To all our valued clients of PSB Boisjoli, We hope that you and your loved ones continue to be well and safe. PSBB is very grateful for the support from all of you and hope that you feel equally supported by us. While facing the obvious challenges in their own lives and for the health […]
Administrative Income Tax Measures In addition to the income tax filing and payment deadline extensions announced as part of the fiscal measures, unless otherwise noted, taxpayers may defer a number of other administrative tax actions required under the Income Tax Act (“ITA”) that are due after March 18, 2020, until June 1, 2020. These administrative […]
The Canada Emergency Response Benefit (“CERB”) is replacing the previously announced Emergency Care Benefit and Emergency Support Benefit programs. Details This taxable benefit would provide $2,000 per month, for up to four months, to workers who lose their income as a result of the COVID-19 pandemic. The portal for accessing the CERB would be available […]
BDC ANNOUNCES ADDITIONAL MEASURES TO PROVIDE RELIEF FOR CANADIAN ENTREPRENEURS IMPACTED BY THE CORONAVIRUS COVID-19 As announced by the minister of finance, BDC puts in place additional measures to provide relief for Canadian entrepreneurs impacted by the coronavirus COVID-19. New relief measures for qualified business effective March 18, 2020 Working capital loans of up to […]
Last update: 18 mars 2020 Here are the key benefit programs available due to the COVID-19 crisis. Those aim at helping employers and employees following a quarantine (whether it is mandatory or voluntary), a layoff or a dismissal. This document is up-to-dated as of March 18, 2020. Note that future updates will be provided following […]
The Government of Canada is taking immediate, significant and decisive action to help Canadians facing hardship as a result of the COVID-19 outbreak. On March 18, 2020, the Prime Minister announced a new set of economic measures. Support to Canadians Flexibility for Taxpayers The Canada Revenue Agency will defer the filing due date for the […]
Please note that the undermentioned information is only in respect of the Quebec tax implications. Regarding the federal ones, they have not yet manifested their intentions. Be sure that we will keep you updated. FILING DEADLINES AND PAYMENT OF BALANCE DUE FOR INDIVIDUALS AND TRUSTS For individuals who would have had a filing obligation of […]
To all our valued clients of PSB Boisjoli, Needless to say, the last few days have been challenging for all of us personally and professionally. We hope that you and your loved ones are doing well during these unsettling times. Our goal is to assure all of our clients that we will continue to provide […]
On March 10, 2020, the Quebec Minister of Finance, Eric Girard tabled Budget 2020-2021. This Budget seeks to achieve the following goals: to build a green economy, to increase Quebecers’ wealth, and to improve services and meet the needs of Quebecers. To help achieve this statement, this Budget proposes: To make Quebec an environmental leader […]
GAAR PENALTY Revenu Québec may impose monetary penalties on taxpayers or their promoters if they are subject to an assessment under Quebec’s general anti-avoidance rule (GAAR). An assessment based solely on the federal GAAR is not subject to these penalties. A taxpayer who takes part in an abusive avoidance transaction is liable to a penalty […]