2020 Personal Tax Checklist

 

2021 TAX FACTS FOR NEWFOUNDLAND & LABRADOR RESIDENTS

 

COVID-19

With the COVID-19 pandemic spreading throughout the world, we will be providing updates and guidelines to you, our valued clients. Please note that due to the rate at which the current situation is changing, the information in this website is considered accurate as of the release dates indicated below.

MOST RECENT UPDATE

COVID-19 Financial Impact Report – RELEASED MARCH 19, 2021

CANADA EMERGENCY WAGE SUBSIDY (CEWS) AND
CANADA EMERGENCY RENT SUBSIDY (CERS) UPDATE

Canada Emergency Business Account (CEBA) Deadline Approaching

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COVID-19 Financial Impact Report – RELEASED february 15, 2021

HASCAP LOAN, T4 REPORTING, HOME OFFICE USE, VEHICLE BENEFITS

Highly Affected Sectors Credit Availability Program (HASCAP)

Temporary Adjustments To The Automobile Standby Charge For The 2020 And 2021 Taxation Years

Reminder Of Previously Communicated Upcoming Deadlines And Reporting Requirements For 2020 Related To Employee T4s.

Changes to 2020 T4 Reporting by Employers

Requirement for the 10% Temporary Wage Subsidy Self-Identification Form for Employers (Form PD27)

Home Office Expenses and Form T2200S (Declaration of Conditions of Employment for Working at Home Due to COVID-19)

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Please note that due to the rate at which the current COVID-19 situation is changing, and the response by government to feedback on its initiatives, the information contained in this update is accurate as of the release date indicated above.

 

 

COVID-19 FINANCIAL UPDATE – RELEASED FEBRUARY 13, 2021

HOME OFFICE TAX DEDUCTIONS UPDATE.

 

 

COVID-19 Financial Impact Report – RELEASED JANUARY 20, 2021

FILING DEADLINES, HOME OFFICE TAX DEDUCTIONS, T4 REPORTING & CEWS PERIODS 11, 12 & 13 UPDATE.

Filing Deadline for the Canada Emergency Wage Subsidy (CEWS) for certain periods is January 31, 2021

Requirement for the 10% Temporary Wage Subsidy Self-Identification Form for Employers (Form PD27)

Home Office Expenses and Form T2200S (Declaration of Conditions of Employment for Working at Home Due to COVID-19)

Changes to 2020 T4 Reporting by Employers

Canadian Emergency Wage Subsidy (CEWS) Update Released for Periods 11 to 13.

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COVID-19 Financial Impact Report – RELEASED December 11, 2020

EXPANDED SUPPORT PROGRAMS

Government of Newfoundland & Labrador Programs

Canada Emergency wage Subsidy (CEWS)

Canada Emergency Business Accounts (CEBA)

Canada Emergency Rent Subsidy (CERS)

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COVID-19 Financial Impact Report – RELEASED November 2, 2020

Newfoundland & Labrador Small Business Assistance Program

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COVID-19 Financial Impact Report – RELEASED OCTOBER 15, 2020

Expanded Support Programs

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COVID-19 Financial Impact update – RELEASED september 29, 2020

CRA Payment Deadline

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COVID-19 Financial Impact update – RELEASED september 1, 2020

Application Deadline Extensions For CEBA And BCAP Loans

New 2020 T4 Reporting Requirements Announced

Extended CRA Deadlines Reminder

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COVID-19 IMPACT ON BUSINESS – RELEASED August 28, 2020

Canada Emergency Commercial Rent Assistance (CECRA) Deadline Notification

Insurance Proceeds and Provincial Rent Support Program

What if property owner has not declared rental income for 2018 and/or 2019?

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COVID-19 IMPACT ON BUSINESS – RELEASED JULY 29, 2020

Canada Revenue Agency (CRA) Tax Payment Deadline Extension

Interest on Existing Tax Debt

Filing deadlines for returns unchanged

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COVID-19 IMPACT ON BUSINESS – RELEASED JULY 20, 2020

Canadian Emergency Wage Subsidy (CEWS) – New Rules Announced for Extended July to December Subsidy Periods

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COVID-19 IMPACT ON BUSINESS – RELEASED JUNE 26, 2020

Reminder of Pending CRA HST Extension Payment Deadline June 30th

CEBA Eligible Expenditure Expanded Criterial Portal for Financial Institutions Opens Today

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Previous Communications

COVID-19 IMPACT ON BUSINESS – RELEASED JUNE 19, 2020

Essential Worker Support Program (EWSP)

Employer Compensation for Workers in Self-isolation due to COVID-19 Travel Restrictions

Filing Extensions

Service to Our Clients – Level 2 Operations

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COVID-19 IMPACT ON BUSINESS – RELEASED June 17, 2020

CEWS – Extension of Subsidy Periods

CEBA – Expansion of criteria for CEBA

Tax Filing Deadlines

Service to Our Clients – Level 3 Operations

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COVID-19 IMPACT ON BUSINESS – RELEASED MAY 15, 2020

CEWS – Extension of Subsidy Periods

Tax Filing Deadlines

Service to Our Clients – Level 4 Operations

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COVID-19 IMPACT ON BUSINESS – RELEASED May 4, 2020

Government of Newfoundland and Labrador Employee Subsidy

Federal Government Measures

– Canada emergency response benefit (cews)

Canada Emergency Business Account (CEBA)

Canada Emergency Commercial Rent Assistance (CECRA)

Reminder of CRA Personal Tax Filing Deadline

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COVID-19 IMPACT ON BUSINESS – RELEASED APRIL 25, 2020

Canada Emergency Commercial Rent Assistance (CECRA)

Canada Emergency Wage Subsidy (CEWS) FAQs

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COVID-19 Wage Subsidies Are you Eligible?

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COVID-19 IMPACT ON BUSINESS – RELEASED APRIL 21, 2020

Canada Emergency Wage Subsidy (CEWS) Application Portal

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COVID-19 IMPACT ON BUSINESS – RELEASED APRIL 17, 2020

Canada Emergency Wage Subsidy (CEWS) Program 

Canada Emergency Business Account (CEBA) Program 

Canada Emergency Response Benefit (CERB) Program 

New: Canada Emergency Commercial Rent Assistance (CECRA) Program

Government of Newfoundland Support for Business

Reminder of CRA Deadlines and Extensions

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COVID-19 IMPACT ON BUSINESS – RELEASED APRIL 9, 2020

CEWS – New Criteria Will Help More Small Businesses Qualify

Canada Student Summer Job Program

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COVID-19 IMPACT ON BUSINESS – RELEASED APRIL 6, 2020

Specifics on Canadian Emergency Wage Subsidy (CEWS)

Temporary Wage Subsidy (TWS)

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COVID-19 IMPACT ON BUSINESS RELEASED APRIL 1, 2020

Additional details on Canadian Emergency Wage Subsidy (CEWS)

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COVID-19 IMPACT ON BUSINESS – RELEASED MARCH 30, 2020

Update on Canadian Emergency Wage Subsidy (CEWS)

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COVID-19 IMPACT ON BUSINESS – RELEASED MARCH 27, 2020

Business Support Update

Temporary Wage Subsidy

Deferral of the Payments of Goods and Services Tax/Harmonized Sales Tax (GST/HST) and Customs Duties

New Canadian Emergency Business Account

Small and Medium-sized Enterprise Load and Guarantee Program

Clarifications of Previous Announcements

– Canada Emergency Response Benefit (CERB)
– Temporary Wage Subsidy
– Workers Compensation Update
– 2019 Personal Tax Filings

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COVID-19 IMPACT ON BUSINESS – RELEASED MARCH 25, 2020

CRA Initiatives

Workers Compensation Commission Initiative

Financial Institutions Initiatives

Government Subsidies and Program Initiatives

– 10% Temporary Wage Subsidy
– Work Sharing Program
– Supplementary Unemployment Benefit Plan (SUBP)
– New Canada Emergency Response Benefit (CERB) Announced March 25th Assists Self-employed Individuals

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COVID-19 IMPACT ON BUSINESS – RELEASED MARCH 24, 2020

Workers Compensation Relief Measures

Self-employed Individuals’ Access to Employment Insurance (EI)

CRA Requirements to Pay (RTP) Relief

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COVID-19 IMPACT ON BUSINESS – RELEASED MARCH 23, 2020

Temporary Wage Subsidy

Work-sharing Program

Supplementary Unemployment Benefit Plan (SUBP)

Cashflow Tools

Service to Our Clients

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COVID-19 IMPACT ON BUSINESS – RELEASED MARCH 20, 2020

Update on the 10% Wage Subsidy, Maximum $25,000 Benefit

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COVID-19 IMPACT ON BUSINESS – RELEASED MARCH 19, 2020

Employee Options

BDC Webinar

Provincial Government

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COVID-19 IMPACT ON BUSINESS – RELEASED MARCH 18, 2020

Employee Matters

Financial Matters

Summary of Key Funding Announcements of Wednesday, March 18th

– 10% Salary Subsidy Available to Businesses to a Maximum of $25,000
– Wage Support for Self-employed and those Not Eligible for EI
– Tax Deadlines Changes

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COVID-19 AND OUR CLIENTS – RELEASED MARCH 14, 2020

Service to Our Clients

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Snap Reads

Business books are great but who has the time? Get the best advice from the biggest books in bite-sized reads with Cal LeGrow and Noseworthy Chapman Snap Book Series. What’s the best business book you don’t have time to read?  Get in touch and tell us which Snap Review you’d like us to do next.

Steal Like an Artist – Snap Read 

Every Great artist is a thief because creativity doesn’t happen in a vacuum, writes Austin Kleon in his book about making art and innovation.  Not a business book by Definition, Steal Like An Artist focuses on creativity, success, and building something from the ground up – themes which are highly valuable for start-ups and business people looking to bring something new into the world.

The Lean Start Up – SNAP READ 

Innovate, move quickly, and succeed with Eric Ries’ best start up advice.

First, Break all the Rules – SNAP READ 

Get into First, Break All the Rules by Marcus Buckingham and Curt Coffman and discover with the best managers do differently.


REAL TALK SERIES (5 MINUTE READ)

Real Talk: Powered by Cal LeGrow and Noseworthy Chapman – to provide what you need to know from leaders in their fields.

 

Learn how to plan for retirement and transferring your business

Succession Planning 101

 

The 2019 federal budget and what it means for your business

Real Talk Federal Budget 2019

 

Cyber Crime and how to protect your business 

Real Talk How to reduce your Cyber Risks

 

Fraud and Forensic Accounting

Real Talk Fraud, Forensic Accounting and How to Protect Your Business

 

Cashflow 101

Real Talk Cashflow 101


FEDERAL BUDGET 2019 DETAILED COMMENTARY

A detailed discussion of the 2019 federal budget.



Tax Newsletters

Summer 2020 Newsletter

Spring 2019 Newsletter

Winter 2019 Newsletter

Fall 2018 Newsletter

Spring 2018 Newsletter

Winter 2018 Newsletter


 

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