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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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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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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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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,
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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
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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
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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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