Mar
30

Canada Emergency Response Benefit

CERB
Update (as of  June 16, 2020):  The Federal Government has announced that it will be extending the CERB for another 8 weeks for a total of 24 weeks.   What is the Canada Emergency Response Benefit (CERB)?The CERB is a taxable benefit that will provide $2000 a month for up to 6 months (updated June 16, 2020)  for workers who lose their income because of the COVID-19 pandemic. The CERB is a combination of the previously announced Emergency Care Benefit and the Emergency Support Benefit. Who are eligible to receive the CERB?• Workers who must stop working due to COVID19 and...
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Mar
30

Alberta’s Emergency Isolation Support

Albertaisolationsupport
This program is now CLOSED.  This program provided funds to over 79,596 eligible Albertans since it launched for a total of approximately $91.7 million.  What is Emergency Isolation Support? Eligible Albertans can receive a one-time emergency isolation support payment of $1,146 if they are required to self-isolate or are the sole caregiver of someone in self-isolation and they have no other source of income or compensation. Note that this is a temporary program to bridge the gap until the Federal Government’s Emergency Response Benefit is available in April. Who is eligible?You are eligible if have experienced total or significant loss of...
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Mar
30

COVID-19 Outbreak: Latest Tax Updates

Tax
As mentioned in our previous blog, the CRA has announced that the tax filing and payment deadlines have been deferred. The tax filing deadline is now June 1, 2020 and any 2019 taxes owing must be paid by September 1, 2020.Here are some more updates you need to know as the COVID-19 situation continues to change: - The Charities Directorate is extending the filing deadline to December 31, 2020 for all charities with a Form T3010, Registered Charity Information Return due between March 18, 2020 and December 31, 2020.- For trusts with a taxation year end of December 31, 2019, the...
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Mar
30

Canada Emergency Wage Subsidy (CEWS) - UPDATED

CEWS
The Federal Government just announced details regarding the 75% wage subsidy that will help businesses keep their workers. This program is called the Canada Emergency Wage Subsidy (CEWS). Extension to August 29, 2020:  The Federal Government announced that it will extend the CEWS) by an additional 12 weeks to August 29, 2020 instead of the previously announced end date of June 6, 2020.  (Update as of May 15, 2020) Please note that this is different from the temporary 10% wage subsidy previously announced by the Federal Government. Employers may be eligible for both the Canada Emergency Wage Subsidy and the 10% wage...
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