Posts Categorized: Employment

Student Assistance Updates

Volunteering The Canada Student Service Grant (CSSG) for post-secondary students and recent graduate volunteering opens June 25, 2020. One-time payment of between $1,000 and $5,000 based on the number of hours served. Volunteer positions can be found through the I Want to Help platform at  https://www.jobbank.gc.ca/volunteer Paid work placements Supporting an additional 20,000 job placements… Read more »

Canada Emergency Business Account (CEBA)

CEBA Updates

This program provides interest-free loans of up to $40,000 to small businesses and not-for-profits that carry on active business activities to help cover non-deferable operating costs during a period where revenues have been temporarily reduced. If the balance of the loan is repaid on or before December 31, 2020 25% of the loan will be forgiven (up to $10,000). The following criteria must be met to qualify… Read more »

Canada Emergency Wage Subsidy (CEWS)

The Canada Emergency Wage Subsidy is a subsidy available for a period of twelve weeks that will provide a subsidy of 75% of eligible remuneration, paid by an eligible entity (eligible employer) that qualifies, to each eligible employee. Did you see a drop of at least 15% of your qualifying revenue in March 2020* and… Read more »

10% Temporary Wage Subsidy

While we await further information from the federal government on the 75% Emergency Wage Subsidy, the 10% Temporary Wage Subsidy is active, and will continue to be available to those who may not meet the 30% revenue decrease required to received the 75%. Here is everything you need to know: Benefit 10% of remuneration paid… Read more »

Canada Emergency Response Benefit (CERB)

The Canada Emergency Response Benefit (CERB) combines the previously announced emergency care and emergency support benefits, and focuses on those who are not eligible for traditional Employment Insurance benefits. Eligibility Eligible workers must be: At least 15 years old A resident of Canada Have earned a total of $5,000 of income for 2019 or in… Read more »

Wage Subsidy

Employers have access to a 75% wage subsidy for a period of three months, starting with the first pay period that includes March 15th, 2020 if they have had a 30% decrease in revenues. Details are still forthcoming.

Key Points: Canada’s COVID-19 Economic Response Plan

CANADA’S COVID-19 ECONOMIC RESPONSE PLAN – KEY POINTS FOR BUSINESSES AND INDIVIDUALS Since the beginning of March, restrictions and measures related to COVID-19 have rapidly escalated. While the first stages focused on public health and safety, in very short order, businesses and personal finances began to be affected. It is clear that these challenges will… Read more »

Costs of an Assistant

Scheduling Appointments

A November 5, 2019 Tax Court of Canada case reviewed the deductibility of employment expenses by a manager overseeing the Canadian sales force and operations of a multinational manufacturer of dental instruments and products. The taxpayer’s employer had no Canadian office, and she travelled extensively to meet with sales representatives, dealers and customers throughout Canada…. Read more »

Motor Vehicle Expenses

Car Tail Lights

In a September 17, 2019 Tax Court of Canada case, at issue was the deductibility of vehicle expenses, and in particular, the portion of total vehicle use that was for employment purposes. While initially challenged by CRA, the Court eventually accepted the credit card statements as support for the amounts expended. The taxpayer held and… Read more »

Property Flipping: Income or Capital?

 In an August 14, 2019 Tax Court of Canada case, at issue was whether the sales of four properties in B.C. were on account of income (fully taxable) or capital (half taxable), and whether they were eligible for the principal  residence exemption (potentially tax-free) as claimed by the taxpayer, a real estate agent. Essentially, the… Read more »