Posted on April 1st, 2020 in Domestic Tax, General Business, Human Resources Advisory

COVID-19 Resource Centre

Covid-19

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Canada Emergency Commercial Rent Assistance – We’ve provided a summary of the key supports available to businesses facing financial hardships due to COVID-19. (Updated: August 4, 2020)


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Tax Payment and Filing Deadlines for Personal Tax Returns – The CRA has announced that there will now be no late-filing penalties on a personal tax return as long as it is filed by September 30 and the payment of taxes owing must also be received by September 30, 2020.


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Canada Emergency Wage Subsidy – On July 28, 2020, Bill C-20, An Act respecting further COVID-19 measures, received Royal Assent. The act extends the CEWS until December 19, 2020, including redesigned program details until November 21, 2020, making the subsidy more accessible to a broader range of employers.


Frequently Asked Questions – Our FAQ Centre was created to assist with the common COVID-19 questions that our client’s are asking. We are updating this page regularly (Updated: July 29, 2020).


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Canadian Tax Recap – This article (Updated by RSM Canada: July 28, 2020) provides a helpful recap of all tax updates from the Canada Revenue Agency (CRA) and Provincial governmental authorities related to COVID-19.


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Agribusiness Government Programs: Quick Reference – Visit this reference page for a number of recent updates to the Agribusiness Government programs. (Updated: July 21, 2020)


Changes to Layoffs in Ontario: What Does This Mean for Your Business? – Infectious Disease Emergency Leave (IDEL) is a new job-protected leave that applies retroactively to all non-unionized employees whose hours were temporarily reduced or eliminated on or after March 1, 2020, as a result of COVID-19.  We’ve created a helpful resource to explain how IDEL impacts non-unionized employees in Ontario.


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Funding Guide – A handy reference guide developed by RSM Canada (Updated: May 27, 2020) detailing the various funding and supports available to businesses through the Federal government (e.g. CEWS, Temporary Wage Subsidy, EI Work-Sharing Program, Business Loans etc.)


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Optimizing Your Estate Planning Through a CDA in the Wake of COVID-19 – The Capital Dividend Account (CDA) is a key part of the estate plan for owners of private corporations. By following the steps in the right order, a business owner can maximize both the corporation’s ability to survive tough economic times and the shareholder’s ability to access cash without incurring tax.


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HR COVID-19 Audit: Proactive Planning for Employers – On May 14, 2020, Premier Doug Ford announced the plan to phase out its semi-lockdown starting on May 19, 2020. We can help walk you through the critical steps you should consider for the return to work and re-opening of your business.


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Government Announces Additional Support for the Agribusiness Sector – On May 5, 2020, the Federal Government announced an investment of more than $252 million to support farmers, food businesses, and food processors who provide essential services. 


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Finding Creative Solutions for Commercial Tenancies during COVID-19 – An article that examines some creative ways in which commercial real estate landlords and tenants are working together during the pandemic.


Agri-Food Open for E-Business initiative On April 24, 2020, the governments of Canada and Ontario announced that they are investing up to $2.5M to help the agri-food sector expand online. The program is available to food producers, farmers markets, retailers, garden centres, greenhouses, nurseries, and agricultural associations. 


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Labour Inspections for Temporary Foreign Agricultural Workers   Starting April 21, 2020, the Ministry of Labour, Training and Skills Development (MLTSD) will begin to conduct workplace inspections with a focus on workplaces that employ temporary foreign agricultural workers across Ontario. 


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Funding Support for Farmers and Food Processors Amidst COVID-19 Pandemic – $50 million in federal funding has been made available to help employers cover the costs incurred during the mandatory 14-day quarantine required for all temporary foreign workers arriving from abroad.


Five Strategies to Consider for Generating Tax Relief During COVID-19 – With the markets being down as a result of COVID-19, we’ve provided some tax planning options that you may wish to consider.


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Can I Deduct Home Office Expenses During COVID-19? – The COVID-19 pandemic has forced many businesses to temporarily close down their business premises. As a result, many employees have been asked to work from their homes. This has raised a few questions relating to the deductibility of home office expenses.


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WebcastChristina Atkinson and Lynne Vidal present an informative 40-minute webcast outlining the COVID-19 tax measures and government supports available for businesses operating in Ontario (April 14, 2020).


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2020-2021 Ontario’s Action Plan Commentary – On March 25, 2020, Finance Minister Rod Phillips released Ontario’s Action Plan: Responding to COVID-19 (March 2020 Economic and Fiscal Update). We’ve created a summary of the key points.


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Update – Federal Government Economic Response Plan – On March 25, 2020, the Federal Government announced an update to their previous Economic Response Plan. We’ve created a helpful resource for workers affected by COVID-19 to help determine eligibility for the various government supports.


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Federal Government Economic Response Plan Summary – In response to COVID-19, the Canada Revenue Agency (CRA) and certain provincial governmental authorities released new tax measures for Canadians yesterday (March 18, 2020).  Article outlines CERB and EI.


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COVID-19: Best HR Practices – There is a lot of information circulating regarding the COVID-19 pandemic. In this time of uncertainty, we want to ensure you have the most accurate and up to date best HR practices.


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Important Tax Update – Response to COVID-19 – In response to COVID-19, the Canada Revenue Agency (CRA) and certain provincial governmental authorities released new tax measures for Canadians on March 18, 2020.  Article covers the 10% wage subsidy.