The team at Fuller Landau is personally committed to helping you and your business respond and adapt to the unprecedented developments around COVID-19. Check here regularly for the latest updates on measures the Canadian and US governments are taking to help businesses. We will be adding more tools and resources for you as the situation evolves.
Today, the Government of Canada announced additional investments to support Canadian businesses from the economic impacts of the COVID-19 pandemic. These new measures are intended to provide support to financial institutions and allow them to provide additional credit and liquidity options for a range of businesses. Deferral of Sales Tax Remittance ... Read More
On March 25, 2020, Ontario’s Minister of Finance tabled several measures to assist residents of Ontario impacted by the COVID-19 pandemic. The measures were quickly enacted by the Legislature. Temporary Increase in Employer Health Tax Exemption The Employer Health Tax Act was amended to increase the eligible exemption amount from the tax. Bus ... Read More
The Government of Canada today announced details of the Canada Emergency Response Benefit (CERB) to help works and businesses impacted by COVID-19. Legislation enacting this benefit has passed the House of Commons and is expected to be passed by the Senate later today. The CERB is a taxable benefit of $2,000 per month for up ... Read More
There is welcome news for many small employers that are not corporations. Legislation passed by the House of Commons included a change in the definition of “Eligible Employer” for the Temporary Wage Subsidy from what had previously been announced. An eligible employer now includes individuals and partnerships whose members include individua ... Read More
The Temporary Wage Subsidy for Employers was announced by the Government of Canada on March 18, 2020. It is a three-month measure to assist eligible employers by reducing the amount of payroll deductions required to be remitted to the Canada Revenue Agency (CRA). An eligible employer is a Canadian-controlled private corporation (CCPC), a non-prof ... Read More