R v. Virani: Proof of Income under the Canada Recovery Benefit
As the Canada Revenue Agency (CRA) continues to audit taxpayers in relation to COVID-19 benefits received during the pandemic, it is important to understand how taxpayers should engage with the CRA to support their entitlements. This article will discuss the Canada Recovery Benefit and a recent Federal Court decision that demonstrates how deceptively difficult it […]
The New Canada Recovery Hiring Program
The Federal Government recently announced a new program to assist businesses that have been impacted financially by the Covid-19 pandemic. The Canada Recovery Hiring Program (“CRHP”) offers eligible employers who have experienced a declined in revenue as a result of the pandemic, a subsidy of up to 50 per cent of eligible salary or wages. […]
Business Emergency Subsidies (CEWS, CERS, and CHRP)
The Federal Government announced changes to the Canada Emergency Wage Subsidy (“CEWS”) and Canada Emergency Rent Subsidy (“CERS”) programs and established the new Canada Recovery Hiring Program (“CRHP”). Canada Emergency Wage Subsidy (“CEWS”) The Covid-19 pandemic took the world by storm and placed many businesses, especially small ones, in a precarious position of both […]
Canada Recovery Benefits
On October 2, 2020, the Canadian government announced three new temporary Recovery benefits to assist Canadians unable to work, experiencing reduced income due to the COVID-19 pandemic, or recovering or tending to one sick with COVID-19. These recovery benefits are the Canada Recovery Benefit (CRB), the Canada Recovery Caregiving Benefit (CRCB), and Canada Recovery Sickness […]
The Canada Emergency Wage Subsidy
Previously, we wrote about the initial emergency relief Canada Emergency Wage Subsidy (CEWS) implemented by the Government of Canada. As the changes implemented on November 19th build on the already existing CEWS, it is important to have a good understanding of the initial program. Our earlier blog posts on the COVID-19 Benefit Programs and CEWS […]
COVID-19 and Taxpayer Relief
In certain circumstances, the Minister of National Revenue may grant relief to a taxpayer where they cannot meet their tax obligations. Relief is discretionary. The Minister has broad discretion to provide relief. For instance, The Minister can provide for the waiver or cancellation of all or part of the penalties and interest payable by the […]
Canada Emergency Wage Subsidy Audits
COVID-19 and the Canadian government’s response to lockdown parts of the country has naturally left many businesses struggling to operate. For some businesses, revenue have fallen so sharply that they are faced with the possibility of shutting down if they don’t receive assistance. Canada Emergency Wage Subsidy In response, the Government of Canada implemented […]
International Tax Issues Created by COVID-19
The ongoing COVID-19 pandemic has forced changes in all aspects of life. One of the main changes being the imposition of travel restrictions to and from Canada for citizens, non-residents and vacationers. The travel restrictions imposed by Canada and many other countries worldwide, has had the unforeseen consequences of forcing people to stay longer than […]
CRA Audits of COVID-19 Benefit Programs
Globally, COVID-19 has been the greatest upheaval the world has seen since the second World War. Millions infected and countless effected. Government assistance programs such as the Canada Emergency Response Benefit (“CERB”), Canada Emergency Wage Subsidy (“CEWS”), and the Canada Emergency Student Benefit (“CESB”) have all been instituted in order to help the Canadian people […]
Home Office Expenses and COVID-19
With almost all businesses adopting a work-from-home policy during the COVID-19 pandemic, employees and independent contractors may be wondering if they can claim home office expenses for their new work environments. If you have been working remotely, you may be able to claim some expenses related to the business use of the home. Home […]