Update of Government Programs and Announcement of the NEW HVGP Client Portal
HVGP LLP is proud to be your trusted advisor, and we want to continue to ensure we are providing you with information that is valuable and relevant to you. As we move into 2021 there are several things that we want to ensure you are aware of:
Update of Government Support Programs and Upcoming Deadlines
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 budget once it is released. There have been speculations that the capital gains inclusion rate may change. This could result in increased taxes on future capital gains. Please do not hesitate to contact our office if you have any questions to start pre-planning for the Federal Budget.
The following support programs are covered in our attached newsletter:
· Ontario Small Business Support Grant
· Ontario’s Main Street Relief Grant (PPE support)
· Canada Emergency Wage Subsidy (CEWS)
· Canada Emergency Rent Subsidy (CERS)
· TWSE (Form PD27)
· Canada Emergency Business Account (CEBA – $60k loan)
· Canada Recovery Benefit (CRB)
· Canada Recovery Sickness Benefit (CRSB)
· and Canada Recovery Caregiving Benefit (CRCB)
HVGP LLP Office Update and NEW CLIENT PORTAL
Through the challenges of COVID-19 our office continues to stay open to serve you. While we have reduced the number of staff in person in our offices to ensure the safety of our staff, we have evaluated ways to ensure we are able to provide you with the safest and most secure electronic document sharing options. As part of our strategy we have recently made an investment in a new practice management software – CCH iFirm. There are two key changes that you will see as a result of this change:
CCH iFirm allows us to create Client Portals that provide a secure channel for our clients to receive and share documents, allowing us to communicate with you more effectively. As we transition to this new software you may receive an invitation from us inviting you to join your client portal, and if you have multiple accounts with us you may receive more than one. If you receive an invitation to a client portal you need to register within 7 days to receive access. We will also be rolling out portals for personal tax returns. More information on this will follow in our upcoming Tax Season communication.
The second largest change you will see beginning February 1, 2021 is that we also be leveraging this new software to streamline our Statement of Accounts. Typically, you would receive a mailed statement of your account monthly, going forward the statement of account will be emailed directly to the contact on file. If you require us to add an additional email contact for your accounts payable, please reach out to us to let us know at admin@hvgp.ca.
We look forward to continuing to serve you in 2021, and if you have have questions regarding the programs outlined above, please feel free to contact our office at 905 891 5339.
