Payment deadlines extended and interest relief on outstanding debts
Payment deadline extension to September 30
The CRA is extending the payment due date for individual, corporate, and trust income tax returns, including instalment payments, due on or after March 18, 2020 to September 30, 2020 (from September 1, 2020). Penalties and interest will n...
CEWS Program Expands Eligibility
On July 17, 2020, draft legislation was released related to the previously announced extension of the Canada Emergency Wage Subsidy (“CEWS”). The legislation contemplates significant changes to the CEWS program beginning with period 5 (which commenced July 5, 2020) that are intended to expand eligibility to all employers...
Thank you again to our frontline workers for their courage, continued support, and dedication to our community during this very difficult time.
We were grateful to have been given the opportunity to offer 2019 tax preparation services free of charge to frontline healthcare workers as a part of CPA Ontario’s Accounting for Bravery program and as a t...
CEWS Program Extended to August 29, 2020
The Canada Emergency Wage Subsidy (CEWS) program was originally available from March 15, 2020 until June 6, 2020. The Federal Government recently announced that the program has been extended to August 29, 2020.
The CEWS application can be accessed through your Canada Revenue Agency My Business Account. To assist em...
The Federal Government has partnered with the provinces and territories to implement the Canada Emergency Commercial Rent Assistance (CECRA) for small businesses. The program provides forgivable loans to eligible commercial property owners experiencing potential rent shortfalls because their small business tenants have been heavily impacted by the COVID-...