Kayser Tax Services
310 McFarlane Street K9H1K4 Peterborough, ON, Canada
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General Information
Locality: Peterborough, Ontario
Phone: +1 705-755-0100
Address: 310 McFarlane Street K9H1K4 Peterborough, ON, Canada
Website: kaysertax.ca
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Temporary wage subsidy for employers The Government announced a temporary wage subsidy for employers for a period of 3 months. Eligible employers (individuals - excluding trusts, certain partnerships, non-profit organization, registered charity, or Canadian-controlled private corporation eligible for the small business deduction) who pay salary, wages, or taxable benefits to employees, between March 18, 2020 and June 19, 2020, can reduce payroll remittances of federal, provincial, or territorial income tax by the amount of the subsidy. This measure is only applicable to remittances made to the CRA.
New benefits or support Canada Emergency Response Benefit To support workers and help businesses keep their employees, the government has proposed legislation to establish the Canada Emergency Response Benefit (CERB). This benefit would provide $2,000 a month for up to four months for workers who lose their income as a result of the COVID-19 pandemic. The CERB would be a simpler and more accessible combination of the previously announced Emergency Care Benefit and Emergency S...upport Benefit. The CERB would cover Canadians who have lost their job, are sick, quarantined, or taking care of someone who is sick with COVID-19, as well as working parents who must stay home without pay to care for children who are sick or at home because of school and daycare closures. The CERB would apply to wage earners, as well as contract workers and self-employed individuals who would not otherwise be eligible for Employment Insurance (EI).
File early if possible File your income tax and benefit return electronically before June 1, 2020 to make sure your benefits and credits are not interrupted. Register for direct deposit on CRA's My Account for the quickest and most reliable way to get benefit and credit payments.... Allow up to 5 business days after the scheduled payment date to receive your benefit or credit payment before calling us.
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