On July 17, 2020, the government of Canada (the “Government”) released details, as well as draft legislative proposals to amend, inter alia, the Income Tax Act (Canada) (the “ITA”), in respect of a redesigned Canada Emergency Wage Subsidy (“CEWS”) program. The legislative proposals, in the form of Bill C-20, An Act respecting further COVID-19 measures (“Bill C-20”), received Royal Assent on July 27, 2020, and are now law.
HST rates are set to increase in three provinces. Businesses based in, or doing business with these provinces should prepare for the changes.
The deadline for registered charities (and eligible, similar entities) to submit property tax rebate applications for 2015 is the last day of February, 2016. Given the many variables that may be involved in an application, and the opportunities for early submission and therefore earlier cashflows, now is a good time to get started on rebate applications.