COVID-19 Information

We encourage you to file your income tax and benefit return electronically and as soon as possible to make sure your benefits and credits are correct.

Do you have EI enquiries regarding COVID-19?

1-833-381-2725

Tax Deadline and Payment Deadline Changes

 

Individuals - The deadline to file your income tax and benefit return was deferred until June 1, 2020.
The deadline to pay any balance due for your individual income tax and benefit return for 2019 has been extended from April 30, 2020, to September 30, 2020. This means you will not be assessed any penalties or interest if your balance due is paid by September 30, 2020.

Self -employed and their spouse or common law partner - For self-employed individuals or those who have spouses or common-law partners that are self-employed, the deadline to pay any balance due for your individual income tax and benefit return has been extended from April 30, 2020, to September 30, 2020.

Businesses

Corporations - The federal deadline for corporations to pay any income tax amounts that become owing or due after March 18, 2020 and before September 29, 2020 has been extended to September 30, 2020. This means you will not be assessed any penalties or interest if your balance due is paid by September 30, 2020. The Alberta deadline to make payments for balances owing between March 18 and September 29 is September 30, 2020.

GST/HST - The deadline to file returns remains the same. Payments that would have been due starting March 27, 2020 and up to the end of June 2020 were due by June 30, 2020. If you are unable to make these required payments, you may be able to request interest relief from the Canada Revenue Agency. This link may help.

 

WCB - The Government of Alberta announced measures to provide financial support to help employers through the challenges of the global COVID-19 pandemic.

These measures include a deferral of 2020 WCB premium payments for all private sector employers until 2021. When invoicing resumes in 2021, small and medium-sized employers (those with $10 million or less in insurable earnings) will only be required to pay 50 per cent of their 2020 premiums – the other 50 per cent will be paid by the Government of Alberta.

 

Alberta Small and Medium Enterprise Relaunch Grant - Starting June 29, 2020, the Alberta Government is offering a grant worth up to $5,000 to businesses who experienced at least a 50% drop in revenues due to COVID-19 and have re-opened or plan to re-open soon. Apply here.
 

Wage Subsidy Programs:

Canada Emergency Wage Subsidy (CEWS) (commonly called the 75% subsidy)

The deadline to apply for this subsidy (for all periods) is January 31, 2021

Periods 1 to 4 (March 15 to July 4, 2020)

  • You are a Canadian employer and you have experienced at least a 15% reduction in revenue for March (first month test) or 30% for April, May or June (subsequent month tests). It can be compared to the same month in the prior year or the average of January and February 2020. You can also choose if you will compare based on accrued or cash method. When you meet the qualification for a month, the following month you will automatically qualify.

  • The subsidy will not exceed 75% of pre-crisis remuneration based on the average weekly amounts paid January 1 to March 15 (maximum $847/week/employee)

  • The subsidy can apply to owner-managers who meet the requirement to be on the payroll January 1 to March 15

  • An additional subsidy is available for employers who have their employees on paid leave during the crisis to also be reimbursed for 100% of the employer portion of CPP and EI

  • Calculations are tricky and penalties for gaming the system are high so be sure to be informed and correctly make your applications

  • You will need to re-apply each month that you qualify

Periods 5 and forward (July 5 to December 19, 2020)​

  • The calculations become even more in depth and special care needs to be taken to determine reasonable claims

  • The revenue drop requirement has changed to "any reduction" and the subsidy is based on the percentage of revenue reduction

  • If the revenue decline is more than 50%, there is an additional subsidy (25% top up)

  • The base wages will need to be recalculated and is based on the percentage of revenue drop each period

  • For periods 5 and 6 (July and August) you can choose to use the Period 1-4 rules if the subsidy would be more under these rules

  • You can use this estimator to determine if you may have a claim and potentially how large it might be

Temporary Emergency Wage Subsidy (TEWS) (commonly called the 10% subsidy)

  • This program ran from March 18 to June 19

  • All of our clients who have small businesses qualify for this subsidy 

  • If you did not take advantage of this subsidy, you can still do so now or wait to calculate it at the end of the year and receive a refund of over-remitted payroll remittances

Neither subsidy applies for contractor payments

Both subsidies will be taxable when the income tax return is filed

Canada Emergency Commercial Rent Assistance (CECRA)

  • In limited circumstances, there may be assistance for those renting commercial space

  • The details are available at this link 

Canada Emergency Business Account (CEBA)

  • Starting April 9, eligible businesses may apply for an interest-free business loan through your financial institution

  • It is interest-free until December 31, 2022 and eligible for 25% complete forgiveness if 75% of the loan is repaid fully on or before this date

  • If it is not repaid by this date, it can be extended for a 3-year term with a 5% interest rate

  • The criteria to be eligible requires that the business had between $20,000 and $1.5M of gross payroll in 2019 (amounts updated April 16, 2020)

  • If you cannot qualify based on the above criteria, see this link for additional qualifications that can be used to potentially access this funding

  • Application deadline has been extended to October 31, 2020

If you are not eligible for the CEBA, there is an alternate source of funding available​

Canada Emergency Response Benefit (CERB)

  • As an individual you may be entitled to up to $2,000 per four week period (for a maximum of 24 weeks) if you are unable to work or have significantly reduced opportunity to work due to COVID-19

  • This benefit will expire on September 26, 2020 and there will be a process to move recipients into the EI system

  • All of the CERB details can be found here

  • If you need to pay back some or all of your CERB benefits, check this link

Canada Emergency Student Benefit (CESB)

  • A post-secondary student not entitled to CERB and unable to work due to COVID-19 may be eligible for $1,250 per month this summer or $2,000 if they have a dependent

  • Apply with My Account or via phone at the Canada Revenue Agency - see details here

Helpful links

 

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 Last modified: June 23, 2020

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