Tax Blog Posts

COVID-19 Tax Update: Canada Emergency Wage Subsidy (CEWS) Enacted

I. OVERVIEW On Saturday, April 11, 2020, Parliament – in a special sitting – enacted Bill C-14 to implement the Canada Emergency Wage Subsidy (the “CEWS”). Unlike Bill C-13, which implemented a broad variety of pandemic initiatives, including the Canada…

Taxpayer penalized following accepted voluntary disclosure

The decision in Grewal v Canada (National Revenue) involved a taxpayer being penalized in respect of amounts disclosed in a voluntary disclosure, despite the fact that the disclosure was accepted by the Canada Revenue Agency (“CRA”). This case addressed…

Canadian Tax Alerts

COVID-19 Tax Update: Extension to T2 and T3 filing deadlines

The Canada Revenue Agency has updated its website which sets forth the extended filing due dates for various entities as a result of COVID-19 (link). Extended to September 1, 2020 is the deadline to file a T2 corporate income…

COVID-19 Tax Update: Wage Subsidy Legislation Updated

The federal government yesterday released amendments to the Income Tax Regulations relating to two of its COVID-19-induced wage subsidy programs. First, new section 8901.1 of the Regulations expands the eligibility for the Canada Emergency Wage Subsidy (the “CEWS”) in…

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