Experience that works for you | 905-466-2954

Category Archives: Updates

March 28, 2020: WSIB – Ontario: Premium Reporting and Payment Relief announced

https://www.wsib.ca/en/news-release/wsib-announces-19-billion-financial-relief-ontario-businesses

WSIB announces $1.9 billion in financial relief for Ontario businesses 

Confirms benefit payments will continue to Ontarians with work related injuries or illness

Toronto, March 26, 2020 –  The Workplace Safety and Insurance Board (WSIB), in conjunction with the Government of Ontario, has developed a financial relief package worth $1.9 billion to help employers reduce the financial burden of the rapidly evolving COVID-19 situation.

“We have worked closely with the Government of Ontario to help Ontario businesses as they face this unprecedented challenge,” said Elizabeth Witmer, Chair of the WSIB. “Ontario businesses will now be able to defer their WSIB premium payments up to six months.”

All employers covered by the WSIB’s workplace insurance are automatically eligible for the financial relief package. This means that businesses can defer premium reporting and payments until August 31, 2020. This premium deferral impacts businesses who report and pay monthly, quarterly or annually based on their insurable earnings.

Additionally, no interest will accrue on outstanding premium payments and no penalties will be charged during this six-month deferral period.

This relief package also applies to Schedule 2 employers – publicly funded organizations (municipalities, hospitals, school boards), and other businesses who are involved in federally regulated industries.

The WSIB also confirmed that while its offices remain closed to the public during this time, it remains committed to serving the people of Ontario. Benefit payments will continue for people with work related injuries or illness. New claims can be submitted and will be adjudicated, and our online services, including document upload, are available. Dedicated customer support teams are also available by phone to provide urgent support.

“Our relief package will support businesses in this difficult time while protecting coverage for people who need us,” said Tom Teahen, President and CEO of the WSIB. “We know how tough this situation is for everyone and we are here to help.”

Businesses can learn more by visiting the WSIB’s COVID-19 information page and continue to manage their account information through the WSIB’s online services.

March 28, 2020:  Additional Support for Canadian Businesses from the Economic Impact of COVID-19

https://www.canada.ca/en/department-finance/news/2020/03/additional-support-for-canadian-businesses-from-the-economic-impact-of-covid-19.html Backgrounder These measures are a part of the Government of Canada’s COVID-19 Economic Response Plan, which provides direct support and tax deferrals to Canadian workers and businesses to help them in these difficult times. The Government of Canada is making additional investments to support Canadian businesses from the economic impacts of COVID-19. These new… Keep Reading …

March 26, 2020: Government introduces Canada Emergency Response Benefit to help workers and businesses

From: Department of Finance Canada News release To support workers and help businesses keep their employees, the government has proposed legislation to establish the Canada Emergency Response Benefit (CERB). March 25, 2020 – Ottawa, Ontario – Department of Finance Canada The Government of Canada is taking strong, immediate and effective action to protect Canadians and the… Keep Reading …

March 18, 2020: Filing dates and tax payment deferrals announced today

Flexibility for Taxpayers In order to provide greater flexibility to Canadians who may be experiencing hardships during the COVID-19 outbreak, the Canada Revenue Agency will defer the filing due date for the 2019 tax returns of individuals, including certain trusts.  For individuals (other than trusts), the return filing due date will be deferred until… Keep Reading …