SVS Group LLP

[Greg Bendall @gbendall]

Hey @GrantHunterUCP @jkenney were you stockpiling all the red tape for this #ABcriticalworkerbenefit ? This thing is double-wrapped!
Insane that employers need to:
1. determine eligibility (subject to audit)
2. obtain MyAlbertaID to apply
3. Apply on behalf of employees &

[SVS Group LLP @SVSGroupLLP]

The @YourAlberta Critical Worker Benefit guide and portal have now been released. Key highlight: $1,200 payment is made to employer who must distribute through payroll, deduct CPP, EI and income tax, and include on employee T4 #AbLeg https://t.co/RfIB4UHMS8

[SVS Group LLP @SVSGroupLLP]

We urge @YourAlberta to rethink the rollout to get funds into the hands of valued critical workers fast & without slamming struggling AB businesses with another massive compliance burden. #ableg #COVID19AB #redtapereduction @CBCEdmonton @CPA_AB

[SVS Group LLP @SVSGroupLLP]

@YourAlberta @jkenney @JasonCoppingAB we’ve received a number of calls today from private employers regarding the #ABcriticalworkerbenefit as employees are already asking about the $1,200 benefit. In the absence of detailed rules & reg’s we spoke with a GOA agent & were advised:

[SVS Group LLP @SVSGroupLLP]

4. No requirement forcing employers to submit application on behalf of employees;
5. Expect 2 week processing time after submission; and,
6. Tight timeline for submission: Feb 17 to Mar 19.

If the above is correct, this appears to be a massive undertaking forAB private employers

[SVS Group LLP @SVSGroupLLP]

Hey @CanRevAgency an email went out from Business Returns Programs on December 11 indicating that your electronic filing systems will be shutdown from Dec 23 to Jan 11. How are mandatory electronic filers supposed to file T2’s due by Dec 31?

[Power & Politics @PnPCBC]

New details on 75% wage subsidy:

- For employers with 30% or more decline in revenue compared to same month last year
- Must reapply each month
- Must attest you're doing what you can to pay the other 25% of wage
- Online portal launches soon
- Funds available in approx 6 weeks

[CanTaxFoundation @CdnTaxFdn]

Applications for the Canada Emergency Response Benefit (CERB) open on April 6, 2020.

[CanTaxFoundation @CdnTaxFdn]

Treasury Board President Duclos: To ease the influx of CERB claims starting next week, persons should apply based on their month of birth:
Apr 6: Jan-Mar
Apr 7: Apr-Jun
Apr 8: Jul-Sept
Apr 9: Oct-Dec birthdays
The date you apply will have no impact on who gets paid first.

[Dan Kelly @CFIB]

Hearing from lots of business owners desperate for details of the wage subsidy.

[Canada Revenue Agency @CanRevAgency]

We understand that this is a difficult time for Canadians and that those who are unable to work as a result of #COVID19 have access to the financial support they need. #CdnTax (1/6)

[Canada Revenue Agency @CanRevAgency]

Trusts – for tax year ending December 31, 2019, the filing date is now May 1, 2020. (7/8)

[Canada Revenue Agency @CanRevAgency]

Businesses will be allowed to defer, until after August 31, 2020, the payment of any income tax amounts that become owing on or after today and before September 2020. (5/8)

[Canada Revenue Agency @CanRevAgency]

We encourage you to file your income tax and benefit return electronically and as soon as possible to make sure your benefit and credit payments are not interrupted or delayed. (3/8)

[Canada Revenue Agency @CanRevAgency]

This means all 2019 balances paid before September 2020 will not incur any penalties and interest. (2/8)

[Canada Revenue Agency @CanRevAgency]

The deadline to file your income tax and benefit return has been extended from April 30th to June 1st, 2020. The deadline to pay any 2019 balance has been extended to August 31st, 2020. #COVID19 #CdnTax (1/8)

[SVS Group LLP @SVSGroupLLP]

Important announcement regarding tax filing deadlines and payment due dates. #yeg #COVIDalberta #smallbusiness
Canada’s COVID-19 Economic Response Plan - https://t.co/fpz8AXtkJW https://t.co/Np53HXqmIX

[Greg Bendall @gbendall]

Jack Mintz: Morneau’s tax changes won’t just hurt the ‘rich,’ but they will hurt growth | Financial Post https://t.co/FdSsZmRBdY

[Joseph Devaney @videotax]

Open Letter to Parliament – Bill C-29 impact Small Businesses. Please share if interested. Not much time left.
https://t.co/WFd1zcn1Cs

[SVS Group LLP @SVSGroupLLP]

Government of Canada offers tax relief to Canadians affected by wildfires in north-east Alberta - Canada News Centre https://t.co/Vy9KSIx7Na