Fernandez Young's Blog
News & Insights
On Wednesday, May 6, the provincial government announced B.C's Restart Plan. With activity slowly picking up again as COVID-19 lockdown restrictions are eased, businesses should carefully consider their own reopening plans. Our Audit & Forensic Partner Jim Fernandez hosted Dean Davison, Civil Litigation Lawyer from Davison Law Group during our Survive & Reboot webinar for part two of our discussion on best practices for employers in B.C.
Our Audit and Forensic Partner Jim Fernandez recently hosted Dean Davison, Civil Litigation Lawyer from Davison Law Group. Dean shared tips and best practices for employers in British Columbia facing tough decisions that come with modifying employee duties and laying off staff.
Prime Minister Justin Trudeau today proposed two new COVID-19 benefit programs primarily for students unable to claim the Canada Emergency Response benefit. The Canada Emergency Student benefit would run from May to August, 2020 and provide $1,250 per month for eligible students. It would provide $1,750 per month for students with dependents or disabilities.
The COVID-19 pandemic is having deep effects on our economy. Nearly all businesses have been affected in one way or another. Unfortunately, this may lead to a financial crisis, where a business finds itself unable to meet all obligations to its creditors. Depending on individual circumstances, renegotiating obligations using the principles of insolvency can allow businesses to continue operations without actually becoming insolvent or applying for bankruptcy.
The much-anticipated Canada Emergency Wage Subsidy program has begun accepting applications as of Monday, April 27. Note this is for the 75% wage subsidy. You can still claim the original 10% subsidy via a reduction in your employee income tax remittances. Details on all benefits can be found in our PDF table for businesses.
On Friday, April 17, our Audit Partner, Jim Fernandez hosted special guest Christie Gilmour, Employment & Workplace Human Rights Lawyer from Forte Law. Christie shared details about terminations, layoffs and rehiring in the COVID-19 landscape and what options are available to businesses.
The federal government has recently offered updates on the temporary foreign workers program as well as the Canada summer jobs program, in regards to the ongoing COVID-19 pandemic.
Cash is always king. Cash is the lifeblood of any business and managing cash flows properly is essential. This is especially true since at the moment, many businesses are in survival mode during the COVID-19 pandemic.
Today, April 16, the federal government has announced the requirements for the Canada Emergency Business Account (CEBA) have been amended for greater eligibility.
According to Fernandez Young's IT security officer, IT related risks are higher during the COVID-19 pandemic and businesses should remain vigilant.
The federal government has recently announced a change to the calculation for the 75% wage subsidy. It has also been expanded to include payroll contribution refunds in some cases.
This week, Fernandez Young has launched three initiatives to keep you informed and well-equipped to handle the economic challenges of COVID-19.
With the ongoing COVID-19 pandemic, social distancing measures continue to have a dramatic impact on employers and employees. The government of Canada has introduced more support for businesses in addition to previously announced flexibility for income tax filing.
The Government of Canada has announced economic and financial support as part of it’s response to the COVID-19 pandemic. This includes recently announced flexibility for tax filing and payments which may affect your business or personal tax return.
In an increasingly competitive market, companies should recognize the importance of measuring their performance, not only to keep them running but also to grow effectively and profitable. […]