Tax Alert Archives July 2020

COVID-19 Tax Update: CRA extends payment deadline and provides automatic relief of interest and penalties

The Canada Revenue Agency has updated its website which sets forth the extended payment deadlines for various entities as a result of COVID-19 (link).

Extended from September 1 to September 30, 2020 is the deadline for individuals, corporations and…

Prepared by: Chris Marta

Chris Marta is an associate practising in the firm’s Vancouver office. Chris Marta’s practice focuses on domestic and international tax planning for individuals, trusts and corporations. He also represents taxpayers in their disputes with the Canada Revenue Agency. Prior to… more »

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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 litigation and also includes personal and corporate tax planning.  She assists her clients in managing and resolving… more »

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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

Prepared by: Alexander Demner

Alexander is a partner practicing in the firm’s Vancouver office. Alexander’s practice covers several areas of taxation, including owner-manager remuneration, estate planning, pre-sale and divestiture structuring, and taxpayer representation (both at the administrative appeal stage and in front of the… more »

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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. During his law degree, Tyler participated in the Law Students’ Legal Advice Program and the UBC Law Review, and played intramural ice hockey for the UBC Law Legal Eagles. Tyler also… more »

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COVID-19 Tax Update: Tax Court of Canada reopens for business

The Tax Court of Canada reopened for business on Monday July 6, 2020. All Court’s Registry offices are now open, with the exception of the Hamilton office.

The Court is expected to release additional information in relation to its reopening…

Prepared by: Hayleigh Cudmore

Hayleigh Cudmore is an associate practising in the firm’s Toronto office. Hayleigh’s practice focuses on all aspects of taxpayer representation and tax litigation. She also advises clients on the tax aspects of a wide variety of matters, including corporate reorganizations… more »

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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. During his law degree, Tyler participated in the Law Students’ Legal Advice Program and the UBC Law Review, and played intramural ice hockey for the UBC Law Legal Eagles. Tyler also… more »

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