Would you like to join our mailing list ? Click Here

Mississauga Office
5484 Tomken Road, Unit 19
Mississauga, ON L4W 2Z6
P: 905.629.7720
F: 905.629.1947
 
Richmond Hill Office
120 Newkirk Road, Unit 32
Richmond Hill, L4C 9S7
P: 905.629.7720
F: 905.629.1947

2019 Income Tax Reminder & COVID 19 Update – Tax Filing Deadline Extended to June 1st

  • 0

2019 Income Tax Reminder & COVID 19 Update – Tax Filing Deadline Extended to June 1st

Category : blog

March 29, 2020,
Dear Clients & Friends:

Hope you and your families are staying safe amid COVID 19.  Our office is open as one of the essential businesses in Ontario with our staff on a rotating work from home schedule.  With the tax filing deadline extended to June 1st, please send us your files digitally (either via dropbox, google drive, box or secured email).  We are committed to continue serving you during these challenging times.  Please call me if you have any questions on the government emergency financial measures, your personal taxes or your corporate taxes.

mage001

COVID 19 Financial Measures Updates

Prime Minister Trudeau provided a brief update on some further tax measures on Friday March 27, 2020.  Full details will be released later this week and I will update everyone accordingly.  Here are some of the updates that Trudeau and CRA will be providing:

  1. For small businesses, the government announced that it would increase the temporary wage subsidy to 75% of eligible remuneration (from 10% that it had initially announced on March 23)
  2. Deferral of GST/HST remittances for small businesses.   Although it is still unclear if this applies to the actual filing of the HST returns, taxpayers will now have until June 30, 2020 to make the following payments:
    1. Monthly filers — Remittances collected for the February, March and April 2020 reporting periods.
    2. Quarterly filers — Remittances collected for the January 1, 2020 through March 31, 2020 reporting period.
    3. Annual filers whose GST/HST return or instalment are due in March, April or May 2020 — Remittances collected and owing for their previous fiscal year and instalments of GST/HST for the filer’s current fiscal year.
  3. The government will provide interest-free loans of up to $40,000 for one year to eligible small businesses and not-for-profits through the new Canada Emergency Business; with possibly $10,000 of the loan to be forgiven.  Please let me know if you would like me to connect you with the appropriate banking professional to assist you with the process.
  4. The Bank of Canada is cutting their interest rates by a further 0.25%.

Please connect on the links to my social media at your convenience (Facebook, Twitter, Linkedin, Instagram) to stay fully updated on COVID 19 and tips and tax planning for individuals and businesses.

facebook twitter linkedin instagram-sketched


Contact Us

Sign up for AR Jaffer Professional Corporation

* = required field

powered by MailChimp!
Testimonials
  • Syed Murad Ali - Software Architect / Database developerAli Raza is very likeable person. His Tax knowledge is second to none. Highly recommended.

    Read more
  • Paulo Pereira - Owner, PrimericaMr. Raza is an individual I would trust with my life.

    Read more
  • Muntazir Pardhan, P.Eng., LEED AP - Associate and Environmental Engineer at Dillon ConsultingWe were very impressed with Ali Raza’s high level of service. He was always available for us even during the busy tax season. He was able to put...

    Read more
  • Sajjad Mamdani - Director - VISUALWORKS, Dubai, UAEI have known Ali Raza for quite some time, and he has been helping me with my taxes all along. He has always been very helpful and knows his stuff. I ...

    Read more
  • Moez Kassam - Investment Managermy go to accountant. For Personal, Corporate or even hedge fund related tax or accounting works-Ali is reliable, quick and simply great at what he doe...

    Read more
  • Cal Thompson - The Boss at Retired...as in "gone fishin"I had the opportunity to work with Ali for over 6 years. Integrity and knowledge are the hallmarks of his work. Regularly recognized for two attribute...

    Read more
  • Bob Batten, B.Sc.(hons), ISP - Program Manager at ATB FinancialIt was my pleasure to have worked with Ali during my tenure with Loyalty. During that time Ali was a distinct pleasure to work with. He always demonst...

    Read more
  • Luisa Mastracci - Contact Center Director at itravel2000Ali is an approachable hard working person with great integrity and enjoys being part of a team. His affinity for numbers allows him to take on any ta...

    Read more
  • Blair Holder - Owner, Blair Holder Industries (Entertainment / Media Consulting); Partner - Tritone Entertainment; Writer; EntrepreneurAli Raza is a personable and detailed professional – a true asset of my business and guardian of the bottom line.

    Read more
  • George Hemming - Service Improvement Specialist - Infrastructure Architecture at BlackBerryI worked with Ali at Airmiles and always found him easy to work. I always appreciated his dedication and willingness to get the job done.

    Read more
  • Thomas Kouroukis - Experienced Contact Centre Senior LeaderThrough my professional experience with Ali, he has shown integrity, trust, knowledge and professionalism. He is detail oriented and can be counted up...

    Read more
  • Shabbir (Shab) Jaffer - Business Development Consultant/recent P&G RetireeIn Spring 2010 Ali Raza co-led the development and presentation of a Tax Planning seminar for a local community organization that we both belong to. H...

    Read more
  • Lisa Stupen - Owner, President, Quest Search Group (Specializing in Accounting & Financial Recruitment and Staffing)Ali is a highly professional and experienced finance person. After having placed Ali at LoyaltyOne, he moved up through the ranks very quickly demonst...

    Read more
  • Hasanayn Kassamali - Instructor at Academy for Learning (A.L.I.)We found Ali Raza’s approach to be professional and focused. HIs advice will add value to your work. Hasanayn for Academy for Learning Islam

    Read more
  • Martin Chinnappan - Test Manager at American ExpressI had the privilege of getting to know Ali when working at Loyalty. He is a visionary with exceptional leadership qualities. He is committed, sincere,...

    Read more
  • Greg Barber - Prospect Management & Research Officer at Sunnybrook FoundationAs a researcher and information provider, I have had many opportunities to work with Ali. I am continually impressed that Ali informs his business dec...

    Read more
  • Amin Jagani - Healthcare and Management ConsultantClinetica enlisted the services of AR Jaffer Professional Coporation for bookkeeping services. We were pleasantly surprised to learn that in addition ...

    Read more
  • Mark Mathews CFE. CTM. - Fraud Management & Investigations ExpertAli is an extremely valuable team player, always willing to share his knowledge and expertise. He is a hard worker, very diligent and trustworthy.

    Read more
  • Zohair Kassam - Account Manager at TD-Commercial BankI’ve had the pleasure of knowing Ali Raza for a few years, and have referred clients of mine to him. They have all come back to me with nothing ...

    Read more
  • Troy Hamid - Information Technology ConsultantAli Raza Jaffer is one of the finest Accountant that I have had the pleasure of knowing. I consider him to have excellent interpersonal skills and he ...

    Read more
  • Stephanie Curry - Enabling Managed Services and Cloud Strategies for ChannelI began working with Ali for my personal tax return in 2008. He was very knowledgable about personal tax laws and regualtions and has been very helpfu...

    Read more