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,…
On October 14, 2020, the Department of Finance released a backgrounder providing additional details on the proposed extension to the Canada Emergency Wage Subsidy (the “CEWS”) program, as first announced in the Speech from the Throne. Read our detailed…
Authored by St. John McCloskey
The B.C. government has declared that the substantive provisions of the Land Owner Transparency Act (“LOTA”) will largely come into force on November 30, 2020. First announced in June 2018, and enacted into law in…
On September 17, 2020, the government of British Columbia announced that it would introduce the B.C. Increased Employment Incentive (BCIEI). The BCIEI is a refundable tax credit with criteria similar to the federal Canada Emergency Wage Subsidy (CEWS); see…
The Minister of National Revenue (the “Minister”) recently issued orders pursuant to the Time Limits and Other Periods Act (COVID-19) (the “Act”), extending certain time periods under the Income Tax Act (“ITA”) and Excise Tax Act (“ETA”).
Most importantly, the…
In order to align with the Time Limits and Other Periods Act (COVID-19) (the “Act”) which came into force on July 27, 2020, the Tax Court of Canada has extended its previously announced suspension period from 173 days to 185…
On August 11, 2020, the Canada Revenue Agency updated its frequently asked questions page (available here) for the Canada Emergency Wage Subsidy (the “CEWS”). This update follows significant amendments to the CEWS legislation enacted on July 27, 2020. Read…
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 trusts…
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…
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:
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