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With shutdowns announced in the GTA this may only get worse for small business owners. Let’s do what we can to advocate and ensure our small businesses survive.
Are you a business owner who has employees and your business is affected by the COVID-19 crisis? Are you wondering how to complete to your employee’s ROE’s properly based on your scenario? Here is what the Record of Employment telephone support has to say about how to issue an ROE during the Covid-19 crisis: If your employees are directly affected by the Corona Virus and they are no longer working you need to issue a Record of Employment.... When the employee is not working because they are sick or quarantined with the corona virus, use Code D Illness or Injury If the employee is not working due to shortage of work or company shutdown related to the corona virus, use Code A Shortage of Work If the employee is not sick or has personally made the decision to quarantine or is not working due to other corona virus related reasons, Code N Leave of Absence Avoid putting comments on the ROEs whenever possible.
Great information on Canada's COVID-19 Economic Response Plan. If you are anyone else you know is facing hardship as a result of the COVID outbreak, this is what you need to know to get some financial relief. https://www.canada.ca//canadas-covid-19-economic-response-
Government extends tax deadline and payment due date for personal and corporate taxes amidst COVID-19 outbreak. https://nationalpost.com//government-extends-tax-deadline-
New Scam Alert take a few minutes and read this post, it could save you or someone thousands $$. There is a new CRA scam on the rise. It is a fake CRA demand letter saying that if you do not pay, they will put a lien on your house. The letter looks very legitimate and even contains the last 3 digits of your SIN. They include a slip to pay your supposed balance owing at the bank. That payment slip contains coding/routing on the bottom which directs your money to a non-CRA ...bank account. There could also be mention of an option to pay online. If anyone receives this letter call CRA immediately or have your accountant check your CRA balances through represent a client. Please share!!
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