COVID-19 Updates

With the Canada Emergency Wage Subsidy (“CEWS”), many small and medium-sized businesses are busy at work trying to figure out if their revenue decline was enough to qualify for CEWS. Many businesses, especially service businesses, are having a hard time collecting revenues. In this time of uncertainty, by carefully interpreting the revenue recognition accounting standards, […]

Today, the government announced key changes to the 75% Canada Emergency Wage Subsidy (CEWS). Today’s update addresses many of the concerns we previously raised. As a result, many businesses that didn’t qualify before would now qualify under what we call CEWS “Version 2.0”. Conditions to Qualify The subsidy is available to eligible employers who suffer

With more and more people thinking about updating their wills or getting their power of attorney (POA) done during the COVID-19 pandemic, the Ontario government has relaxed rules surrounding the need to witness such documents. Under the existing rules, a will is only valid when the testator makes or acknowledges the signature in the presence

The U.S.  recently passed the Coronavirus Relief Bill (CARES Act) to provide economic relief measures to individuals and businesses affected by the COVID-19 pandemic. We point our Canadian readers to the Recovery Rebate, the individual tax measures, and the business tax measures that is sure to help U.S. Expats living in Canada and Canadians who

What is the CEWS? The Canada Emergency Wage Subsidy (CEWS) would apply at a rate of 75% of the first $58,700 normally earned by employees – representing a benefit of up to $847 per week per employee[1]. What period does the subsidy cover? The program would be in place for 12 weeks, from March 15

The Canadian Government has proposed legislation to establish the Canada Emergency Response Benefit (CERB). This taxable benefit would provide $2,000 a month for up to four months for workers who lose their income due to COVID-19 for at least 14 consecutive days within any four-week period from March 15, 2020 until October 3, 2020. You