As most of the Canadian workforce has now moved to remote work in response to the COVID-19 pandemic, we are increasingly being targeted by fraudsters. This article outlines some of the most common scams we have seen during the current pandemic and suggests steps you can implement to keep your hard-earned dollars safe during these […]
Read MoreAs reported on CBC.ca: “The federal government’s latest projection of how much it will spend on direct support for Canadians to get through the COVID-19 crisis have risen to more than $152.7 billion as of May 28 … Ottawa estimates that overall total — including measures to protect Canadians health and safety and to provide business and tax liquidity support as well […]
Read MoreOver the weekend the Federal government approved an updated version of the Canada Emergency Wage Subsidy Program (“CEWS”). The Government’s intent with this program is to help employers keep and/or return workers to their payroll throughout the COVID-19 pandemic. This is an update to our previous announcements on the program as there has been a […]
Read MoreThe COVID-19 pandemic represents a serious health threat to individuals, and a significant disruption to daily life and the Canadian economy. Some sectors, such as the energy, travel and hospitality, and service industries, are being particularly hard hit. However, it’s important to underscore that while the impact is large, it is expected to be transitory. […]
Read MoreToday Finance Minister Bill Morneau provided some additional details related to the Canada Emergency Wage Subsidy program previously announced by the Government of Canada. These details include: The wage subsidy will be available to all non-publicly funded companies, charities, and not for profits – however only employers who suffer a drop in gross revenues of […]
Read MoreRecent Updates During todays COVID-19 update the Prime Minister provided an announcement on new measures for businesses. These include: The Temporary Wage Subsidy has been increased to 75% from 10% for eligible businesses (details to come from the Federal Government); Up to $40,000 in government guaranteed interest-free loans from the banks will be offered, with […]
Read MoreToday the Minister of Finance for Canada has announced changes to certain deadlines for filing tax returns and paying taxes: For individuals, the return filing due date will be deferred until June 1, 2020; For trusts having a taxation year ending on December 31, 2019, the return filing due date will be deferred until May […]
Read MoreTo our clients and community, At Mowbrey Gil, the health and safety of our team, clients, and community are always a top priority. Amid the growing concerns around COVID-19, we want to assure you that Mowbrey Gil is closely monitoring the situation and taking additional steps for extra caution. As the situation evolves, we ensure […]
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