Find details on the latest COVID-19 supports available for businesses and individuals here.

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Wondering how the Canada Emergency Student Benefit works and how to apply? This round-up from the @financialpost has everything you need to know.

The Prime Minister has announced further details regarding the Canada Emergency Wage Subsidy (CEWS) and the Canada Emergency Business Account (CEBA). Here's what you need to know.

Canadian living in the United States? Tip: Tax-free savings accounts are not "tax-free" in the eyes of the IRS, and income generated inside a TFSA must be reported each year on your U.S. tax return. Via @MoneySense

From @CPAcanada: Now is the time to assess and make wise use of financial support being offered by governments and financial institutions.

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COVID-19 Update: CEWS and CEBA

The Prime Minister has announced further details regarding the CEWS and CEBA over the past few days.   Canada Emergency Wage Subsidy (“CEWS”)   The CEWS had previously allowed Employers that experienced a 30% decline in revenue for April and May (15% for March) to claim a 75% wage subsidy paid for eligible employees subject…

2 min read

What’s new in 2020? The tax changes you should be aware of

By Bilal Kathrada Originally published by CPABC’s Industry Update.     Cn0ra/iStock/Getty Images Plus   Understandably, 2020 has been a stressful year for everyone thus far. Uncertainty and financial hardships have risen from the COVID-19 pandemic. As part of its ongoing efforts to provide financial relief measures to Canadians, the Federal…

3 min read

COVID-19: Canada Emergency Commercial Rent Assistance

The Federal Government announced the details of the Canada Emergency Commercial Rent Assistance (“CECRA”) earlier today.   The details are as follows: Landlords and property owners will be given forgivable loans equal to 50% of the rent for eligible businesses.   The Government will forgive these loans if: Landlords reduce the monthly rent payable by…

1 min read

COVID-19: Applying for the Canada Emergency Wage Subsidy

The Federal Government provided an update on the Canada Emergency Wage Subsidy (“CEWS”) earlier today.   The CEWS provides a subsidy to Eligible Employers of up to 75% of the remuneration paid (up to a maximum of $847 per week) if they have experienced certain revenue reductions.   Application The Canada Revenue Agency (CRA) will…

2 min read

An Update on 2019 Personal Tax Returns

Team Clearline is busy filing personal tax returns for 2019. Have you submitted your Personal Tax Checklist yet?    2019 deadlines   The government has extended the filing deadline to June 1, so there is no immediate rush to get your taxes filed. However, if you think you have a refund, we can file your…

2 min read

COVID-19: Emergency Wage Subsidy & Canada Summer Jobs

The Federal Finance Minister has announced further details and clarifications on the Canada Emergency Wage Subsidy. Please read below for the latest information.           Canada Emergency Wage Subsidy (“CEWS”) As shared in an earlier update, the CEWS will cover up to 75% of employees’ wages for Eligible Employers. The maximum Subsidy…

3 min read