Latest News

Clarification expected from CRA on March 18 COVID-19 economic relief package
The tax community has many questions regarding details of the March 18 package of economic relief measures announced by the federal government to address the COVID-19 pandemic. The Foundation is working collaboratively with CPA Canada, APFF and other stakeholders to communicate these concerns.  At this time, it is expected that the Canada Revenue Agency will be posting a list of issues and associated responses, as they become available. Our website will be updated to provide this link for our members. In addition, should you have a query that is not included in the original list, please forward to us at conferences@ctf.ca and we will forward as appropriate.

April 7
Canada Emergency Wage Subsidy Feedback

Over the last few weeks, the Canadian Tax Foundation has been actively collaborating with other stakeholders to raise issues and suggestions relating to tax aspects of the economic response to the COVID-19 pandemic. We have been updating our website and sharing responses from government through various channels as information becomes available.
 
Thank you to all of our members and others in the business and tax community for your input. The attached document, which was jointly prepared by CPA Canada and the Foundation, summarizes the questions that were recently forwarded to the tax authorities about the Canada Employment Wage Subsidy (CEWS).
 
We look forward to clarification of these points and invite your additional suggestions.

Click here to view document

April 1
Department of Finance Update:

Finance Minister Bill Morneau today provided further details on the Canada Emergency Wage Subsidy (CEWS) and the Canada Emergency Response Benefit (CERB). The CERB is to deliver $2,000/month for those not receiving EI. For the CEWS, eligible employers who suffer a drop in gross revenues of at least 30 percent in March, April, or May, when compared to the same month in 2019, are able to access the subsidy for up to three months, retroactive to March 15.  The employer must attest that it is doing all it can to pay the remaining 25 percent, and it must apply for the subsidy monthly. Applications will be made online via a CRA portal, with payment anticipated in six weeks.There will be significant penalties for abuse of the program

General details available here

More to be added to our website when released.

March 31
On March 30, 2020 the CRA provided updated information on income tax filing and payment dates.

Click here for details

March 27
On March 27, the federal government announced additional economic measures to support small business and entrepreneurs. These measures include (1) an increase in wage subsidies to 75 percent, backdated to March 15, so that employers can keep workers on the payroll; and (2) loan guarantees. Also, the deadline for the payment of GST/HST and import/export duty has been extended to June. In addition, the government has confirmed that the new $2000-a-month Canada Emergency Response Benefit will be taxable.

Click here for details

The Québec government announces new measures to help individuals and businesses on March 27,2020

Québec is following the federal government’s lead and allowing businesses to postpone filing until June 30, 2020 their returns and payments in respect of the March 31, April 30 and May 31 QST remittances, without interest or penalties. Moreover, Québec will accelerate the processing of requests for tax credits intended for businesses and tax refunds. Revenu Québec is also establishing new initiatives to make life easier for individuals and businesses.

Click here for details

March 26
COVID-19 Update: Additional measures from the Canada Revenue Agency

On March 26, the Government of Canada announced further details of fiscal measures that it is taking as part of the COVID-19 economic relief package.

Click here for details

Revenu Quebec:

Questions and answers from Revenu Quebec about tax measures put in place due to the situation stemming from COVID-19 .

Click here for more details

March 26
Alberta's COVID-19 Response:

Corporate income tax deferral
As announced on March 18, 2020, Alberta businesses with corporate income tax balances that become owing on or after today or instalment payments coming due between March 18, 2020 and August 31, 2020, can defer making these payments until August 31, 2020.

For more information, see Special Notice Vol. 5 No. 56 – Deferral of Corporate Income Tax Payments.

Click here for details
March 25
Government introduces Canada Emergency Response Benefit to help workers and businesses

To support workers and help businesses keep their employees, the Government of Canada has passed legislation to establish the Canada Emergency Response Benefit (CERB). This taxable benefit will provide $2,000 a month for up to four months for workers who lose their income as a result of the COVID-19 pandemic. The CERB will be a simpler and more accessible combination of the previously announced Emergency Care Benefit and Emergency Support Benefit. 

Click here to find out our more
The government of Ontario today released a one-year economic and fiscal update. Ontario’s Action Plan: Responding to COVID-19 outlines the government’s $17 billion response.  

Tax measures include a proposed temporary increase to the Employer Health Tax exemption; a proposed new corporate income tax credit—the Regional Opportunities Investment Tax Credit; a five-month interest and penalty-free period in which to make payments for the majority of provincially administered taxes; deferral of the upcoming quarterly remittance of education property tax to school boards to provide municipalities with the flexibility to provide property tax deferrals; and the provision of up to $1.9 billion in financial relief by allowing employers to defer WSIB payments for up to six months.

Click here to find out more

March 24
BC Provincial Tax Changes - Action plan

Province announces extension of filing and payment deadlines for certain taxes to September 30, 2020 and postpones certain tax changes announced in Budget 2020 until further notice.

Click here to find out our more
March 23
CRA COVID-19 Update: Fiscal measures for accountants and tax preparers

The Government of Canada has recently announced fiscal measures to help Canadians during this period, some of which affect tax-filing and payment deadlines.

Click here fore more details

Further to the Notice to the Public and the Profession issued on March 13th, 2020, and in light of the exceptional circumstances evolving rapidly, the Tax Court of Canada is further restricting its judicial sittings and operations.

Practice Direction and Order - March 23

Notice to the Public and Profession - March 23

March 19
The Québec government will harmonize its measures with two federal government assistance measures announced yesterday

Click here for the English version
cliquez ici pour la version française
MARCH 18
The federal government today announced an expansive package of relief measures designed to provide economic support for individuals and businesses during the COVID-19 pandemic.

Tax compliance measures include the postponement of (1) tax-filing deadlines for trusts to May 1, and individuals to June 1; and (2) payment dates for all taxpayers (individual and corporate) to August 31, without interest or penalty. Also, authorization forms with electronic signatures will now be recognized.

Click here for more details

Trusts other than December 31 – case by case penalty waiver/relief applications

Click here for more details
MARCH 17

Quebec Finance Minister Eric Girard announced that the government is postponing the deadline for producing and filing income tax return for individuals to June 1,2020.


For individuals, deadlines to pay amounts owed on income tax returns for the 2019 tax year is postponed to July 31, 2020. The payment of the June 15, 2020, tax installment is suspended until July 31, 2020 for Quebec taxpayers. For businesses, the payment of tax installments and taxes due as of today is suspended until July 31,2020.
Tax return preparers will be allowed to use an electronic signature on certain forms that they must have their clients sign.

Click here for more details
Individuals and businesses will have until August 31,2020, to pay their income tax due. All tax audits and collection activities are being suspended and there will be greater flexibility in respect of payment agreement for tax debts.

Click here for the Information Bulletin 2020-4 and the announcement made by Revenu Québec

Practice Direction and Order with respect to the Tax Court of Canada

Tax Court of Canada has cancelled all its judicial activities for the weeks of March 16th and March 23rd, to and including March 27, 2020
Download English Version

Download French Version

 

Our Response

The Public Health Agency of Canada is actively monitoring the current outbreak of COVID-19 (Coronavirus) and working with the World Health Organization and other international groups. The federal and provincial governments are rapidly putting in place measures that are precautionary to minimize the risk of exposure and spread.

The health and safety of our staff and members is paramount and, in accordance with the guidance issued by the Ontario and Quebec public health authorities, we have decided to close our Toronto and Montreal offices for the foreseeable future.

Further steps have been taken to work with our landlords to incorporate additional cleaning, hand sanitizers and signage in our premises. We will continue to monitor updates from public health authorities.

Conferences

At this time, we remain optimistic that most of our core conferences will proceed, particularly those scheduled for the fall. However, out of respect for the protocols to which many of our volunteer program committee members are currently subject, and the uncertainty of travel over the coming weeks, we will be holding most of the planning meetings virtually. We will rely upon our live webcasts as an option for delegates and remain on standby to postpone or modify our events as appropriate. Please check our events page to see which events have been cancelled our postponed.

2020 Conferences
Young Practitioner Events

Cancellations

In the event of a cancellation of an event, between now and May 30th, registered delegates will receive a full refund. Alternatively, we will offer delegates the option to save a credit on their CTF account to be applied to a future event or publication order. Please contact conferences@ctf.ca for any inquiries.

Visitors to the CTF Toronto Library

As part of our measures to mitigate the impact of COVID-19, The Research Centre situated in the Toronto office of the Canadian Tax Foundation will be closed for the foreseeable future. Staff will be working remotely during this period to support our members, and can be contacted at:

Ask A librarian
Email the Research Centre
Services will be limited to information we can access on databases and websites and tax research instruction as our staff will not have access to the collection during this time. We apologize for any inconvenience and thank you for your understanding.

 

Where I can I find more information?

Thank you for your support of the Foundation and our work.