October 1 - Important Changes Coming to VDP
Effective October 1, 2025, important changes will be made to the Voluntary Disclosures Program (VDP) at the CRA in order to make it easier for taxpayers to correct unintentional filing errors or omissions. The details on how the changes will affect your clients are being discussed in the CE Summit held September 17 and this course is now available for online enrolment and CE accreditation, after the virtual event. Here are some highlights of the changes.It’s Spring E-Training Time: Hop to Your $200 Easter Treat
It's a different type of post-Easter treat savings! Treat yourself to a new professional development opportunity. Available only until April 15. . . when you enrol in a Designation program. We've also waived instalment fees on our EZ-Pay plan.
Special CERB Report: How to Apply Now
Canadians can start to apply for the Canada Emergency Response Benefit (CERB) this week and there are some new details to be aware of. Here’s how it will work:
Finally: Details on the 75% Employer Wage Subsidy
The distance from Friday to Wednesday can seem like an eternity when hope hangs on the promise of a 75% wage subsidy. The details were finally announced on April 1, which we are sharing today. But the euphoric moment is somewhat muted as the fine print includes uncertainty, complexity and the reality that money will not flow for six weeks. This may be devastating for businesses trying to avoid bankruptcy at this critical time.
Additional Support for SMEs: New EI Work Sharing Program
As the coronavirus Pandemic spreads in Canada, employers who face reduced revenues can try to avoid layoffs with the 75% Wage Subsidy Program. A second line of defense is a new EI Work-Sharing (WS) Program. Previously available only in the forestry, steel and aluminum business, there is now no restriction to a particular industry. Here’s a checklist of information for bookkeepers, tax and financial advisors to share with small business clients.
GST/HST Remittance Requirements Postponed
There’s more good news for small business owners affected by the pandemic. On March 27, the federal government announced that it’s deferring payments of all GST/HST remittances until June 30, 2020. Here are the details:
Timing is Everything: How to Apply, and Apply Again for the Canada Emergency Response Benefit
Canadians can apply for the Canada Emergency Response Benefit (CERB) starting on April 6, but the government is hoping to flatten the curve of responses by having affected Canadians in a specific order, by birth month. Here’s how it will work:
