National Revenue Minister Diane Lebouthillier (Gaspésie-Îles-de-la-Madeleine, Que.) launched an updated and improved Canada Emergency Wage Subsidy online calculator. It will help small and large employers alike prepare to apply for the next period of the CEWS program, which will open for applications on August 17, 2020. “The enhanced CEWS program launched today was redesigned to be more flexible … Read more
The Canada Revenue Agency is closely monitoring the COVID-19 situation, and is committed to supporting Canadians throughout it. In addition to measures already announced, the CRA is extending the payment deadline and applying relief to interest on existing debt. The CRA is extending the payment due date for current year individual, corporate, and trust income tax returns, including … Read more
We understand the impact that the COVID-19 pandemic has had on Canadian businesses and tax preparers. To support them during this difficult time, we have extended some of the filing deadlines for corporations and trusts to September 1, 2020. The CRA’s digital services make it easier to manage your business’ tax and benefit affairs from home. Our online tools can help … Read more
National Revenue Minister Diane Lebouthillier (Gaspésie-Îles-de-la-Madeleine, Que.) is announcing that benefit payments will continue for an additional three months for those who are not able to file their 2019 returns on time. Eligible Canadians who are presently receiving the Goods and Services Tax/Harmonized Sales Tax (GST/HST) credit and/or the Canada child benefit will continue to receive … Read more
National Revenue Minister Diane Lebouthillier (Gaspésie-Îles-de-la-Madeleine, Que.) launched the application process for the Canada Emergency Wage Subsidy (CEW). As of April 27, employers can apply for the CEWS through My Business Account or through the CRA’s online application portal, and their representatives can apply through Represent a Client. All claims that are approved through the CRA’s automated verification process will be sent for payment on … Read more
National Revenue Minister Diane Lebouthillier (Gaspésie-Îles-de-la-Madeleine, Que.) launched the Canada Emergency Wage Subsidy calculator to support employers as they prepare to apply for the CEWS. The CEWS calculator can be found on CRA’s Canada Emergency Wage Subsidy Web page. It includes detailed information and instructions about who can apply for the subsidy, how eligibility is assessed, and how … Read more
Each year almost 90 per cent of Canadian taxpayers choose to file their personal income taxes using electronic methods. However, we have heard from some Canadians that the “traditional” paper method just works better for them. Those paper filers might feel like the Canada Revenue Agency (CRA) wants to pressure all taxpayers to file electronically. That is … Read more
National Revenue Minister Diane Lebouthillier (Gaspésie-Îles-de-la-Madeleine, Que.) launched the 2020 tax filing season. Canadians can file their returns online, on paper, or by phone for those who qualify. In doing so, they can access a number of credits and benefits put in place by the Government of Canada to help with the increasing cost of living. This tax … Read more
A globally coordinated day of action to put a stop to the suspected facilitation of offshore tax evasion has been undertaken this week across the United Kingdom, United States, Canada, Australia and the Netherlands. This is the first major operational activity for the Joint Chiefs of Global Tax Enforcement, known as the J5, formed in mid-2018 … Read more
In Budget 2019, the Government introduced three tax measures to support Canadian journalism organizations that produce original news content. To take advantage of these measures, journalism organizations must be designated as a qualified Canadian journalism organization (QCJO). The Guidance on the income tax measures to support journalism is now available on Canada.ca. To facilitate the designation process, … Read more
