Blog
Corporate Tax Planning
Federal Government Updates CERB and CEWS Programs
The Canada Revenue Agency is continuing to update information related to the Canada Emergency Wage Subsidy (CEWS) as well as other benefits related to COVID-19 as the pandemic continues to impact the Canadian economy. In today’s blog, we would like to update our readers on some of the news. Changes to the Canada Emergency Wage Subsidy The Canada Emergency Wage Subsidy was introduced to help employers re-hire workers who were laid off as a result… Read More
Corporate Tax Planning
Canada’s Tax Season is (Mostly) Over
COVID-19 has had a huge impact on the tax season in Canada, hitting just under two months before personal income tax filings were due and largely shutting down the Canadian economy (as well as those all over the world). Fortunately, the Canada Revenue Agency extended tax deadlines for most people. Today we want to look at which deadlines have passed, which ones have “sort of” passed, and which remain in effect. Personal Tax Deadlines Individuals… Read More
Personal Tax Planning
More Updates on Canadian and American Taxes During COVID-19
A few weeks ago we wrote a blog about some of the ways the Canada Revenue Agency is addressing potential international income tax issues that people and corporations might run into, in light of the issues stemming from the current health crisis. In that blog, we wrote about how the CRA is addressing income tax residency as well as the carrying on of business in Canada, particularly for those who may be stuck in… Read More
Personal Tax Planning
Canada Revenue Agency Resumes Some Activities
Parts of Canada are slowly starting to return to normal. While much of the country is still grappling with the impact of COVID-19, courts and businesses have started to re-open. Similarly, the Canada Revenue Agency, which had largely ceased activities related to collections, audits, and appeals, has started to resume operations. This week we’d like to provide our readers with a summary of what activities have resumed and which are still… Read More
Corporate Tax Planning
Canada Revenue Agency Addresses Residency for Tax Purposes
A few weeks ago we wrote a blog about how the United States’ Internal Revenue Service (The IRS) is addressing the issue of non-Americans being forced to stay in the United States due to COVID-19, and as a result, running the risk of becoming U.S. residents for income tax purposes. Last week, the Canada Revenue Agency published a memo addressing similar concerns for those running the risk of becoming Canadian… Read More