by cpiwebdesign | Nov 17, 2020 | Uncategorized
The Government of Ontario recently tabled its 2020 Budget. Highlights are outlined below: Corporate Tax: Corporate Tax Rates No new corporate income tax rate changes were announced in this year’s budget. As a result, selected combined 2020 federal and Ontario tax...
by cpiwebdesign | Nov 12, 2020 | Uncategorized
The government introduced the Canada Emergency Wage Subsidy to protect Canadian jobs, encourage employers to quickly rehire workers previously laid off because of COVID-19, and help bridge the Canadian economy to the other side of this unprecedented crisis. The wage...
by cpiwebdesign | Nov 11, 2020 | Uncategorized
The Government of Canada has now introduced draft legislation that includes the new Canada Emergency Rent Subsidy (CERS) and the Lockdown Support Subsidy. The application process for these new subsidies is not yet available. Under these proposed provisions,...
by cpiwebdesign | Oct 14, 2020 | Uncategorized
On October 9, 2020 the Government of Canada announced that it will be extending the Canada Emergency Wage Subsidy, creating a new Canada Emergency Rent Subsidy program, and expanding the Canada Emergency Business Account. Canada Emergency Wage Subsidy The government...
by cpiwebdesign | Jun 9, 2020 | Uncategorized
On July 1, 2020 the government’s prescribed interest rate will decrease from its current two percent to one percent. In some cases, this can provide a tax planning opportunity to split income with a spouse or common-law partner, children, grandchildren or other...
by cpiwebdesign | May 15, 2020 | Uncategorized
Finance Minister Bill Morneau today announced that the Government of Canada will extend the CEWS by an additional 12 weeks to August 29, 2020. Extending the program will give workers greater confidence that they will continue to get the support they need during these...
