COVID-19 Update - PD27 and T4 Requirements - Action Required

NOVEMBER 20, 2020

As a consequence of the various COVID-19 response programs that have been implemented by the Government of Canada and the trend towards having more employees work from home the Canada Revenue Agency (CRA) has implemented new and additional reporting requirements for 2020.

These requirements are mandatory for all organizations that incur payroll costs, and we strongly encourage you to bookmark this post as a reference - some of these requirements are time sensitive.

COVID-19 Update - Changes to Federal and Provincial Programs

NOVEMBER 19, 2020


On October 9, 2020, the Government of Canada announced new and extended programs aimed at helping businesses with reduced revenues and increased costs as a result of the COVID-19 pandemic operate through the end of 2020 and first half of 2021.

On November 10, 2020, the Government of Manitoba announced new provincial programs and alterations to existing programs.

We will post another article tomorrow which will include new reporting requirements that will impact all organizations that incur payroll costs. 

COVID-19 Update - Personal Benefits

OCTOBER 30, 2020

New legislation enabling the Government of Canada to support Canadian workers through the next phase of the recovery from COVID-19, and to avoid a gap in coverage after they have received their last Canada Emergency Response Benefit (CERB) payments was passed under the COVID-19 Response Measures Act on October 2, 2020.

The Act creates three new temporary Canada Recovery Benefits to provide income support to Canadian workers while promoting economic recovery with measures that encourage people to return to work.

COVID-19 Update: Government Subsidies for Businesses

OCTOBER 17, 2020

On October 9, 2020, the Government of Canada announced new and extended programs aimed at helping businesses with reduced revenues and increased costs as a result of the COVID-19 pandemic operate through the end of 2020 and first half of 2021.

New legislation is expected to be introduced and passed shortly.

COVID-19 Update - Federal and Provincial Wage Subsidies

JULY 21, 2020

Update Regarding Canada Emergency Wage Subsidy

On July 17, 2020, the Government of Canada issued their DRAFT legislation to extend The Canada Emergency Wage Subsidy (“CEWS”) until December 19, 2020. The details of the program have only been released up to November 21, 2020. Prior to the extension, the government subsidized eligible employers up to 75% of employee wages if revenues declined by 30% or more.

COVID-19 Update - Government Assistance

APRIL 28, 2020

New information and applications have recently been released by the federal and provinical governments. 

COVID-19 Update - The Emergency Wage Subsidy, CERB and Emergency Business Account

APRIL 13, 2020 - UPDATED APRIL 16, 2020

On Saturday evening Parliament passed The Canada Emergency Wage Subsidy (“CEWS” i.e. the 75% wage subsidy), finalizing the detailed law as to how the subsidy exactly works. There were some small changes from the initial guidance that was released on CRA’s website that we had previously shared. The final details can be found here:

https://www.canada.ca/en/department-finance/economic-response-plan/wage-subsidy.html

COVID-19 - Remote Audit Services

APRIL 6, 2020

In light of public health official and government measures regarding COVID-19, we have made plans internally to perform our assurance engagements remotely for the foreseeable future. With March 31 year ends quickly approaching, please review this information bulletin for your reference. Please note while the bulletin refers to “audits”, the content can be applied to “review” engagements as well.

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