Category: Covid-19

Covid-19

COVID-19 Support Measures

To support Canadians and Canadian businesses through the COVID-19 pandemic, the government introduced a set of measures, including the Canada Emergency Wage Subsidy, Canada Emergency Rent Subsidy, Lockdown Support and Canada Recovery Hiring Program. These programs, have evolved as the pandemic has evolved. The wage subsidy, rent subsidy and Lockdown Support expired on October 23, […]

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Covid-19

COVID 19 – Federal Government extends benefits and business supports

On July 30, 2021, the federal government announced it is proposing to extend COVID-19 support measures. Extending Workers Support Benefits The government proposes to extend the Canada Recovery Benefit (“CRB”), the Canada Recovery Caregiving Benefit (“CRCB”), and the Canada Recovery Sickness Benefit (“CRSB”) until October 23, 2021. The government also plans to increase the maximum […]

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Covid-19, Taxation

TAX MEASURES AND EXPECTED LOCKDOWN

As Quebec is likely heading into a full lockdown for the upcoming weeks, the following is a brief summary of how the Canada Emergency Wage Subsidy (“CEWS”) is expected to work during the expected lockdown period. The CEWS measures are divided into periods. CEWS period 11 runs from December 20, to January 16. The lockdown will likely […]

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Covid-19, Taxation

FALL ECONOMIC STATEMENT 2020

Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, released the Fall Economic Statement 2020. Generally, the plan proposed to: Increase the maximum rate of the Canada Emergency Wage Subsidy to 75 per cent for periods between December 20, 2020, and March 13, 2021, and to extend the current rates of the […]

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Covid-19

NEW T4 REPORTING REQUIREMENTS AND OTHER ANNOUNCEMENTS

New T4 reporting requirements For the 2020 tax year, the CRA will be introducing additional reporting requirements for the T4 slips. The new requirements will be used to validate payments under the Canada Emergency Wage Subsidy (CEWS), the Canada Emergency Response Benefit (CERB) and the Canada Emergency Student Benefit (CESB). In addition to reporting employment […]

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Covid-19

THE CANADIAN GOVERNMENT ANNOUNCES NEW MEASURES, BENEFITS AND EXTENSIONS THROUGH THE NEXT PHASE OF THE ECONOMY REOPENING

On August 20, 2020, the Canadian government announced new measures as the government slowly reopens the economy. On September 27, 2020, new measures will be effective as the government will be transitioning from the Canada Emergency Response Benefit (CERB) to a simplified Employment Insurance (EI) program. Extension of the Canada Emergency Response Benefit The CERB […]

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Covid-19, Taxation

CANADA EMERGENCY WAGE SUBSIDY: IMPORTANT PROPOSED CHANGES

On July 17, 2020, the federal government announced it is proposing a further extension of the Canada Emergency Wage Subsidy program (“CEWS”) until December 19, 2020. New CEWS Rules starting July 5, 2020 Effective July 5, 2020, the CEWS will consist of two parts: a base subsidy available to all eligible employers that are experiencing […]

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Covid-19

CANADA EMERGENCY COMMERCIAL RENT ASSISTANCE PROGRAM (CECRA) – GST/HST & QST IMPLICATIONS

As part of Canada’s Covid economic response, the federal government adopted an urgency measure for commercial landlords and tenants; the Canada Emergency Commercial Rent Assistance (CECRA) program. The CECRA program provides for eligible commercial property owners to reduce the rent owed by their impacted qualifying small business tenants. Property owners must however offer a minimum […]

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Covid-19

Credit for Contributions to the Health Services Fund in Respect of Employees on Paid Leave Due to the COVID-19 Pandemic

To complement the Canada Emergency Wage Subsidy, a credit on employers contribution to the Health Services Fund will be established for employers that can benefit from the Canada Emergency Wage Subsidy and that maintain an establishment in Québec. The credit on employers contribution to the Health Services Fund will be granted for a period of […]

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