Family Income Splitting Loans
If you have any family income splitting loans, it’s important that you make sure that the 2020 interest on these loans is paid to lenders by…
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Tweaks to CEWS
On October 20, 2020, the Canadian government chose to continue to adjust the CEWS, including simplifying the revenue-decline test and changing the treatment of furloughed employees.…
So, You’re an Executor Now
What is an “executor”? An “executor” is a personal representative who is responsible for distributing the estate (property, assets, possessions) of an individual according to the…
Extended CEWS
(Updated 09.24.2020) The CEWS was put in place for an initial 12-week period from March 15 to June 6, 2020, providing a 75% wage subsidy, and…
Canada Emergency Response Benefit
(Updated 06.16.2020) The Canada emergency response benefit (CERB) is being extended by two more months. However, beginning July 5, recipients must sign attestation acknowledging the government…
Canada Emergency Wage Subsidy
(Updated 07.20.2020) On April 1, 2020, Minister of Finance, Bill Morneau announced further details of the Canada Emergency Wage Subsidy. The Canada Emergency Wage Subsidy (CEWS)…
Taxes Amid COVID-19
While the government may have extended the 2019 personal tax filing general deadline from April 30 to June 1, 2020, as result of the COVID-19 pandemic,…