As the 2020 T4 filing deadline is quickly approaching, we wanted to highlight some changes that will impact ALL employers. The 2020 T4s must include some additional details in response to the COVID-19 programs that have been implemented during the pandemic. For ALL T4s filed, additional boxes must be completed for each employee reporting…
Applications are now open for the Canada Emergency Rent Subsidy (CERS). We are able to provide the following update on our original communication from November 12, 2020. If you are an eligible renter, your eligible expenses are: Rent (including rent based on a percentage of sales, profit or similar criteria) Amounts required to be paid or payable by…
The federal government recently introduced more information on the new Canada Emergency Rent Subsidy (CERS). Canada Emergency Rent Subsidy (CERS) The CERS will be available retroactive to September 27, 2020, and runs until June 2021. The government has released details for the first 12 weeks of the program, until December 19, 2020. HGA will update you…
The federal government recently new and expanded COVID-19 government aid measures that will assist small businesses: 1) Canada Emergency Rent Support (CERS) The CERS replaces the previous rent subsidy program (CECRA) and will run until June 2021. In a major improvement from CECRA, CERS will provide rent relief directly to tenants. We are still waiting…
CRA extended the payment due date for income tax returns and instalment payments to September 30, 2020. This deadline is in effect for individuals (your personal tax return), corporations, and trusts. Penalties and interest will not be charged if payments are made and returns are filed by the extended deadline of September 30, 2020. If you or…
The deadline for NEW applicants, and for existing applicants to opt-in for the July and August rental relief program, is now September 30th, 2020. We are also awaiting details on the September extension for rent relief. To apply for CECRA for small business, please visit the CECRA website here. You can visit HGA’s previous blog posts…
The Ontario Chamber of Commerce has created a Canada United Small Business Relief Fund in order to help small businesses with their recovery efforts as a result of COVID-19. Although created by the Ontario Chamber of Commerce, small to medium-sized (SME) companies from all sectors and all regions of Canada are eligible. A company can be receiving…
CEBA The federal government extended the application deadline for the Canada Emergency Business Account (CEBA) from August 31st to October 31st, 2020. The government also announced that they were working on a solution to make the CEBA program available to those with qualifying payroll or non-deferrable expenses that so far have been unable to apply due to…
The federal government announced significant changes to the Canada Emergency Response Benefit (CERB) and the Employment Insurance (EI) programs. CERB will be extended by an additional four weeks, to a new maximum of 28 weeks, and will be available until September 27, 2020. At that time, recipients in continued need of support will move to…
If so, you probably qualify for the wage subsidy under CEWS 2.0. Under CEWS 2.0, claims that cover July 5, 2020 and onwards (periods 5 through 9) do not require a minimum revenue drop to qualify for the wage subsidy. The rate your revenue has dropped is only used to calculate how much subsidy you…