January 31st Deadline for Claiming the Canada Emergency Wage Subsidy (CEWS) for the March 15th to August 1st, 2020 Periods

Please note that there is a firm deadline of January 31st, 2021 for eligible businesses that have suffered a revenue decline to apply for the CEWS which provides up to $847 per employee per week for the period from March 15th to August 1st, 2020. To qualify, a business must have suffered a revenue decline […]

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 […]

CRA 2019: T1 Individual Income Tax Returns – No Penalties or Interest If You File and Pay by August 31, 2020

Per the CRA website link below – taxpayers have up to August 31, 2020 (rather than Monday June 1 or June 15) to file their 2019 T1 returns and pay the tax without penalties or interest. Extended filing and payment deadlines You will not be charged late-filing penalties or interest if your 2019 individual (T1) […]