Posts by wilkinson

Payment deadlines As a result of the COVID-19 pandemic, the majority of payments due to the government on or after March 18, 2020 have been deferred until September 1, 2020.  In addition, for individuals and trusts late filing penalties and interest have been put on hold, and will not be charged provided returns are filed and…

While the announcements of new financial relief programs and tax filing extensions have not been happening daily as they were when COVID-19 started, they have still been coming. This communication is intended to provide an update on several measures that have recently been extended or altered in some way.   Specifically, we will let you know…

The application process for the Canadian Emergency Commercial Rent Assistance (“CECRA”) program is now open.  Landlords must agree to reduce the rent to at least 75% of the monthly payment. In summary: The tenant will pay up to 25% of the rent The CECRA will provide up to 50% of the rent The landlord will…

The purpose of this correspondence is to update you on the latest changes that have been made in relation to the Canada Emergency Business Account (CEBA).  In March, the federal government announced the creation of the CEBA to support businesses impacted COVID-19. You can view our previous CEBA release here. The original legislation had requirements that may…

The Partner’s and our great staff would like to wish our founder Wilf Wilkinson a very Happy 90th Birthday today. Wilf Wilkinson is a Past Rotary International President and the Rotary has a wonderful article highlighting his accomplishments. Take a look at this article from the Rotary: https://www.rotary7070.org/Stories/happy-90th-birthday-to-past-rotary-international-president-wilf-wilkinson-of-trenton-ontario-canada

Last week the federal government announced it will be partnering with the Canada Mortgage and Housing Corporation (CMHC) and the provincial governments to implement the Canada Emergency Commercial Rent Assistance (CECRA) program to provide relief to landlords and eligible small business in respect of commercial rent for the months of April, May and June, 2020.  While…

We are contacting you today to provide yet another update on the 75% enhanced Canada Emergency Wage Subsidy (CEWS). Given the number of updates to the measure over the last several weeks, this update will first provide the newest information and then provide a detailed consolidated summary of the program.  RECENT DEVELOPMENTS Over the weekend,…

We are sending this communication to update you on the application process for the Canada Emergency Wage Subsidy (CEWS).  The application will be made available on Monday, April 27, 2020 at 6:00 a.m. You will be able to apply using your CRA My Business Account or a separate online application form that will be available.…

The Government of Canada recently announced the launch of the Canada Emergency Business Account (CEBA). The CEBA will be implemented through eligible financial institutions which we expect will include most commercial banks in Canada. Some banks have already started releasing details on the application process so please contact your financial institution for more details on…

On April 21, 2020, Wilkinson & Company hosted a webinar discussing a number of implications related to the Economic Response measures to COVID-19 that have recently been implemented by the government of Canada. The webinar can be viewed at the following link: https://zoom.us/rec/share/yZQvKLrq-mVJRJ336H7RBJAoIY7VT6a803UZ-_dYmEywaodIz7yIQazOFvGVXap8 Password: 9o$26H8Q The amount of information on the economic response programs recently…