New Ontario COVID-19 Worker Income Benefit – May 6, 2021

New Ontario COVID-19 Worker Income Benefit – May 6, 2021   On April 29, 2021, the Ontario government amended the Employment Standards Act (ESA) to require employers to provide employees with up to 3 days of paid emergency leave for certain reasons related to COVID-19. Eligible employers could recover up to $200 per day (limited to the regular wages the employee would have received). More information will be available soon…

Summary of Federal Budget – April 19, 2021

Summary of Federal Budget – April 19, 2021   On April 19, 2021, the Honourable Chrystia Freeland tabled her first budget as federal Minister of Finance. The federal government initially predicted deficit for 2020-21 to be $381.6 billion, the new budget revises this down to $354.2 billion. The deficit for 2021-22 is predicted to be $154.7 billion. No changes were made to income tax rates. There are no changes to…

Summary of Ontario’s 2021 Budget – March 26, 2021

Summary of Ontario’s 2021 Budget – March 26, 2021  On March 24, 2021, the Ontario government released its 2021 budget. The deficit for 2021-2022 is projected at $33.1 billion, down from $38.5 billion last year, with deficits of $27.7 billion and $20.2 billion projected for 2022-23 and 2023-24. Although the deficit is significant, the government understands the importance of supporting healthcare and jobs.  Please read our summary to learn more about:…

2020 Personal Tax Filing Information

2020 Personal Tax Filing Information You will begin receiving your 2020 personal tax records and information slips shortly, and to assist you with organizing which documents apply to you we have created a 2020 PERSONAL TAX CHECKLIST. There are also a number of New Updates and Reminders for you to be aware of as you prepare your documents.  We have summarized a list of these for you to read in…

Update of Government Support Programs and Upcoming Deadlines – January 2021

Update of Government Support Programs and Upcoming Deadlines – January 2021 Happy New Year Everyone! We hope you have had a peaceful and relaxing holiday. As we look forward to a new year, we would like to connect with you on the ongoing Federal and Provincial support programs, and their upcoming deadlines. The Federal Government budget is anticipated to be announced in March. We will provide a summary of the…

Season’s Greetings and Holiday Hours

Season’s Greetings and Holiday Hours This year we feel it is especially important for us to take a moment to send everyone sincere wishes for a healthy and happy holiday season.   Our business, like yours, has had to adapt and adjust so often in 2020 it feels like there hasn’t quite been time to stop to thank everyone who supports us enough. We had our 1st “virtual” team holiday get together on Friday night. During…

2020 Year End Tax Planning Tips

2020 Year End Tax Planning Tips This year had been challenging for both businesses and individuals, the government had implemented various assistance programs in response. The Federal Government provided a Fall Economic Statement on November 30, 2020, which can be found at the following link.   Year-end tax planning As we wind up the year 2020, we have prepared a summary of the items you may wish to consider you…

November 20, 2020 – Updates on Government Relief Initiatives

Updates on Government Relief Initiatives -November 20, 2020 On November 19, 2020, the government passed Bill C-9 into legislation. It enacts the new Canada Emergency Rent Subsidy (CERS) and extends the Canada Emergency Wages Subsidy (CEWS) to June 30, 2021. Both subsidies are determined based on revenue decline, to bring support to those who are suffering from the pandemic. To assist those affected by the lockdown measures, there is an…

Summary of 2020 Ontario Budget – November 5th 2020

2020 Ontario Budget: On November 5th, 2020, Rod Phillips, Ontario’s Minister of Finance, presented the province’s budget.  Please find our summary of the budget here.   Other Government Support: CEBA: Further to our last newsletter regarding the increase from $40,000 to $60,000, the government had updated their position and you are now permitted to apply if you were not operating your business from an active business banking account. However, you…

6th Annual Pink Truck Tour visits HVGP LLP

6th Annual Pink Truck Tour visits HVGP LLP HVGP LLP is proud to once again be a Gold Sponsor of The Mississauga Fire Fighters Benevolent Fund 6th Annual Pink Truck Tour.  This tour raises funds and awareness for the Cancer program and Trillium Health Partners. Support of the cancer program will help continue to transform cancer care in our community, so that patients can continue to receive high-quality, specialized care…



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HVGP LLP

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