Canadian flag emphasizing support and hope through COVID-19 pandemic as highlighted in the 2020 Throne Speech.

2020 Throne Speech Highlights

On September 23, the second session of the 43rd Parliament opened with the traditional Throne Speech, which provided an overview of the Government’s plan for moving through the Covid-19 pandemic and boosting the economy for long-term recovery. Here are highlights of the various measures announced: Support for Individuals Although the Canada Emergency Response Benefit (CERB) will expire as previously announced on October 3, the Government announced that those who received the CERB would be supported by …

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Dice on table depicting mandatory self-reporting for 10% temporary wage subsidy

Mandatory Self Reporting For The 10% Temporary Wage Subsidy

The Canada Revenue Agency (CRA) has released the PD27 10% Temporary Wage Subsidy Self-Identification Form for Employers. Eligible employers are required to indicate on the form the amount of Temporary Wage Subsidy (TWS) claimed as a reduction of their payroll remittances for the period March 18 to June 19, 2020. The CRA has confirmed employers who are eligible for the 10% Temporary Wage Subsidy are required to complete and file a self-identification form demonstrating their …

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Canadian compass pointing to support of Canadian Business with CEWS extension and increased funding

CEWS Extension – Increased subsidies and reduced revenue requirements to support our Canadian Businesses

On July 17, 2020, Finance Minister Bill Morneau provided further information on the extension of the CEWS program to December 19, 2020. Commencing with the period beginning July 5, 2020, the 30% revenue reduction requirement will become any decline in revenue and there is an additional subsidy for those with a revenue decline greater than 50%.  The maximum top-up subsidy of 25% is reached for employers with a 70% average revenue drop over the preceding …

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COVID-19 Financial Relief for Canadians

Comprehensive Review of all the COVID-19 Financial Relief Measures to Date – UPDATED

COVID-19 – FINANCIAL RELIEF FOR CANADIANS Since the beginning of March, restrictions and measures related to COVID-19 have rapidly escalated. On March 18, 2020, the Government of Canada announced a series of measures designed to support the finances of individuals, businesses, charities, and non-profit organizations. Since then, on an almost daily basis, new possibilities have been introduced, and old ones have been adjusted. This document aims to provide a consolidated summary of support in their …

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Canadian Emergency Wage Subsidy Applications

Start Applying for the Canadian Emergency Wage Subsidy on April 27, 2020

As the spread of COVID-19 continues to drastically alter the daily life of small businesses McCay Duff is monitoring the federal government’s rollout of Canadian financial assistance. When can Canadian Businesses Start to Apply? Today, the Prime Minister announced that employers will be able to start applying for the Canadian Emergency Wage Subsidy (CEWS) on April 27, 2020. How to Apply for the Canadian Emergency Wage Subsidy? Employers will be able to apply through their …

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Canada Emergency Wage Subsidy Interactions

Canada Emergency Wage Subsidy Updates and how it Interacts with other Relief Measures

McCay Duff continues to monitor the Federal and Provincial governments COIVD-19 announcements.  Following is the latest information on the Canada Emergency Wage Subsidy (CEWS) and how it interacts with other previously announced relief measures. Canada Emergency Wage Subsidy (CEWS) The CEWS does not replace the 10%  Temporary Wage Subsidy, but rather is a new program. Eligible Employers Eligible employers would include individuals, taxable corporations and partnerships consisting of eligible employers as well as not-for-profit organizations …

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COVID-19 Not-for-Profit Annual General Meeting Ontario Compliance

COVID-19 Results in New Ontario Annual General Meeting Regulations

This week the Government of Ontario implemented an emergency order that would temporarily suspend certain legislative provisions and set out replacement provisions related to the Corporations Act (CA) and the Business Corporations Act (OBCA). The emergency order applies to not-for-profit corporations incorporated under the Ontario Corporations Act (CA) and gives them the ability to hold virtual meetings; as well as extends the timeframe for AGMs to be held. For more information, see the Ontario Nonprofit …

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