Blog

We can help with your accounting needs.
How Can We Help You?

  • This field is for validation purposes and should be left unchanged.

  • COVID-19 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 in Response to the COVID-19 Pandemic (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
    Read More


  • COVID-19 Update: Federal and Ontario Economic Response Measure

    March 31, 2020 by

    COVID-19 TAX UPDATE Federal and Ontario Governments Economic Response Measures to COVID-19 (Released March 30, 2020) The Canadian and Ontario governments have pledged over $124 billion to fight the COVID-19 pandemic through announcements made up to March 30, 2020.  Many of the programs and initiatives are geared towards keeping the economy moving by assisting businesses,
    Read More


  • Canada Emergency Response Benefit

    March 30, 2020 by

    What is the Canada Emergency Response Benefit (CERB)? 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
    Read More


  • Ontario Government’s Economic 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: Ontario’s economic response measures include the following: Five-month relief for Ontario businesses who are unable to file or remit select Provincial taxes Employer
    Read More


  • 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;
    Read More


  • 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
    Read More


  • Support for Canadian Businesses in Response to COVID-19

    March 18, 2020 by

    On March 18, 2020 the government and its various partners announced further measures to support Canadian businesses in these challenging times. CRA Tax Relief for Canadian Businesses 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
    Read More


  • 2019 Tax Filing Update In Response to COVID-19

    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
    Read More


  • Government of Canada’s Economic Response to COVID-19

    March 18, 2020 by

    On March 18, 2020, the Government of Canada announced several economic measures to assist individuals and businesses during these challenging times. These measures include the following: Temporary income support for workers and parents; Longer-term income support for workers; One-time special payment through the Goods and Service Tax (GST) credit for low and modest income families;
    Read More


  • HSS Ryerson Alumni Participate in the 2020 RUAS Achieve Case Competition

    February 20, 2020 by

    The Achieve Case Competition by the Ryerson University Accounting Society (RUAS) provided two days full of learning, networking and fun for students. The theme was “How innovation, automation and AI is changing the world and Accounting Profession?”           Hogg, Shain & Scheck Ryerson alumni Kevin Thomas and Wendy Tran attended the
    Read More