Nov
09

Canada Emergency Rent Subsidy (CERS)

CERS
UPDATE:  Starting November 23, 2020, businesses can start applying for the CERS.  For more information, please go to the official CERS page, https://www.canada.ca/en/revenue-agency/services/subsidy/emergency-rent-subsidy.html  The Federal Government has announced the details of the Canada Emergency Rent Subsidy that will apply to its first 12 weeks of implementation (until December 19, 2020). Note that this new rent subsidy is available retroactive to September 27, 2020 until June 2021. The Canada Emergency Rent Subsidy (CERS) is a new program that would provide benefits directly to qualifying renters and property owners without the participation of landlords. Eligible organizations that have suffered a revenue drop would be...
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Oct
02

CRA Resuming Business Activities

Information
The CRA announced it has resumed some business activities last September 2020. These activities include the following: • Appeals – The CRA’s dispute resolution and taxpayer relief programs are resuming operations. CRA is now contacting taxpayers who filed objections or CPP/EI appeals to the Minister or who applied for relief of penalties and interest. CRA will also start activating CPP/EI rulings this September. • Business Audits –The CRA’s business audit will focus on complex and aggressive tax planning arrangements using partnerships and trusts by sophisticated and high income earners and audits in the real estate sector to address non-compliance in Vancouver...
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Oct
02

CRA’s Update on Cyber Attack Incidents

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The CRA has released an update regarding the recent cyber attacks involving thousands of CRA accounts. Here is a summary: • CRA continues to cooperate with the RCMP in its ongoing investigations• Affected individuals will receive a letter from the CRA explaining how to confirm their identity and reactivate their account. Credit protection services will also be offered for free. • In some cases, applicants may be asked to call the CRA before receiving their next benefit payment and supporting documents may be requested. • The link between CRA’s My Account and My Service Canada Account continues to be disabled.• Updated...
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Sep
25

Update on Recent Cyber Attacks

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Last month, the Federal Government reported incidents of credential stuffing attacks mounted on the GCKey service and CRA accounts. The attacks made use of usernames and passwords stolen in previous hacks involving non-governmental third parties to log into some GCKey accounts. The GCKey service itself was not compromised but in response, 9,300 GCKey credentials were revoked. Measures were then put in place to block subsequent attacks. In addition to this, the CRA identified suspicious activities in July and August on approximately 48,500 CRA user accounts. Safeguards were then put in place and individuals affected were not held liable for fraudulent claims...
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