Notables

COVID-19 (Coronavirus) Update for Tax Professionals

Latest update: May 28, 2020

Lifetime Contribution Award Nominations

This is the most prestigious award given by the Foundation. We are now accepting nominations for the 2020 Lifetime Contribution Awards. Submit your nominations by June 30.

Click here for the nomination form & other details

Tax Court of Canada Update

Further to the Notices to the Public and the Profession issued on March 13th, March 23rd, April 17th and May 20th, 2020, and in light of the exceptional circumstances evolving constantly, the Tax Court of Canada is further restricting its judicial sittings and operations.
Amended Practice Direction and Order - May 27, 2020

Notice to the Public and the Profession - May 27, 2020

Canada Emergency Wage Subsidy Feedback & Summary of Outstanding COVID–19 Tax Issues

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. Thanks again to all of our members and others in the business and tax community for your input.

The two documents below, which were jointly prepared by CPA Canada and the Foundation, summarize the questions that have been shared with the tax authorities about the Canada Employment Wage Subsidy (CEWS) and the outstanding COVID-19 tax issues outside of the CEWS program. We have recently updated the second document to reflect input received as of May 28 and and will continue to update both documents as more information becomes available. A French version of each will follow.
We look forward to clarification of these points and invite your additional suggestions at conferences@ctf.ca.

Current as of April 14, 2020
Canada Emergency Wage Subsidy Feedback

Current as of May 28, 2020:
Summary of outstanding Covid-19 Tax Issues

Notables

Canada Emergency Wage Subsidy (CEWS) - Prioritized Questions and Issues | FAQs - Canada emergency wage subsidy (CEWS)

The Foundation has been working with our members and other stakeholder organizations to discuss issues and resolve questions in relation to the COVID-19 economic package. We understand that the first FAQ about the CEWS program will be released shortly. We have worked with CPA Canada and a small volunteer working group to identify high priority issues from the more than 100 questions submitted to us. Attached is the first grouping of such questions, which were forwarded to CRA. We will update the issues log on our website as responses are received. CRA has invited us to continue to identify the highest priority items that would benefit from clarification on a weekly basis.

Updated on May 19, 2020:
Canada Emergency Wage Subsidy (CEWS) - Prioritized Questions and Issue

Updated on May 5, 2020:
Updated CEWS FAQs: The CRA has updated its list of Frequently Asked Questions (and answers) for the Canada Emergency Wage Subsidy.
See the updated list of FAQs here