Tax Alert Archives July 2020

COVID-19 Tax Update: Tax Court outlines fast-track settlement conference process

As part of its reopening process, the Tax Court of Canada is introducing a fast-track settlement conference process to address the delays created by the Court’s closure due to the COVID-19 pandemic.  This new avenue of resolution is available for…

Prepared by: Florence Sauve

Florence Sauve is a partner in the Toronto office of Thorsteinssons LLP. Florence’s practice focuses on all aspects of taxpayer representation and tax.  She assists her clients in managing and resolving tax audit and appeal disputes and represents her clients… more »

Share

COVID-19 Tax Update: Government Extends CEWS until December 2020 and Revamps Eligibility Criteria

On July 17, 2020, the Department of Finance released draft legislative proposals (link) providing further relief related to COVID-19. Included were extensive revisions to the CEWS rules to, among other things:

  • extend the CEWS program until at least November

Prepared by: Alexander Demner, TEP

Alexander is a partner practicing in the firm’s Vancouver office. Alexander’s practice covers several areas of taxation, including estate planning, pre-sale and divestiture structuring, owner-manager remuneration, taxpayer representation, and tax litigation. Alexander routinely advises on and implements reorganizations for individuals,… more »

Share

COVID-19 Tax Update: CEWS to be Extended to December

The Prime Minister announced on July 13, 2020 that the federal government will extend the Canada Emergency Wage Subsidy (the “CEWS”) until at least December. Read our detailed blog post on the CEWS here.

Further details about the extension,…

Prepared by: Tyler Berg

Tyler is an Associate working in the Vancouver office. Tyler attended the Peter A. Allard School of Law at the University of British Columbia, where he completed the Juris Doctor program and the Business Law Concentration.  He competed in the… more »

Share

COVID-19 Tax Update: CRA interpretation of “extraordinary items” for CEWS

The CRA has released a technical interpretation (2020-0846711I7) outlining its views on what “extraordinary items” means for purposes of the Canada Emergency Wage Subsidy (“CEWS”). Read our detailed blog post on the CEWS here.

Qualifying revenue of an eligible

Prepared by: Tyler Berg

Tyler is an Associate working in the Vancouver office. Tyler attended the Peter A. Allard School of Law at the University of British Columbia, where he completed the Juris Doctor program and the Business Law Concentration.  He competed in the… more »

Share