COVID-19 Tax Implications for Employers

What are the impacts of COVID-19 on businesses filing their taxes?

On Thursday, February 11, Crowe MacKay's tax advisors, Lawrence Tam and Charles Wilson, hosted a live webinar to discuss tax implications for employers due to COVID-19.

In this webinar, topics discussed include:

• Income tax implications of the Canada Emergency Wage Subsidy, Canada Emergency Business Account, and the Canada Emergency Rent Subsidy

• Reporting requirements for the 10% Temporary Wage Subsidy

• The new T4 reporting requirements

• Deductions for home-office expenses for employees

• Employer-provided benefits and allowances related to COVID-19

• Temporary adjustments to the automobile standby charge due to COVID-19