Below is a summary of the implications of the COVID-19 pandemic on tax audits and disputes as of March 31, 2020. A link to the CRA’s most up-to-date administrative policies regarding COVID-19 can be found here.
Taxpayers under audit…
On March 25, 2020, the Ontario government released a one-year economic and fiscal update to respond to the COVID-19 public health crisis, in place of a full budget (see publication here). The update introduced the following tax measures designed…
The Canada Revenue Agency (“CRA”) has announced additional tax relief measures as part of its response to the ongoing COVID-19 crisis. These measures are summarized below.
Administrative Tax Measures
The new measures extend various filing deadlines under the Income Tax…
In response to the ongoing COVID-19 pandemic, the BC government has declared a state of emergency. The Province has taken several steps to address the challenges that the pandemic presents.[1]
Both filing deadlines and payment deadlines for:
…
On March 18, 2020, the Department of Finance announced the COVID-19 Economic Response Plan (“the COVID-19 ERP”) designed to help Canadians facing hardship as a result of the COVID-19 outbreak.
This post focuses on the tax-related measures contained in the…
On April 2, 2020 the Federal Court of Appeal released a Notice to the Parties and the Profession extending the suspension period, during which time the computation of time under both procedural rules and any direction or order of the…
As part of the federal government’s COVID-19 Economic Response Plan, the Canada Emergency Wage Subsidy (CEWS) proposes to provide a 75 per cent wage subsidy to eligible employers for up to 12 weeks, retroactive to March 15, 2020. The…
The Canada Revenue Agency again updated its website which sets forth the extended filing due dates for various entities as a result of COVID-19 (link). This time, the CRA extended to June 1, 2020 the deadline to file a…
As of March 30, 2020, the Canada Revenue Agency updated the website it maintains setting forth the extended filing due dates for individuals, corporations, trusts and charities (link). In doing so, the CRA explicitly extended the filing due date…
Despite the COVID-19 crisis, BC has refused to extend the deadline to complete the 2019 Speculation and Vacancy Tax (SVT) declaration, which remains due on March 31, 2020. Each registered owner of residential property in an affected area must complete…
