Category: COVID-19

New Loss Carry Back Rules

On April 15 the government announced new loss carry-back rules designed to ease the tax burdens on businesses who end up with losses as a result of the COVID-19 crisis.  Normally losses must be carried forward (with some limitations) to future years to be offset...
Canada Emergency Wage Subsidy

Canada Emergency Wage Subsidy

The Canadian Federal government has announced a 75% wage subsidy designed to help businesses retain (and even rehire) staff during the lockdown.   The video was recorded on 10 April. Here’s what’s changed since then (updated 15 May): Payroll account...
Canada Emergency Business Account

Canada Emergency Business Account

The Canadian Federal government has announced a loan program to help small businesses with the possibility of FREE MONEY to those who qualify. Updates since the video: 16 April: Government announced that the T4SUM payroll remuneration criteria will be expanded to...
Canada Emergency Response Benefit

Canada Emergency Response Benefit

The Canadian Federal government has announced a benefit program for those who are out of employment due to the COVID-19 lockdown. Updates since the video was recorded: The Prime Minister announced 15 April that workers earning less that $1,000 a month can still apply...
Temporary Wage Subsidy

Temporary Wage Subsidy

The Canadian Federal government has announced a temporary wage subsidy to help employers keep payroll alive the COVID-19 crisis.  Please note that there are 2 subsidies – the Temporary Wage Subsidy (10% – documented below) and the Emergency Wage Subsidy...

NZ Wage Subsidy

The New Zealand government has announced a wage subsidy for employers who continue to employ staff during to the COVID-19 lockdown. Here’s what’s new since the video was recorded: (15 May) In the budget the government announced an extension to the Wage...
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