News

The Government recently introduced Bill C-9, An Act to Amend the Income Tax Act (Canada Emergency Rent Subsidy and Canada Emergency Wage Subsidy). Bill C-9 implements the new Canada Emergency Rent Subsidy (“CERS”), which provides eligible entities affected by COVID-19 with direct support for rent and property holding costs until June 2021. Bill C-9 received […]

Current filing requirements for trusts Under the current rules, a trust (including a deemed resident trust) is generally only required to file an annual trust income tax and information return (a “T3 return”) if it has taxes payable or it made distributions (whether on account of capital or income) to any of its beneficiaries. In […]

As we approach the end of the year, it is time to consider some tax planning opportunities that may be available to you for 2020.  The planning points outlined below are not intended to serve as specific advice; you should always consult your D&H advisor before implementing any of the suggestions contained in this newsletter. […]

Form PD27 – 10% Temporary Wage Subsidy Self-identification Form for Employers The Temporary Wage Subsidy for Employers (“TWS”) program was introduced on March 25, 2020. It was a three-month subsidy provided to eligible employers to reduce the amount of federal, provincial, or territorial income tax that they otherwise must remit to the Canada Revenue Agency (“CRA”). The […]

Updated 2020 EHT Installment Due Dates The B.C. Ministry of Finance recently announced extended installment payment due dates for 2020 Employer Health Tax (“EHT”) installments. This measure is intended to provide additional relief to employers during the COVID-19 pandemic. The due dates for the first and second installments, normally due on June 15 and September […]

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 close to ending. Since the Covid-19 crisis began in mid-March 2020, the Canada Revenue Agency (“CRA”) has announced many tax filing and payment extensions to assist taxpayers in […]

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”) […]

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 […]

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, […]

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 […]

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 […]

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 […]