April 28, 2020
Discussion on some selected tax considerations arising out of COVID-19, such as waiving interest on inter-company debts, certain U.S. COVID-19 relief measures and force majeure clauses and contract termination payments.
April 17, 2020
Summary of COVID-19 relief measures and the impact of COVID-19 on audits and tax disputes, as well as residency for tax purposes: mind and management best practices.
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.
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.
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.
April 02, 2020
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.