Final Details of the Canada Emergency Wage Subsidy (CEWS) for Qualifying Businesses
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July 25, 2020
CEWS has been updated to CEWS 2.0 effective for periods 5 and on. Stay tuned for the updated analysis that will be posted as a separate post.
Below is updated based on information available on April 21, 2020.
How it works:
- 75 percent of the first $58,700 normally earned by employees — representing a benefit of up to $847 per week will be covered. ($58,700 X 75% / 52 weeks = $847 per week)
Personal Tax Season Update
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All of us at Pivotal LLP hope you remain healthy and stay safe during these unusual times. Below is a summary for our existing personal tax clients as well as any new clients that need help filing 2019 taxes:
Tax Deadlines
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The Government of Canada recently announced several measures as part of the COVID-19 Economic Response Plan. One of those measures is to defer tax filing and payment deadlines for businesses and individuals.
Charitable Giving
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Giving is its own reward, but did you know that in Canada, the tax credit you receive for qualified donations may result in a refund of over half the contributed amount?
