Tax Compliance Update
IMPORTANT UPDATE – GOVERNMENT RESPONSE TO TAX COMPLIANCE DURING COVID-19 OUTBREAK
On March 18, 2020, the Canada Revenue Agency (CRA) and certain provincial governmental authorities released tax measures in connection with COVID-19.
Please visit the link below from an article provided through our RSM Canada Alliance that details the government release.
Items of note:
- Personal tax filing deadline extended to June 1, 2020
- Deferral of individual and corporate income tax payments (balance due and instalments) until September 1, 2020
- Enhanced EI sickness benefits and waived waiting period
- 10% wage subsidy for small businesses (up to $25,000 per employer for the next three months)
Ford Keast LLP will continue to monitor government releases and will share information that impacts your personal and business income tax matters. We encourage clients to continue submitting documents to us ELECTRONICALLY, where possible. Our staff remain working on files and we will process your documents as timely as possible.
Please contact your Ford Keast representative to discuss this article or address any other concerns you may have at this time.