BDO Tax Publications Feed

This is a feed of the latest BDO Tax Publications.

  • Government extends and expands the Canada Emergency Wage Subsidy program

    Government extends and expands the Canada Emergency Wage Subsidy program

    Finance Minister Bill Morneau announced details with respect to both an extension and expansion of the Canada Emergency Wage Subsidy (CEWS) program on July 17, 2020. The CEWS program was...

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  • Four ways PE firms can improve cash flow without cutting spending

    Four ways PE firms can improve cash flow without cutting spending

    As we transition to the third quarter in a year unlike any experienced by this generation of Private Equity (PE) leaders, management of Canadian portfolio companies and PE sponsors are looking...

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  • Tax Alert - Federal Government fiscal update as of July 8, 2020

    Tax Alert - Federal Government fiscal update as of July 8, 2020

    Finance Minister Bill Morneau provided an economic and fiscal snapshot on July 8th to Parliament. This snapshot is the first official economic update provided by the federal government since...

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  • Tax Alert – Government Further Extends Tax Filing Deadlines

    Tax Alert – Government Further Extends Tax Filing Deadlines

    The Canada Revenue Agency (CRA) recognizes that COVID-19 has made it difficult for many taxpayers to meet the regular deadlines for filing income tax returns and related tax filings. In March...

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  • New Book On Taxation Of Private Corporations

    New Book On Taxation Of Private Corporations

    So much has changed for private corporations in the world of tax. Tax on split income (TOSI) and passive income are two popular topics. But Tax practitioners across the country are looking to...

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  • Securing COVID-19 stimulus incentives: Not a simple DIY project

    Securing COVID-19 stimulus incentives: Not a simple DIY project

    The federal and provincial governments have rushed into announcing a wide array of wage subsidies and financial incentives that could help your business weather the impacts of the COVID-19...

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  • Government Support Relief for COVID-19

    Government Support Relief for COVID-19

    While COVID-19 continues to impact the world, many businesses and people are looking for support to help them through the crisis. As the situation continues to change, it can be difficult to keep...

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  • The Canada Emergency Commercial Rent Assistance (CECRA) to bring rent relief to small business tenants

    The Canada Emergency Commercial Rent Assistance (CECRA) to bring rent relief to small business tenants

    On April 24, 2020, the federal government announced that rent relief through the Canada Emergency Commercial Rent Assistance (CECRA) is on the way for small businesses experiencing financial...

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  • Tax Alert - Using Prescribed Rate Loans To Lower Your Family’s Income Tax Bill

    Tax Alert - Using Prescribed Rate Loans To Lower Your Family’s Income Tax Bill

    Tax planning may not be top of mind while facing challenges from the COVID-19 pandemic. However, a relatively simple strategy can be particularly effective during tough economic times and can...

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  • Tax Alert - IRS Provides Additional Guidance on Postponement of U.S. Tax Filing and Payment Deadlines

    Tax Alert - IRS Provides Additional Guidance on Postponement of U.S. Tax Filing and Payment Deadlines

      The IRS released Notice 2020-23 on April 9, 2020 augmenting previously announced relief from filing and payment deadlines.  This notice provides much-needed clarity on some key matters...

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  • Tax Alert – Commercial landlords offering rent deferrals may face tax consequences

    Tax Alert – Commercial landlords offering rent deferrals may face tax consequences

    Commercial landlords are generally required to account for GST/HST and QST at the time rent is payable under a lease agreement including any additional rent such as property taxes, even...

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  • COVID-19–Wage Subsidy Programs

    COVID-19–Wage Subsidy Programs

    On April 8, 2020, Finance Minister Bill Morneau announced more details for the Canada Emergency Wage Subsidy (CEWS), which was first introduced on April 1, 2020. This is a 75% wage subsidy for...

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  • Tax Alert – Ontario Releases Action Plan For COVID-19 Response

    Tax Alert – Ontario Releases Action Plan For COVID-19 Response

    On March 25, 2020, Ontario’s Minister of Finance, Rod Phillips presented an economic and fiscal update outlining the province’s action plan in response to the COVID-19 pandemic. This update...

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  • Tax Alert - The Canada Emergency Response Benefit (CERB) In Response To COVID-19

    Tax Alert - The Canada Emergency Response Benefit (CERB) In Response To COVID-19

    On March 25, 2020, as part of its plan to address the needs of workers and self-employed individuals who have lost their source of income as a direct result of the COVID-19 pandemic, the...

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  • Tax Alert – New Trade Agreement To Replace NAFTA

    Tax Alert – New Trade Agreement To Replace NAFTA

    The Canada-United States-Mexico Agreement (CUSMA) passed through its final stages to become law with unprecedented speed. In just three hours on March 13, 2020, CUSMA was adopted by the...

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  • Tax Alert – COVID-19: U.S. stimulus package signed into law

    Tax Alert – COVID-19: U.S. stimulus package signed into law

    On March 27, 2020, U.S. President Donald Trump signed into law the Coronavirus Aid, Relief, and Economic Security (CARES) Act. It is the largest emergency aid package in American...

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  • Tax Alert - Manitoba introduces new tax measures

    Tax Alert - Manitoba introduces new tax measures

    Due to mounting financial pressures associated with COVID-19, Manitoba Premier Brian Pallister stated on March 26, 2020 that the the province will not be proceeding with the proposed cut to...

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  • Tax Alert - Cash Flow strategies and Government Incentives in the time of COVID-19

    Tax Alert - Cash Flow strategies and Government Incentives in the time of COVID-19

    There are actions you can take to help manage cash flow by maximizing your financial resources during the COVID-19 pandemic.

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  • U.S. Provides An Extension to Pay Individual and Corporate Taxes due to COVID-19

    U.S. Provides An Extension to Pay Individual and Corporate Taxes due to COVID-19

    On March 20, 2020, the U.S. Treasury Department and the Internal Revenue Service (IRS) issued Notice 2020-18 as part of the government’s response to COVID-19.

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  • Federal government fiscal stimulus package in response to COVID-19

    Federal government fiscal stimulus package in response to COVID-19

    Financial measures announced by the Government of Canada to help protect the economy and its labour force from the impact of the COVID-19 pandemic.

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