Tax Notes

Digital pen making contact with line graph on screen

April 16, 2020

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Rent deferral during pandemic may not reduce GST/HST payable on rent

Ron Choudhury, Colleen Ma, Marie-Hélène Tremblay

The COVID-19 pandemic has created unique dilemmas or opportunities for all aspects of society. While select businesses are proving to be uniquely successful during the economic downturn, most businesses are in need of assistance in order to continue to exist....

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Rebates on invoices: how to deal with GST and QST?

Marie-Hélène Tremblay

The current economic circumstances straining the liquidity of Canadian businesses will no doubt result in suppliers being required to grant rebates to recipients. This leads to the question as to whether suppliers are required to issue a credit note to...

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Agreement with creditors: Beware

Stéphanie Pépin

The unprecedented COVID-19 pandemic is having a significant financial impact on many Canadian businesses regardless of their size. A business experiencing financial difficulties may attempt to negotiate a full or partial reduction in amounts owed to its creditors. In such...

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Temporary layoff of employees: Tax obligations arising from contributions to a supplementary unemployment benefit plan

Amina Boudiffa

Employers that are contemplating or have established a supplementary unemployment benefit plan to assist their employees who are collecting benefits further to a temporary or indefinite layoff due to COVID-19 will have to keep in mind the tax consequences of...

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Displaying 1-4 of 4