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Delegates coming to Virtual DAC 2020 are in for an outstanding educational experience which includes pre-approved CE Credits and the promise to be the most unusual and memorable virtual conference you will ever attend. Check out the highlights: our incredible speakers, their cutting-edge topics, our pre-eminent sponsors and our delegates from coast-to-coast, who will participate in everything from wine tasting to cooking classes and goat yoga, after the educational events! Register by September 15.
The federal government announced Monday that tax filing and payment deadlines have been informally extended once again, this time until September 30. Though the deadline officially listed remains as June, no late filing penalties or interest will be charged provided the new September 30 deadline is met. However, tax credit or benefit recipients should file as soon as possible to avoid interruptions in payments.
On Monday, July 27 a couple of highly anticipated pandemic support measures were passed into law: the changes to the Canada Emergency Wage Subsidy (CEWS) for Period 5 forward and the one-time payments to disabled persons. This latter provision extended the tax-free disability payment to two categories of recipients who will not require a Disability Tax Credit to receive it.
We hope that you’re enjoying your summer holidays. Please note that our editorial team is on summer break, too. Knowledge Bureau Report will return August 12. However, our dedicated Educational Consultants are busy at work for those of you who wish to start Summer School online before the end of the month.
On July 17, 2020, a redesigned Canada Emergency Wage Subsidy (CEWS) was proposed with substantive changes over previous periods and the new rules are very complex. The good news is that the program has been extended to December 19, 2020 and potentially all businesses with a revenue loss over 0% could qualify for a wage subsidy.