+1 807 623 0600

Valued Clients

March 19, 2020

During the current COVID-19 crisis, our goal is to continue to provide all professional services without interruption. However, for the health and safety of our team and our community we will be closing our doors to outside traffic immediately. At this time, we anticipate the closing to last until April 6, 2020 but will re-evaluate pending further developments. For now, all client communications and meetings will take place via phone or other electronic means.

To facilitate the continued processing of your information, our outer door will remain open during our usual daytime hours; however, the second door will be locked. There will be a large drop-off box located in the vestibule where you can drop off your personal tax or corporate information. Although filing deadlines have been extended, our team is continuing to work and complete returns as we can. Since no one will be able attend the office to sign the appropriate forms for filing, we are working on options to allow your returns to be filed including obtaining signatures electronically. We will keep you informed on these options as your returns are completed. For those of you who are aware that your returns are complete and still at our office please call us at 807 623 0600 so arrangements can be made if necessary.

For our corporate clients, the government’s announcement yesterday includes support for business that can be realized immediately. Please contact us if you have any questions.

Our thoughts are with everyone who has been impacted by COVID-19. If you have any questions, please do not hesitate to ask.

April 3, 2020

There have been many updates and programs initiated by the government due to the COVID-19 virus. The amount of information and updates within the country is staggering and complex.

In order to try to assist and guide you through the various items, we have provided links and documents to try to assist your understanding of these programs. We will be trying to ensure that these links are up-to-date as much as possible. And of course, we are happy to discuss these issues directly with you via phone or email.

Please stay safe!

April 6, 2020

Applications for the Canada Emergency Response Benefit (CERB) started today. The CERB supports Canadians by providing financial support to employed and self-employed Canadians who are directly affected by COVID-19.

It provides a payment of $2,000 for a 4-week period for up to 16 weeks. The following criteria must be met to be able to make a claim.

  • You reside in Canada,
  • You are 15 years old or more when you apply,
  • You have stopped or will stop working due to reasons related to COVID-19,
  • For at least 14 days in a row for the period you are applying for, you will not receive:
    • employment income,
    • self-employment income, or
    • provincial or federal benefits related to maternity or paternity leave.
  • You have not quit your job voluntarily,
  • You did not apply for, nor receive, CERB or EI benefits from Service Canada for the same eligibility period,
  • You earned a minimum of $5,000 income in the last 12 months or in 2019 from one or more of the following sources:
    • employment income,
    • self-employment income,
    • provincial or federal benefits related to maternity or paternity leave.

To be eligible, applicants must have been working and lost all employment or self employment income. There may be people that are unable to work because of COVID-19, that do not meet the criteria above. The government recognizes this but has not suggested there will be changes.

Prime Minister Trudeau announced today that there will be changes to this program for those working less that 10 hours per week and for Post Secondary summer students unable to work. Details on these changes will follow in the coming days.

Follow these links for further details:
https://www.canada.ca/en/revenue-agency/services/benefits/apply-for-cerb-with-cra.html
https://www.canada.ca/en/services/benefits/ei/cerb-application/questions.html

Additionally, our office is now closed until at least April 19th.

Resources

CPA COVID Updates
City of Thunder Bay: (COVID-19 Community Updates)
Government of Ontario (Ontario's Action Plan)
Canada Revenue Agency (Economic Response Plan)
COVID-19 Emergency Wage Subsidy
Emergency Business Account and New Loan Programs for Small Business
My Business Account Registration Instructions
Canada Emergency Wage Subsidy Calculator

Canadian Payroll Association Summary

The following update is being used with permission from the Canadian Payroll Association. Their website is www.payroll.ca.
Payroll Association Summary