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Ontario's Action Plan to Respond to COVID-19 - Tax Aspects On March 25, 2020, the Ontario Government announced new tax relief measures in response to the COVID-19 pandemic. Temporary Increase to Employer Health Tax Exemption Businesses with less than $5 million in...

On March 27, 2020, Prime Minister Justin Trudeau made a number of new announcements as outlined below. The Prime Minister unveiled that the government is going to be increasing the payroll subsidy in an effort to thwart layoffs due to COVID-19. This subsidy will now...

On March 25, 2020, the Ontario government announced a five-month relief period for Ontario businesses who are unable to file or remit select provincial taxes on time, due to the special circumstances caused by the coronavirus (COVID-19) in Ontario. This relief period...

Temporary Wage Subsidy for Employers - Expanded Definition of 'Eligible Employer' As you may be aware, on March 25, 2020 the Federal Government passed the legislation required to implement measures recently announced. Contained in this legislation is an expanded...

Further to the Ontario Government's March 23, 2020 announcement, it has been determined that Lipton is an "Essential Workplace". As a result, our offices will remain "open" and we will continue with our present modified work arrangement. Although most of our partners...

As a follow-up to the Government of Canada's recent announcement on the Temporary Wage Subsidy for Employers, the CRA has now provided their answers to frequently asked questions. In order to assist you, we are pleased to provide you with the following link containing...

As you may be aware, the CRA has recently extended the personal tax filing deadline to June 1, 2020. While this allows everyone more time to prepare and file their tax returns, we are urging everyone to send us their tax filing information as soon as possible,...

On March 20, 2020, U.S. Treasury Secretary Steven Mnuchin announced that the individual tax return filing deadline of April 15th, 2020 has been extended to July 15th, 2020 to coincide with the previously announced payment due date extension for amounts up to US...

As a valued client of Lipton LLP and in response to recent community health concerns, we want to advise you of changes to our personal tax return process as well as update you on our plans in case of a required office closure. As of today, all tax return filing and...

In response to COVID-19, on March 18, 2020, the Government of Canada announced new financial and tax measures. Highlights are outlined below: Extension of Filing Deadlines Individuals, other than trusts, will have an extended filing deadline to June 1, 2020 for the...

The April 30, 2020 deadline to file your 2019 personal income tax return is quickly approaching. As a result of changes in tax laws and the ever-increasing complexity in preparing personal tax returns, please gather your required tax information(as outlined in the...