News and publications | PSB Boisjoli

Covid-19

NEW T4 REPORTING REQUIREMENTS AND OTHER ANNOUNCEMENTS

September 17, 2020 —

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 […]

Read news

Covid-19

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

September 17, 2020 —

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 […]

Read news

Taxation

REMINDER THAT THE PAYMENT DUE DATE FOR INCOME TAXES AND INSTALMENTS IS SEPTEMBER 30, 2020

September 15, 2020 —

On September 14, 2020, the Canada Revenue Agency (“CRA”) posted a notice on its newsroom indicating that the CRA had extended the payment due date for current year individual, corporate, and trust income tax returns, including instalment payments, from September 1, 2020, to September 30, 2020. Penalties and interest will not be charged if payments […]

Read news

Covid-19, Taxation

ADDITIONAL EXTENSIONS OF PAYMENT DEADLINES AND OTHER RELIEF MEASURES

July 28, 2020 —

On July 27, 2020, both the Government of Canada and the Government of Quebec announced the extension of the payment due date for current 2019 individual tax returns and 2019 or 2020 corporation, or trust income tax returns, including instalment payments, from September 1, 2020, to September 30, 2020. Penalties and interest will not be […]

Read news

Covid-19, Taxation

CANADA EMERGENCY WAGE SUBSIDY: IMPORTANT PROPOSED CHANGES

July 22, 2020 —

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 […]

Read news

Covid-19

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

June 26, 2020 —

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 […]

Read news

Taxation

REMINDER OF THE JUNE 30, 2020, DUE DATE FOR REMITTING GST/HST AND QST

June 02, 2020 —

As a reminder, last March, the governments of Canada and Quebec announced that the deadline for the payment of the GST/HST and the QST returns to be filed within the period starting March 27 and ending May 31, 2020 was extended to June 30, 2020. The tax authorities have also announced that no interest or […]

Read news

Covid-19

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

May 12, 2020 —

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 […]

Read news

Covid-19

Avoiding fraud and identity theft in times of crisis

May 07, 2020 —

It’s said that a crisis brings out the best in people and, in most cases, that’s true. But there is a dark side to tough times, as fraudsters prey on people who are uncertain and looking for easy answers. Some fraudsters are using COVID-19 as a cover to launch new underhanded schemes to separate Canadians […]

Read news

Covid-19

The CRA’s Frequently Asked Questions on CEWS

April 28, 2020 —

On April 24, 2020, the Canada Revenue Agency (“CRA”) posted a list of frequently asked questions and answers (FAQs) regarding the Canada Emergency Wage Subsidy (“CEWS”) on their website. These FAQs address many common questions about the CEWS received by the CRA. We understand there are other questions to which the CRA is still developing […]

Read news