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    INSIGHTS, NEWS & EVENTS

    Our team is always up to something. Read our latest insights, news and updates here.

    Canada Emergency Business Account (CEBA)

    The application deadline for CEBA extended from August 31, 2020, to October 31, 2020. What You Need to Know: Canada Emergency Business Account (CEBA) CEBA is administered through your business’s primary operating bank. Most banking institutions will send out instructions on how to apply. *Update* On October 26th, the CRA announced the following: Canada Emergency … Continued

    Income Tax Filing and Payment Dates

    COVID-19: CRA INCOME TAX FILING AND PAYMENT DATES Tax Year Filing Deadline Payment Date Individuals 2019 tax year June 1, 2020 Sept 30, 2020* Self-Employed Individuals(Includes spouse) 2019 tax year June 15, 2020 Sept 30, 2020** Corporations Filing due date after March 18, 2020 and before June 1, 2020 June 1, 2020 Sept 30, 2020** … Continued

    Canada Emergency Wage Subsidy (CEWS)

    Actionable Information Canada Emergency Wage Subsidy (CEWS) On April 11, 2020, the government passed the Canada Emergency Wage Subsidy Bill as part of the COVID-19 Emergency Response Act, No. 2. What does the Canada Emergency Wage Subsidy (CEWS) mean for my business? The CEWS is a 75% subsidy available to non-publicly funded companies, charities, and … Continued

    Temporary Wage Subsidy

    Actionable Information: Temporary 10% Wage Subsidy I am a business owner or employer. How do I know if I am eligible? In order to be eligible, the employer must meet three criteria: employ one or more individuals in Canada (“eligible employees”); was registered, with a business number and a payroll remittance account, on March 18, … Continued

    WSIB: Financial Relief Package

    What does WSIB Financial Relief Package mean for my business? The financial relief package allows Ontario businesses to defer premium reporting and payments until August 31, 2020. Businesses who report and pay monthly, quarterly or annually based on their insurable earnings are eligible for this deferral. Each payer of WSIB premiums reports and pays on the previous full … Continued

    Employer Health Tax (EHT)

    What does the Employer Health Tax (EHT) relief measure mean for my business? On March 25, 2020, the Ontario government announced relief measures to help support Ontario businesses when they need it most. Note: This measure only applies to businesses that pay wages greater than $490,000 annually. What’s Included? Increasing the Employer Health Tax exemption … Continued

    Canada Emergency Response Benefit (CERB)

    Actionable Information What is the Canada Emergency Response Benefit (CERB)? If you have lost income because of COVID-19, the Canada Emergency Response Benefit (CERB) will provide you with temporary income support. The CERB will provide you with $500 a week for up to 24 weeks. The government started accepting applications on April 6, 2020. Who … Continued

    COVID-19: Updates for Individuals

    Actionable Information Canada Emergency Response Benefit (CERB) New Recovery Benefits

    COVID-19: Updates for Business Owners

    Actionable Information: Business Credit Availability Program (BCAP) Canada Emergency Wage Subsidy (CEWS) (75%) Canada Emergency Business Account (CEBA) Canada Emergency Commercial Rent Assistance (CECRA) 10% Temporary Wage Subsidy Employer Health Tax (EHT) WSIB Relief Package Tax Filing Deadlines Canada’s COVID-19 Economic Response Plan

    COVID-19: Updates and Support

    SB Partners is deemed an essential workplace and will continue to operate at full capacity to ensure client corporate and personal tax filing deadlines are met. We strongly encourage clients to make use of our client portal or email for delivery of any accounting records and T1 documentation that is required. Alternatively, clients can utilize … Continued