 2020

    December 31, 2020 by

    There are new reporting requirements applicable to the completion of the 2020 T4 slips and summaries. Additional T4 reporting requirements will apply to all employers, and will help the Canada Revenue Agency (CRA) validate payments under the Canada Emergency Wage Subsidy (CEWS), the Canada Emergency Response Benefit (CERB), and the Canada Emergency Student Benefit (CESB).
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  • Employer Provided Benefits and Allowances in Response to COVID-19

    December 30, 2020 by

    On December 15, 2020, the Canada Revenue Agency (CRA) released information on a number of employment-related issues in response to the effects of the COVID-19 pandemic, including employer provided taxable benefits and allowances. These positions are effective from March 15, 2020 to December 31, 2020. Commuting Costs (including parking) The CRA has always taken the
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  • Tax Highlights from the 2020 Ontario budget

    November 26, 2020 by

    On November 5, 2020, Finance Minister Rod Phillips presented the Province’s budget. The Ontario 2020 budget: Permanently increases the Employer Health Tax exemption to $1 million; Proposes a new Seniors’ Home Safety Tax Credit for the 2021 taxation year; Extend filing deadlines for the Ontario Research and Development Tax Credit; and, Extends filing deadlines for
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  • COVID-19 Financial Support and Resources in Ontario and Canada

    November 1, 2020 by

    Financial Support and Resources for Business in Ontario and Canada Federal and provincial government financial supports: Government Support for businesses Ontario-Canada Emergency Commercial Rent Assistance Program Canada Emergency Rent Subsidy (CERS) Canada Emergency Wage Subsidy (CEWS) program: The Canada Emergency Wage Subsidy (CEWS) covers 75% of an employee’s wages – up to $847 per week
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  • COVID-19 TAX UPDATE Federal Government Economic Response Measures

    April 22, 2020 by

    (Released April 21, 2020) Today, the Federal government finally provided details about the Canada Emergency Wage Subsidy.  There have also been updates announced to some of the initiatives that have already taken effect.  With that in mind, we wanted to provide the latest on the following economic response measures: Canada Emergency Wage Subsidy; Emergency Community
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  • COVID-19 Tax Update: Revised Eligibility Criteria and Application Process for the Canada Emergency Wage Subsidy

    April 15, 2020 by

    (Released April 14, 2020) Update Eligibility Criteria for the Canada Emergency Wage Subsidy An eligible employer to receive the 75% CEWS benefit includes: • an individual; • a corporation (other than a tax-exempt corporation or public institution); • a registered charity (other than a public institution); • a person that is tax-exempt because of paragraph
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  • COVID-19 Tax Update: Eligibility Criteria and Application Processes for the Temporary Wage Subsidy and Canada Emergency Response Benefit

    April 6, 2020 by

    (Released April 6, 2020) As we head into the second week of April, businesses, charities/NPOs and individuals will have access to several of the Federal government’s COVID-19 response initiatives.  With that in mind, we wanted to provide an update on eligibility criteria, benefits, and logistics of the following measures: 10% Temporary Wage Subsidy; and Canada
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  • COVID-19 Tax Update Federal and Ontario Governments Economic Response Measures

    April 5, 2020 by

    (Released April 3, 2020) Advice for Your Business During the COVID-19 Pandemic based on Federal and Provincial Economic Response Measures We continue to monitor the Federal and Ontario government 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
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