Canada Announces a New Commercial Rent Support Program, Expands Small Business Loans and Extends the Canadian Emergency Wage Subsidy

On Friday October 9th 2020, the Federal Government announced several new subsidies available to small to mid-size businesses and organizations affected by Covid-19, including a new Commercial Emergency Rent Subsidy (“CERS”) program, expanding the Canadian Emergency Benefit Account (“CEBA”) loan program and extending the Canadian Emergency Wage Subsidy (“CEWS”) program to June of 2021. Detailed […]

Annual Year-End Planning for 2020

Please see some of our other tax planning blogs posted earlier this year: Tax Planning Ideas During These Challenging Times Whether we may see some tax changes introduced later this fall: Coming Soon – Taxing the Pandemic This includes whether the federal Liberal government will change how capital gains are taxed and whether it makes […]

Coming Soon: Taxing the Pandemic

This article is from the quarterly Canadian Overview, a newsletter produced by the Canadian member firms of Moore North America. These articles are meant to pursue our mission of being the best partner in your success by keeping you aware of the latest business news. As reported on CBC.ca:  “The federal government’s latest projection of […]

Canada Emergency Business Account (CEBA) Deadline Extension – October 31st, 2020

The August 31st, 2020 deadline was extended to October 31, 2020 per a Twitter feed announcement from Finance Canada. The CEBA website currently has been updated removing the August 31 deadline: https://ceba-cuec.ca/ Items to note: CEBA help-line 1-888-324-4201 if you have further questions or contact your DMCL advisor or financial institution; Best to check out […]

COVID-19: Government Announces New Extension of Rent Relief for Small Businesses to Cover August 2020

On July 31st, 2020, the Federal Government announced an extension to the rent subsidy program to cover the month of August. Landlords and tenants who have already applied for the months of April to July can also apply for August but must do so by no later than September 14th 2020. Small business tenants will qualify based […]

COVID-19: The CRA Announces an Extension to the Payment Deadline and Offers Interest Relief on Outstanding Tax Debts During the Pandemic

The Canada Revenue Agency (CRA) announced yesterday (July 27 ,2020) that it is extending the due dates for some payments and some returns (previously extended to September 1, 2020) to September 30, 2020. The CRA also announced that it will also waive certain interest charges. CAUTION: To benefit from these extensions and avoid late filing […]