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 february 15, 2020

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 T4’s.

 • 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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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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Previous Communications

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) FAQ’s

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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 MARCH18, 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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