Update to Clients:
Though NCCA remains open, we encourage all clients to contact us before visiting our office. NCCA has a number of technologies in place that can eliminate the need for clients to physically visit our office for communications, signing, payment and document transfer.
Where possible, we are asking clients to either courier us their physical documents, drop them off in the mailbox outside our door (during business hours), or upload them to our portal. Our online portal (https://ncca.cchifirm.ca/clientportal/) allows for secure electronic document transfer, please contact us if you have not already been setup with an account. If you do not remember your password, simply visit our portal sign in and click ‘Forgot your password?’ (your username is your email address you use for communications with NCCA).
Where permitted by CRA, we can send you documents to approve and digitally sign. Documents that do not allow for digital signatures can still be sent electronically for you to print, sign and then scan back to us. CRA has announced they are temporarily accepting T183’s that have been electronically signed. A signed T183’s is required for us to be able to EFILE your 2019 Personal Income Tax return with CRA.
Payments can be made via an Interact e-Transfer, mail, or by calling our office with credit card information.
We this listing of the various government programs that have been announced by the federal government over the last few months. The attributes of the various programs have changed and will continue to change in the future. It should be pointed out that some of the programs have not passed into law as of this date. We have provided the summary of these programs based on the knowledge we have, and will continue to update these pages as more information becomes available.
Your Team at NCCA LLP
Premier Jason Kenney announced financial support for small businesses struggling to reopen amidst COVID-19.
Businesses with less than 500 employees will see some monetary relief from the provincial government through a one-time relaunch payment.
You will have to have been laid-off after March 15, 2020. Your previous employer will have to have issued you a separation slip. The benefit of this program is that your waiting period will be reduced from the normal two week period to being eligible immediately
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 (the same as $500 a week) for up to 16 weeks.
During a three-month period, eligible employers can access the subsidy by reducing the payroll deductions they remit to the Canada Revenue Agency.
This program consists of an interest free loan up to $40,000.00 to help small business cover their Operation costs.
This subsidy-Grant– would be available to eligible employers that see a drop of at least 30% of their revenue and that pay wages to employees. This grant as of now does not apply to dividends paid by corporations.
Assistance to help small businesses pay their rent for April through June.
Students and recent graduates who have seen their education and job prospects hampered by the ongoing COVID-19 pandemic will soon be able to claim a new Canada Emergency Student Benefit
Businesses unable to access existing relief measures can shortly apply for funding under Western Economic Diversification Canada’s Regional Relief and Recovery Fund (RRRF).
The objective of this program is to assist western Canadian SMEs that do not qualify for the Canadian Emergency Business Account (CEBA) program or the RRRF – Community Futures Stream. Business can apply for funding up to $40k through the Regional Relief and Recovery Fund (there is another program for over $40k in funding). This program has the same $10k forgiveness as CEBA.
Extensions on both payment and filing deadlines for corporate income tax due after March 18, 2020.
Extensions on both payment and filing deadlines for 2019 personal income taxes.
Thought the deadline for businesses to file their returns is unchanged, CRA won’t impose penalties where a return is filed late provided that it is filed by June 30th.
Employers must continue remitting payroll deductions by their remittance due date.