Further to statements in the Fall Economic Statement, the Canada Revenue Agency has announced an administrative policy relating to the ability of employees to deduct home office expenses for the 2020 taxation year. The policy is temporary and made…
We last wrote about the Land Owner Transparency Act (“LOTA”) on May 23, 2019. On November 30, 2020, the BC Ministry of Finance announced that the LOTA registry has now launched.
In the announcement, the Ministry was unambiguous…
On November 30, 2020, the federal government presented its Fall Economic Statement (“FES”). The FES contains numerous noteworthy tax measures, including both pandemic-related financial support as well as longer-term tax changes.
The following summarizes the notable income tax measures…
Note: To enhance readability, readers may access a PDF COPY OF THIS BLOG POST HERE.
I. Overview
On November 19, 2020, Parliament enacted the Canada Emergency Rent Subsidy (“CERS”). Ostensibly designed to replace the underutilized Canada Emergency…
A recent American Bar Association Practice Point article posed the question: may tax evasion be charged as a money laundering offence? In Canada, the answer is unequivocally, yes – the acts that result in a charge of tax evasion…
Employers are reminded that January 31, 2021 is the deadline to file a CEWS application for the initial qualifying periods or to amend any elections previously made in respect of those periods.
As background, to qualify for the CEWS an…
In light of the hardships posed by COVID-19, the BC Ministry of Finance has extended the time limits for filing appeals to the Minister for appeals due on or after March 18, 2020 but before January 5, 2021, until…
On November 26, 2020, the Tax Court of Canada cancelled all in-person judicial sittings scheduled between November 30, 2020 and January 15, 2021 (other than select sittings underway which conclude the week of November 30th). All parties affected by this…
On November 2, 2020, Parliament tabled Bill C-9 which, among other things, proposes to further extend and revise the Canada Emergency Wage Subsidy (CEWS) program. The proposals are in addition to the extensive CEWS revisions enacted on July 27, 2020;…
On October 9, 2020, the B.C. government announced a new Small and Medium-Sized Business Recovery Grant program. The program will provide up to $300 million to B.C. businesses that experienced a 70% revenue loss during March and April 2020,…
