Personal Tax Deadline Is June 1st – Please Send In Your Information This Week If you have submitted your information to us for the preparation of your personal tax returns, thank you. If you have yet to submit your information, a reminder that your personal returns are due June 1st, 2020 (June 15th for self-employed individuals). We know this is a difficult time and we want to ensure that we file your…
HVGP Office Hours & Update on Government Relief Programs – May 11, 2020 Update On Government Relief Programs Last week, Prime Minister Trudeau announced that the Canada Emergency Wage Subsidy (CEWS) will be extended beyond June to assist businesses to kick start the economy. We will provide details as they are made available. In addition, the government has provided updated information on the Canada Emergency Student Benefit (CESB) and Canada…
Update on Canada Emergency Wage Subsidy (CEWS) and Other Programs – April 22, 2020 Canada Emergency Wage Subsidy (CEWS) – update On Tuesday, Prime Minister Trudeau announced that organizations will be able to apply online starting Monday, April 27th, 2020 for the Canada Emergency Wage Subsidy (CEWS). The applications will be first processed May 4th in bulk and payments are targeted to being on May 5th. Auditors have been assigned…
Canada Emergency Wage Subsidy (CEWS) Updates as of April 14, 2020 On April 11th, 2020, the Canadian Government passed Bill C-14 into legislation and made a few changes to the initial proposal. Currently, the Bill provides for the CEWS program to end June 6, 2020, however the Minister has the power to extend the CEWS program to September 30, 2020 without having to recall Parliament. The Government is currently working…
Canada Emergency Wage Subsidy Update and How to Register for CRA My Account and My Business Account Yesterday, the federal government announced revisions to the Canada Emergency Wage Subsidy. This proposed subsidy requires the recall of parliament and for the bill to be passed into law and receive Royal Assent. Once it this occurs, the details of its availability will be known. Canada Emergency Wage Subsidy The proposed changes announced…
Summary of Federal Government Announcements – March 31, 2020 This morning, Prime Minister Trudeau shared more information on the measures that he introduced on Friday. He summarized that the government’s approach is to: 1.PROTECT JOBS – THE CANADA EMERGENCY WAGE SUBSIDY (CEWS) WILL: Provide a 75% wage subsidy Employers will need to show that revenues have dropped at least 30%. There are no details as to how that will be…
Summary of Canada and Ontario COVID19 Economic Support Plans – March 25, 2020 Yesterday, Bill C-13 received Royal Assent. This bill puts into place Canada’s Economic Response Plan to COVID-19. Of special note, the government has combined two of its earlier benefits into the Canada Emergency Response Benefit (CERB). In addition, the government of Ontario released its first step in its response to COVID-19 and includes $17 billion of support…
Summary of Canada’s COVID-19 Economic Response Plan & HVGP LLP Temporary Office Closure HVGP LLP Temporary Office Closure At HVGP LLP, our main priority is the health and well-being of our employees, our clients and our community. With that in mind, we want to do our part to help “flatten the curve” and as a result, effective Wednesday, March 18th we will be temporarily closing our office. All HVGP LLP…
COVID-19 Update – HVGP LLP Offices Closed To Visitors Effective Immediately The office of HVGP LLP will be closing our office to visitors/public effective immediately. We are taking this pro-active measure to ensure the health and safety of our staff. We understand this decision may create challenges for some clients, and we will continue to communicate with you as we follow guidance from the regional and national health authorities. For…
2019 PERSONAL INCOME TAX RETURN INFORMATION The deadline for filing your 2019 personal income tax return is April 30, 2020. If you or your spouse are self-employed, your filing deadline is June 15, 2020. All taxes payable are due by April 30, 2020. Also a friendly reminder that the deadline to contribute to your Registered Retirement Savings Plan is March 2, 2020. To confirm your exact 2019 RRSP contribution limit…
