To help businesses in the province during the COVID-19 pandemic, Workplace NL is deferring the collection of employer assessment payments and waiving interest charges and penalties until June 30, 2020.
This means that all insured employers will not have to worry about paying assessments until July 2020. The deferral will be applied to all existing payment plans and post-dated cheques. The relief measures are automatic and employers do not need to contact WorkplaceNL. Click here for more information.
The government announced measures that will permit EI access to self-employed individuals. At this time, access is limited to the Emergency Care Benefit.
The benefit provides income support to workers who must stay home and do not have access to paid sick leave and includes:
The link to the EI information can be found here.
No information has been provided in respect to regular benefits at this time. Should additional information become available we will advise.
CRA has announced the following with respect to current Requirements to Pay arrangements for past due balances owing:
A RTP is one of the methods CRA uses to collect debts from taxpayers who do not voluntarily pay the amounts they owe. Unsure if your company or one of your employees are subject to a requirement to pay? Click here for the link explaining the requirement to pay conditions.
Noseworthy Chapman is committed to continue to service our clients to the best of our ability with minimal disruption as we know having guidance on tax and financial matters is very important to our clients at this time of crisis. Reach out to a member of our service team for assistance, we are here to help.