Canada: Upcoming deadlines for complying with subsidy obligations (COVID-19)
Canada: Upcoming deadlines, subsidy obligations
Employers who claimed or intend to claim coronavirus (COVID-19) assistance from the Canadian government may soon have to meet important deadlines.
In particular, employers who are eligible for the Canada Emergency Wage Subsidy (CEWS) only have until 31 January 2021, to claim the subsidy or amend previous claims for certain periods. In addition, employers who are eligible for the 10% temporary wage subsidy (TWS) must file their self-identification forms before 1 March 2021.
While eligible employers must provide that they meet any upcoming deadlines to receive government assistance that they are entitled to, they must also take care to correctly report these amounts on their tax returns as well as the new information required on their employees' 2020 T4 tax slips.
Read a January 2021 report prepared by the KPMG member firm in Canada
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