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Gregory, Harriman & Associates LLP Blog

Guide to the Canada Emergency Response Benefit (CERB) the Canada Recovery Benefit (CRB) and Other Individual Relief Benefits (updated October 15, 2020)

The Canada Emergency Response Benefit (CERB) is a new temporary measure to assist individuals facing a loss of work. The Benefit is available from March 15, 2020, to October 3, 2020. You can apply no later than December 2, 2020 for payments retroactive to within that period. Eligible applicants can receive a taxable benefit of $2,000 every four weeks for up to 28 weeks and is intended to support workers who have lost their income due to COVID-19 (NOTE – maximum eligibility was originally set at 16 weeks, however, in June this was previously extended for 8 additional weeks, and then on August 20, the program was further extended for an additional four week period up to September 26, 2020).

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Guide to The Canada Emergency Wage Subsidy (CEWS) for Employers (Updated September 30, 2020)

The Canada Emergency Wage Subsidy (CEWS) for employers was implemented by the passing of Bill C-14 on April 11, 2020, and expanded with the passing of Bill C-20 on July 27, 2020. The subsidy is widely accessible to employers of all sizes and across all sectors of the economy, with the exception of public sector entities. It is intended to support businesses that are hardest hit by the COVID-19 pandemic and would help protect the jobs Canadians depend on during these difficult times.

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Overview of COVID-19 Benefits and Other Relief Measures (Updated September 15, 2020)

In response to the COVID-19 emergency, and its significant impact on the well-being of Canadian individuals, businesses, and other organizations alike, both the Canadian federal government, and Alberta government have introduced measures intended to assist Canadians in getting through this difficult time. Many of the measures are financial in nature and widely available. The purpose of this article is to summarize some of the many important benefits introduced to date and provide some guidance on what you need to do to ensure that you or your business are taking full advantage of the relief available.

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Temporary Wage Subsidy for Employers (TWS) – CRA Reporting Requirements – July 29,2020

The Canada Revenue Agency recently confirmed that all employers who were eligible to claim the 10% Temporary Wage Subsidy for Employers (TWS) for the period of March 18 to June 19, 2020, will be required to complete and submit information regarding the subsidy claimed for each eligible payroll account either through the payroll section of their My Business account (under menu option “10% Temporary Wage Subsidy”), or by completing form PD27 “Temporary Wage Subsidy Self-Identification Form for Employers”.

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Corporate Vehicle Expenses - What You Need to Know Before Claiming the Expense

Many small business Owner-Managers use their personally owned vehicle in performing the every-day duties of their incorporated business. This is an approach that often makes sense where the nature of the business is such that there is no need for a separate, corporate owned vehicle. In these cases, owning a vehicle that is used for both personal and business purposes in the owner’s personal name, instead of in the corporation, helps avoid the potential shareholder benefit issues that can arise where corporate owned vehicles are used for personal purposes.

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