In response to the current pandemic of COVID-19, the Government of Canada has made several adjustments to assist federal employees, businesses and individuals in various Acts: Income Tax Act and Income Tax Regulations Temporarily increasing Canada Child Benefit payment in order to provide additional assistance to families with children. Individuals and families with low/modest incomes will receive one extra payment of GST/HST (Goods and Sales Tax) credit. For 2020 reducing mi

Bill 188, Economic and Fiscal Update Act, 2020, received Royal Assent on March 25, 2020 and has been enacted as Chapter 5 of the Statutes of Ontario, 2020. Schedule 1 of the Bill consists of the Employer Health Tax Act. This new Bill will have an impact on your payroll calculations for 2020. Please ensure you update your software to accommodate the new calculation. The Employer Health Tax Act allows eligible employers to claim an exemption amount when establishing their taxab