Tax Alert Archives

COVID-19 Tax Update: Legislation implementing the Canada Emergency Wage Subsidy (CEWS) enacted

On April 11, 2020, Bill C-14 COVID-19 Emergency Response Act, No. 2, was released, passed all stages of reading and received Royal Assent. The legislation amends the Income Tax Act (Canada) to implement the CEWS and contains substantially greater…

Prepared by: Julia Ji

Julia Ji is an associate practising in the firm’s Toronto office. Julia’s practice includes corporate tax advisory, tax planning, business structuring and tax litigation. Prior to joining Thorsteinssons, Julia was a certified digital project manager specializing in enterprise information architecture… more »

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COVID-19 Tax Update: Finance Announces Changes to Canada Emergency Wage Subsidy (CEWS)

UPDATE: Legislation implementing the CEWS was enacted into law on April 11, 2020. See our Tax Alert on that update here

On April 8, 2020 the federal government released additional and revised details on the Canada Emergency Wage…

Prepared by: Julia Ji

Julia Ji is an associate practising in the firm’s Toronto office. Julia’s practice includes corporate tax advisory, tax planning, business structuring and tax litigation. Prior to joining Thorsteinssons, Julia was a certified digital project manager specializing in enterprise information architecture… more »

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COVID-19 Tax Update: Federal Court of Appeal extends suspension period and implements measures allowing certain matters to proceed

On April 2, 2020 the Federal Court of Appeal released a Notice to the Parties and the Profession extending the suspension period, during which time the computation of time under both procedural rules and any direction or order of the…

Prepared by: Morgan Watchorn

Morgan Watchorn is an articling student in the firms Vancouver Office. During law school, Morgan worked as a teaching assistant in the Faculty of Law and served as a representative on the Faculty of Law Equity Committee. Morgan also competed… more »

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COVID-19 Tax Update: Department of Finance Releases Guidance on the Canada Emergency Wage Subsidy

UPDATE:  Legislation implementing the CEWS was enacted into law on April 11, 2020. See our Tax Alert on that update here

UPDATE:  Changes to the CEWS were announced on April 8, 2020. See our Tax Alert on those changes

Prepared by: Julia Ji

Julia Ji is an associate practising in the firm’s Toronto office. Julia’s practice includes corporate tax advisory, tax planning, business structuring and tax litigation. Prior to joining Thorsteinssons, Julia was a certified digital project manager specializing in enterprise information architecture… more »

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COVID-19 Tax Update: Extension to T3 Filing Deadline for Off-Calendar Year Trusts

The Canada Revenue Agency again updated its website which sets forth the extended filing due dates for various entities as a result of COVID-19 (link). This time, the CRA extended to June 1, 2020 the deadline to file a…

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: Extension to T2 Filing Deadline

As of March 30, 2020, the Canada Revenue Agency updated the website it maintains setting forth the extended filing due dates for individuals, corporations, trusts and charities (link). In doing so, the CRA explicitly extended the filing due date…

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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Speculation and Vacancy Tax Declaration Deadline Tomorrow

Despite the COVID-19 crisis, BC has refused to extend the deadline to complete the 2019 Speculation and Vacancy Tax (SVT) declaration, which remains due on March 31, 2020. Each registered owner of residential property in an affected area must complete…

Prepared by: Noah Sarna

Noah is a partner practising in the firm’s Toronto and Vancouver offices. Noah’s practice focuses on all aspects of commodity tax, including Goods and Services Tax/Harmonized Sales Tax, provincial sales taxes and property or land transfer taxes, including Vancouver’s vacancy… more »

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COVID-19 Tax Update: Deferral of GST/HST Payments

On March 27, 2020, the federal government announced that GST/HST remittances and customs duty payments will be deferred to June 30, 2020.[1] This follows similar announcements from the Provinces regarding provincial sales taxes.[2]

The extension applies…

Prepared by: Zheting Su

Zheting is an associate at the firm’s Vancouver office. Zheting’s practice focuses on all aspects of transactional/commodity taxes, including the Harmonized Sales Tax (HST), Goods and Services Tax (GST), First Nations GST, provincial sales taxes, realty taxes (such as land/property… more »

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Bill C-13, the COVID-19 Emergency Response Act receives royal assent

After speedy passage through the House of Commons and Senate, Bill C-13 received royal assent on March 25, 2020.

Bill C-13 makes amendments to the wide range of federal Acts needed to implement the Department of Finance’s COVID-19 Economic Response…

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 »

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