News

Keeping you informed

On July 17, 2020, the Federal Government announced significant changes to the Canada Emergency Wage Subsidy (“CEWS”) program to extend the program to November 21, 2020, broaden its eligibility criteria, and modify the subsidy calculation. This newsletter provides updated information on the CEWS based on Bill C-20: An Act respecting further COVID-19 measures (“Bill C-20”) […]

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The purpose of this newsletter is to update our clients and colleagues on the status of tax filing and payment due date extensions, particularly those that are now close to ending. Since the Covid-19 crisis began in Canada in mid-March 2020, the Canada Revenue Agency (“CRA”) has announced many tax filing and payment extensions to […]

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Canada Emergency Wage Subsidy We have updated our May 13, 2020 newsletter on the Canada Emergency Wage Subsidy.  The update includes details of the three additional qualifying periods to August 29, 2020 and the additional organizations that may qualify for the program.  Please read our updated newsletter here: Canada Emergency Business Account On May 19, […]

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On May 8, 2020, Prime Minster Trudeau announced that the Canada Emergency Wage Subsidy (“CEWS”) will be extended beyond the current three qualifying periods. On May 15, the Department of Finance provided details of the additional of qualifying periods to August and of additional organizations that can qualify. We have provided a summary of the […]

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On April 24, 2020, the Government of Canada announced additional details about the proposed Canada Emergency Commercial Rental Assistance (CECRA) program.  The CECRA is expected to provide financial support to commercial property owners that temporarily reduce monthly rent by 75% for affected small businesses tenants. Assistance Under the CECRA, commercial property owners may apply for […]

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The Federal Government has created two new programs to provide a subsidy to employers to help them to avoid layoffs or reduced employment during the current crisis: The Canada Emergency Wage Subsidy; and The Temporary Payroll Subsidy. New details on the proposed Canada Emergency Wage Subsidy (“CEWS”) were announced on April 8, 2020, and we […]

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The Federal Department of Finance announced Canada’s COVID-19 Economic Response Plan: Support for Canadians and Businesses on March 18, 2020.  Three business loan programs were included in the plan, all of which are expected to become available in mid-April 2020: Canada Emergency Business Account A new Canada Emergency Business Account will be implemented by eligible […]

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The Federal Government has created two new programs to provide a subsidy to employers to help them to avoid layoffs or reduced employment during the current crisis: The Temporary Payroll Subsidy; and The Canada Emergency Wage Subsidy: The Canada Emergency Wage Subsidy is far more generous that the Temporary Payroll Subsidy. Employers who do not […]

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The Federal Department of Finance announced Canada’s COVID-19 Economic Response Plan: Support for Canadians and Businesses on March 18, 2020. Additional announcements have followed several times since that date: On March 27, 2020 and March 30, 2020, new measures and changes to recently announced measures were announced by the Federal Government. We have identified the […]

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The Federal Department of Finance announced Canada’s COVID-19 Economic Response Plan: Support for Canadians and Businesses on March 18, 2020. Our newsletter from March 19, 2020 provided our comments on that first release of information. This newsletter provides updated information on the Temporary Wage Subsidy for Employers based on Bill C-13: An Act respecting certain measures […]

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The Federal Department of Finance announced Canada’s COVID-19 Economic Response Plan: Support for Canadians and Businesses on March 18, 2020. This will have important consequences to individuals, corporations, and trusts. We have outlined the highlights of the plan: Tax Filing Deadline Extensions The tax filing deadlines for individuals and for trusts have been extended by […]

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Effective January 1, 2020, residents of British Columbia will no longer be required to pay Medical Service Plan (“MSP”) premiums. MSP premium debts owing prior to January 1, 2020 will still be owed, and collection will continue for any outstanding MSP premium debts. Employers should ensure that their payroll processes are updated to discontinue any […]

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