Happy New Year!
As we start into 2021 we are all hoping that 2020 is behind us and things will get better over the next few months.
COVID -19
Canada EmergencyWage Subsidy [CEWS]
application deadline
January 31 deadline approaching for CEWS claim periods 1 to 5
We want to ensure you are aware of the upcoming application deadline for the CEWS claim periods 1 to 5 on January 31, 2021.
This includes consecutive claim qualifying periods as follows:
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Period 1:
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March 15 – April 11, 2020
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Period 2:
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April 12 – May 9, 2020
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Period 3:
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May 10 – June 6, 2020
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Period 4:
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June 7 – July 4, 2020
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Period 5:
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July 5 – August 1, 2020
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After January 31, 2021, businesses will no longer be able to apply for the CEWS for the above noted claim periods. With the deadline fast approaching, you will want to make sure you have submitted your claim for those periods in which you qualify.
I understand that many business owners don’t realize there are multiple options for calculating revenue declines which can impact the amount of claim you receive. The rules are complex, and it is easy to overlook your best filing option. We also understand that this claim process can be complex and time consuming to complete.
If you have not yet submitted a CEWS claim during these periods and think you would qualify, I can help to prepare your claim. If you would like our assistance please reach out to us. I can also review past claims to make certain that your calculations have been completed in the most efficient way possible. As these claims can take time to compile, I recommend contacting us as quickly as possible to ensure we can meet the January 31 filling deadline
2021 1st Quarter Tax Tips & Traps
If the attached document raises any flags or questions, please call or come in and see me so we can review your particular situation.
Referrals are my primary mode of growth. If you're pleased with the service level you receive, please pass on my name. If displeased, please let me know.
If there is anything we can do for you, please give us a call.
R Brenton Driscoll, CPA, CA
403-938-2666 or Brent@rbdriscoll.ca
Monday - Friday 8:30 am - 4:30 pm
(closed @ noon for a hour)
In case of emergency please call me at (403) 818-7570
