Tax Alert Archives

COVID-19 Tax Update: Department of Finance releases additional details on CEWS extension

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…

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 »

Share

COVID-19 Tax Update: B.C. announces CEWS-like employment incentive

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…

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 »

Share

COVID-19 Tax Update: Minister of National Revenue issues time extension orders under Time Limits Act

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…

Prepared by: Vivian Esper

Vivian is an is an associate working out of the Vancouver office of Thorsteinssons LLP. Vivian’s practice focuses on tax dispute resolution with the Canada Revenue Agency and Tax Court of Canada.  Her practice also includes tax planning involving individuals,… more »

Share

COVID-19 Tax Update: CEWS FAQs Updated

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…

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 »

Share

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 trusts…

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 »

Share

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 »

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

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