Tax Notes

Proposed time limits and other periods act (COVID -19)

May 20, 2020

On May 19, 2020, the Minister of Justice released the proposed Time Limits and Other Periods Act (COVID-19), which was accompanied by a statement indicating that it is intended to ensure that Canadians and Canadian businesses are able to preserve their legal rights and facilitate access to
justice.

Tax Notes

CEWS legislation receives royal assent

April 13, 2020

On April 11, 2020, legislation implementing the Canada Emergency Wage Subsidy (CEWS) was tabled as Bill C-14 and received Royal Assent later that day. The concepts underlying CEWS are substantially unchanged from our prior Tax Note, although the legislation provides additional clarity for employers and their advisors.

Tax Notes

Impact of COVID-19 on Tax Disputes

April 06, 2020

There have been various administrative concessions made by the courts and the Canada Revenue Agency (“CRA”) in response to the widespread slowdown of business activity occasioned by the COVID-19 pandemic.

Tax Notes

Canada emergency response benefit

April 03, 2020

On March 24, 2020, Parliament enacted the Canada Emergency Response Benefit Act. The new Canada Emergency Response Benefit (CERB) offers income support for up to 16 weeks for workers who lose pay because of the pandemic.

Tax Notes

Canada emergency wage subsidy

April 02, 2020

Finance provides details of Canada emergency wage subsidy

In a press conference and technical briefing held on April 1, 2020, the Department of Finance provided additional information regarding the proposed Canadian Emergency Wage Subsidy (CEWS). The Department of Finance has not yet released draft legislation or a detailed technical backgrounder, and details are therefore somewhat sparse at this time.

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