The same applies to instalment payments due during the same period. September 1, 2020 Site credits, © 2021 Quebec CPA Order. These programs are available to Canadian businesses in all sectors that were otherwise financially viable and revenue generating prior to the COVID-19 outbreak. The funding will be used to provide rental and utility assistance to qualifying households. Learn about the partnerships we create with developers of products related to our fields of activity, SRM installers and QESI promoters, trustees and mandataries. Given the situation related to the COVID-19 pandemic, the Accounting Standards Board (AcSB) is deferring by one year, to January 1, 2021, the effective date of the amendments to the Accounting Standards for Private Enterprises (ASPE) that were supposed to apply for years beginning on or after January 1, 2020. Have a look at the range of economic support measures and learn about the deadline extensions announced by the governments of Quebec and Canada and public sector bodies. By Canada Economic Development for Quebec Regions. COVID-19 relief for Canadians The following information has been compiled to help support you during the COVID-19 pandemic. To see the measures that have been put in place, please go to the AMF’s website. The filing deadlines remain unchanged. However, taxpayers who have difficulty making their payments may contact Revenu Québec (and the CRA, if applicable) to conclude a payment agreement or to request the cancellation of penalties and interest relating to late payment of taxes. Below is a roundup. Housing cooperatives under agreement with the CMHC, Deadline for filing the annual information return (AIR) and financial statements of private sector, municipal and university pension plans. The Temporary Wage Subsidy for Employers is a measure that will allow eligible employers to reduce the amount of payroll deductions required to be remitted to the Canada Revenue Agency. The government published proposed to temporarily adjust the treatment of certain deductions with respect to regular Employment Insurance (EI) benefits, including EI special benefits, in order to align with how those deductions are treated for the Canada Emergency Response Benefit (CERB) and other federal COVID-19 emergency income benefits. FAQ on the eligibility of certain workers (in French only), The CESB closed to applications on September 30, 2020, Incentive Program to Retain Essential Workers (IPREW), The program covered the period from March 15 to July 4, 2020 and was not extended. The government proposes to introduce this new grant to help students and recent graduates who are ineligible for the Canada Emergency Response Benefit. Monthly filers have to remit amounts collected for the February, March and April 2020 reporting periods; Quarterly filers have to remit amounts collected for the January 1, 2020 through March 31, 2020 reporting period; and. All rights reserved, Ministère de l’Éducation et de l’Enseignement supérieur, **Canada Revenue Agency and Revenu Québec**, Canada Mortgage and Housing Corporation (CMHC), Economic development of Canada for Quebec regions / Government of Canada, Ministère des Affaires municipales et de l'Habitation, Ministère de la Santé et des Services sociaux, Ministère de l'Économie et de l'Innovation, Follow developments in the situation and its impact on the profession >, September 30, 2020 for instalments due during the period starting on March 18, 2020 and ending on September 29, 2020, September 30, 2020 for instalments due during the period starting on March 17, 2020 and ending on September 29, 2020, December 31, 2020 for charities with an information return due between March 17, 2020 and December 30, 2020, Other information returns, elections, designations and information requests, Due to the impact of COVID-19, an FAQ (in French only) has been posted on the Ministère de la Famille’s website at, Childcare centres and subsidized daycare centres. Regional Relief and Recovery Fund (RRRF), Canadian Seafood Stabilization Fund, Northern Business Relief Fund ... Canada Economic Development for Quebec Regions (CED) The purpose of this benefit is to ensure full-time workers in any of the essential services sector receive a salary that is greater than what they would receive under the Canada Emergency Response Benefit, among others. Our vision and values guide us as we carry out our role. The IQ PACTE program is one of the ways that TD is supporting businesses in Quebec affected by COVID-19. COVID-19 Economic Response Plan. It is no longer possible to apply. Support Payments. The Shelter Allowance Program continues to apply during the COVID-19 pandemic and provides a monthly allowance of up to $80 for low-income individuals who spend a bulk of their budget on rent. Rent relief is available for those impacted by the COVID-19 crisis. Filing of tax returns for the 2019 taxation year (including individuals who passed away before December 1, 2019), Filing of tax returns for the 2019 taxation year for individuals (or their spouse) who operate a business or are responsible for a family-type resource or an intermediate resource, Payment of income tax for the 2019 taxation year for all individuals, Payment of QPP and HSF contributions and QPIP and RAMQ premiums for the 2019 taxation year, Payment of tax instalment due on June 15 or September 15, 2020, Filing of tax returns for trusts with a December 31 taxation year-end, Filing of tax returns for trusts whose taxation year ends on a date other than December 31, 2019, Payment of tax instalment due no later than June 15 or September 15, 2020 (for trusts other than SIFT trusts), Payment of tax instalments for SIFT trusts, Within 2 months of the taxation year-end (or within 3 months for corporations eligible for federal CCPC status), Filing of information return whose deadline falls on March 31, 2020, Filing of information return with a deadline other than March 31, 2020, Filing of information returns, elections, designations and information requests, Filing date for the 2019 NR4 information return, March 31, 2020 or within 90 days of the trust’s or estate’s taxation year-end, The 15th of each month following an amount paid or credited by residents of Canada to non-resident persons, Within 90 days after the date of the notice of assessment, June 30 for any notice of objection due March 18, 2020 or later, June 30 for any notice of objection due in the period between March 13, 2020 and June 29, 2020, Deadline for presenting the financial statements to the general meeting. Gavin Newsom signed in late February. This tolerance will be proportionate to the duration of the exceptional measures and will be adapted to the filing dates prescribed by the laws applicable to each type of organization. Administration and holding of property and sums of money belonging to third parties, Professionals trained in Canada or abroad, Fee schedule and administrative procedures, E-learning activities during the COVID-19 crisis, Opening, sale, spin-off or merger of a firm, Practice within a partnership or a joint-stock company, Cessation of practice and closing of a firm, General professional inspection supervision program, Action plan, evaluation form, guidelines and questionnaires, Administration and holding of property and sums of money for third parties, Guide to the CPA profession in the digital age, VIP Gourmet Dinner at the Château Frontenac, Journee VIP avec les Alouettes de Montreal, Organizing a benefit event for future CPAs, Portraits of committed CPAs and future CPAs, Read the AcSB Decision Summary of April 15, 2020, Assistance for Businesses in Regions Under Maximum Alert (ABRUMA), Additional support for businesses that have been subject to a closure order, New stream: Assistance for Businesses in Regions Under Maximum Alert (ABRUMA), Ministère de l’Économie et de l’Innovation, Increase in the number of weeks for recovery benefits, Increase of the maximal payment for 2020-2021, FAQ on the eligibility of certain workers, Overview of measures for businesses and individuals, Report on agreed-upon procedures performed on school enrolment for the school boards and private educational institutions for the 2020-2021 school year. Changes are made to the tax legislation to take into account the reality of distance learning. This page is updated daily. The government had extended the deadline to apply for renewal of advance payments of the tax credit for home-support services for seniors. Learn about income tax returns, consumption taxes, and the programs and credits for individuals, self-employed persons and members of a partnership. To support Canadian businesses in the current extraordinary circumstances, the Minister of National Revenue will extend until June 30, 2020 the time that: Quebec is following the federal government’s lead and allowing businesses to postpone filing until June 30, 2020 their returns and payments in respect of the March 31, April 30 and May 31 QST remittances, without interest or penalties. As a temporary administrative measure, the CRA has determined that electronic signatures will meet signature requirements. Those amendments mainly affect the following sections and subjects: The AcSB is also deferring by one year, to January 1, 2022, the effective date of the new Section 3041, Agriculture, and of the amendments to Section 3400, Revenue, that were supposed to apply for years beginning on or after January 1, 2021. The Government of Quebec has announced a deferral of the renewal of the Shelter Allowance Program to December 1, 2020. Simplify the rules and ease the regulatory burden for businesses that apply for government support. July 13, 2021. Submitting the documents listed in the attachment below does not guarantee an appeal will be successful. The Canada Emergency Business Account (CEBA) provides interest-free, partially forgivable, loans of up to $60,000, to small businesses and not-for-profits, that have experienced diminished revenues due to COVID-19 but face ongoing non-deferrable costs, such as rent, utilities, insurance, taxes and wages. We will update this as things change or new measures are added. Markets. Use our online services and download our forms, publications and guides. Working capital for small business owners: Small business owners affected by the COVID-19 pandemic can apply for working capital loans up to $100,000 through the NB Small Business Emergency Working Capital Program. To ensure program beneficiaries do not have to do anything in the short- and medium-term to continue receiving the allowance, the deadline to apply for renewal of the allowance has been extended. The Coronavirus Aid, Relief, and Economic Security Act, also known as the CARES Act, is a $2.2 trillion economic stimulus bill passed by the 116th U.S. Congress and signed into law by President Donald Trump on March 27, 2020, in response to the economic fallout of the COVID-19 pandemic in the United States. This will save families from having to repay overpayments at a later date. I cover breaking news. Provincial: La Financière agricole du Québec Concerted Temporary Action Program for Businesses (PACTE)**. These relief programs can help. Prince Edward Island: COVID 19 relief measures for your business We know that this is a difficult time, full of uncertainty. A taxable benefit has been put in place for individuals who stopped working because of COVID-19 and who do not have access to another form of income support. On October 2 nd, the Quebec government announced that it will be providing an additional $50 million to Quebec theatres and cultural venues to compensate for losses caused by the latest COVID-19 shutdown.Premier Legault said the government will give the cultural promoters 75 per cent of the revenue from tickets the venues … Revenu Québec is proposing three options for families who receive advance payments of the tax credit for childcare expenses for daycares that have closed. Last week The Journal announced that AIM, in partnership with the Anderson County government, has launched a COVID-Relief Fund program. Have you filed an application on behalf of a client before April 27 or 28? This subsidy provides simple and easy-to-access support until June 2021 for qualifying organizations affected by COVID-19. This program is for small businesses experiencing financial hardship due to COVID-19. The Autorité des marchés financiers (AMF) has implemented deferral and other measures to minimize the pandemic’s impact on its client groups. Coronavirus Funding and Awards Data. Ford also sought to target some specific relief outside of Ottawa and the Greater Toronto Area, with a 10 per cent refundable income tax credit for business spending elsewhere in the province. Since March 2020, homeowners have had certain protections under the CARES Act. Working capital above $100,000: For larger businesses, Opportunities New Brunswick is making working capital loans available from $100,000 to $1 million. The  government is temporarily extending GIS and Allowance payments for seniors whose 2019 income information has not been assessed. To help businesses whose cash flow is affected by the impact of COVID-19, the government has implemented the Emergency Assistance for Small and Medium-Sized Businesses (COVID-19) and the Concerted Temporary Action Program for Businesses. Given the current COVID-19 situation, in most cases, the CMHC will not suspend grants for accounts in the event of an agreement violation. Last updated: May 13, 2020 at 8:33 pm EST. Annual filers, whose GST/HST return or instalment are due in March, April or May 2020, have to remit amounts collected and owing for their previous fiscal year and instalments of GST/HST in respect of the filer’s current fiscal year. This rule applies to T183 and T183CORP authorization forms. The deadline for payments of the net tax related to GST/HST and QST returns has been postponed to June 30, 2020 for all returns due in the period between March 27, 2020 and June 1, 2020, inclusively. Follow developments in the situation and its impact on the profession >. Updated Nov … In order to take into account the difficulties to meet certain sectoral parameters as a result of the measures put in place to mitigate the effects of the COVID-19 pandemic, temporary discretionary power will be granted to departments and agencies in assessing the sectoral parameters of the measures for which they are responsible. Various measures are being put in place by municipalities across Quebec. Consult your financial institutions to find out what measures apply to you. Note that the CERB replaces the Emergency Care Benefit and the Emergency Support Benefit announced on March 18, 2020. Due to the COVID-19 pandemic, all of our services will be provided remotely until further notice. A taxable benefit has been introduced for workers who are unable to work because they are sick or need to self-isolate due to COVID 19. Programs and services to support innovation and economic growth in southern Ontario. **Increase in the number of weeks for recovery benefits**, Government of Quebec (Section Employment expenses related to teleworking), Responses from CRA relating to home office expenses. The governments of Canada and Quebec have confirmed that there will be no deferral of GST / HST and QST payments beyond June 30, 2020. The government has announced wage supports to help universities and and health research institutes maintain essential research-related activities during the crisis. June 1, 2020 for trusts that would otherwise have a filing due date on March 31, or April or May 2020, September 1, 2020 for trusts that would otherwise have a filing due date in June, July or August 2020, June 1, 2020 for trusts that would have a filing due date betwen March 31 and May 31, 2020, September 1, 2020 for trusts that would have a filing due date between June 1 and August 31, 2020, September 30, 2020 for the payment of any income tax amounts that become owing in the period starting on March 18, 2020 and ending on September 29, 2020. Report on agreed-upon procedures performed on school enrolment for the school boards and private educational institutions for the 2019-2020 school year. For more information on the continuous disclosure requirements of reporting issuers and issues to consider during the crisis, see the backgrounder  (in French only) prepared by the AMF. La Financière agricole du Québec has postponed the penalty date for late filing of financial information to November 1, 2020. Quebec government's PACME-COVID-19 program: budget exhausted. Farmers can benefit from several plans, provided they can document losses and, in some cases, pay back some part of subsidies. The bipartisan Relief Act of 2021 was signed into law on February 15, 2021, and includes more than $1 billion in tax relief and economic stimulus for struggling families and small businesses who are suffering as a result of the COVID-19 pandemic. Coronavirus Disease (COVID-19) Revenu Québec has introduced relief measures to make life easier for individuals and businesses affected by the exceptional situation caused by COVID-19. Requirements to pay (GST debts) are still suspended until further notice. In response to the COVID-19 outbreak, the Quebec government and its partners have announced a number of emergency measures to support Quebecers affected by the pandemic. These programs span federal, provincial, and municipal governments, and many are being offered in … Filing of Community Futures Development Corporation (CFDC) and Local Development Centre (LCD) audited annual financial statements. ... Action taken by RDAs to support business during the COVID-19 pandemic. Note that at this time, the AGM can be held using any means of technology. The Emergency Assistance Program for SMBs aims to provide limited-time support for eligible businesses that are experiencing financial difficulty as a result of COVID-19 and that require immediate working capital. Sport has the power to unite communities and the nation. Emergency assistance government proposes to introduce this new Emergency funding measure provides support businesses... A reminder letter will be required by the ministry on the CPA Canada website ( in French only ) technology. 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