Back to top

Current News

Below please find daily updates pertaining to the latest in financial, business, and tax news:

Department of Finance Canada News

Statement following the joint call of Finance Ministers regarding the COVID-19 pandemic

Wed, Aug 05, 2020

“Today, I hosted a call with my counterparts from the “Five Eyes” nations – Australia, New Zealand, United Kingdom, and the United States – to discuss the economic impact of the COVID-19 pandemic, the significant policy response to the crisis, and the safe gradual restart of the global economy. This call was the third of a series of regular calls among Finance Ministers of the “Five Eyes” count...

Government Announces New Extension of Rent Relief for Small Businesses

Fri, Jul 31, 2020

Today, Finance Minister Bill Morneau announced that the Canada Emergency Commercial Rent Assistance (CECRA) will be extended by one month to help eligible small business pay rent for August. All provinces and territories continue to participate in this initiative, and collaborate with the federal government to provide rent supports to those small businesses most in need....

Government legislation to support Canadian workers, businesses, persons with disabilities, and legal rights receives Royal Assent

Mon, Jul 27, 2020

Bill C-20, An Act respecting further COVID-19 measures, today received Royal Assent, ensuring that the Canada Emergency Wage Subsidy (CEWS) will continue to protect jobs by helping businesses keep employees on the payroll and encouraging employers to re-hire workers previously laid off. The broader and better targeted CEWS will make sure that Canadian workers and businesses are in a better pos...

Minister of Finance Announces Appointment to Canada Pension Plan Investment Board

Tue, Jul 21, 2020

In keeping with this commitment, Finance Minister Bill Morneau today announced the appointment of Boon Sim as a Director to the Board of the Canada Pension Plan Investment Board (CPPIB) effective July 15, 2020. ...

Government introduces legislation to support Canadian workers, businesses and persons with disabilities

Mon, Jul 20, 2020

Today Finance Minister Bill Morneau introduced in Parliament Bill C-20, An Act respecting further COVID-19 measures. Upon receiving Royal Assent, this legislation would make the CEWS more targeted, expand eligibility, and help more workers get back to their jobs as the economy continues to reopen....

Supporting Canadian Workers and Businesses with a redesigned Canada Emergency Wage Subsidy

Fri, Jul 17, 2020

Today the Finance Minister, Bill Morneau, announced proposed changes to the CEWS that would broaden the reach of the program and provide better targeted support so that more workers can return to their jobs quickly as the economy restarts. This support would continue to protect jobs and help Canadian businesses that are the most impacted....

Government Supports Jobs and Safe Operations of Junior Mining Exploration

Fri, Jul 10, 2020

Today, Finance Minister Bill Morneau announced that the Government is proposing to protect jobs and safe operations of junior mining exploration and other flow-through share issuers, by extending the timelines for spending the capital they raise via flow-through shares by 12 months....

Historic COVID-19 Plan Provides Canadians With the Support They Need to Get Through the Economic Crisis

Wed, Jul 08, 2020

Today, Finance Minister Bill Morneau presented an economic and fiscal snapshot. The federal government has used its strong fiscal position to stabilize the economy and support Canadians by putting in place the largest economic aid package in generations....

Government Introduces Draft Regulations Providing Relief for Registered Pension Plans

Thu, Jul 02, 2020

Finance Minister Bill Morneau today announced the release of draft regulations that would help employers who sponsor a Registered Pension Plan (RPP) or salary deferral leave plan for their employees to manage and maintain their benefit obligations through the crisis. It will also assure employees who participate in salary deferral leave plans that suspending their leave of absence (e.g., via a ...

Government Announces Extension of Rent Relief Program for Small Businesses

Tue, Jun 30, 2020

Today, Finance Minister Bill Morneau announced that the Canada Emergency Commercial Rent Assistance (CECRA) will be extended by one month to cover eligible small business rents for July. ...

CRA Newsroom

File your 2019 taxes before September to keep getting your benefit payments

Wed, Jul 29, 2020

Canadians who receive the Canada Child Benefit (CCB) and the Goods and Services Tax (GST/HST) credit need to complete their 2019 tax returns as soon as possible. ...

You can still file your 2019 income tax and benefit return

Thu, Jun 25, 2020

This year, the Canada Revenue Agency (CRA) extended the tax-filing deadline from April 30 to June 1, 2020, to help Canadians meet their tax-filing needs during the COVID-19 crisis. ...

Interest rates for the third calendar quarter

Mon, Jun 22, 2020

The Canada Revenue Agency (CRA) has announced the prescribed annual interest rates that will apply to any amounts owed to the CRA and to any amounts owed by the CRA to individuals and corporations. ...

The CRA has extended filing deadlines for corporations and trusts

Mon, May 25, 2020

At the Canada Revenue Agency (CRA), we understand the impact that the COVID-19 pandemic has had on Canadian businesses and tax preparers. To support them during this difficult time, we have extended some of the filing deadlines for corporations and trusts to September 1, 2020. ...

Filing 2019 taxes through the COVID-19 crisis

Fri, May 22, 2020

At the Canada Revenue Agency (CRA), we understand that the COVID-19 pandemic may make it difficult for some Canadians to file their returns and meet their diverse tax-filing needs. ...

Interest rates for the second calendar quarter

Fri, Apr 24, 2020

The Canada Revenue Agency (CRA) has announced the prescribed annual interest rates that will apply to any amounts owed to the CRA and to any amounts owed by the CRA to individuals and corporations. ...

New online feature helps you see your uncashed tax cheques

Thu, Mar 12, 2020

Do you have an uncashed tax cheque waiting for you? Check our new feature in My Account to find out. ...

Seniors: tips to help you this tax season!

Tue, Mar 10, 2020

As a senior, you may be eligible for benefits and credits when you file your taxes. We have tips to help you get all of them! ...

What you need to know if you bought or sold a property

Fri, Mar 06, 2020

Did you buy or sell a property in 2019, or plan to soon? We have everything you need to help you do your taxes! ...

Help your clients get benefits and credits. Request a free outreach visit!

Fri, Mar 06, 2020

Does your organization help one or more of the following groups? ...

Canada News Centre - Canada Revenue Agency

Government of Canada launches updated Canada Emergency Wage Subsidy Calculator to support employers

Tue, Aug 11, 2020

The Canada Emergency Wage Subsidy (CEWS) helps employers who have been impacted by the COVID-19 pandemic to keep workers on their payroll or bring back previously laid-off employees....

The Canada Revenue Agency announces an extension to the payment deadline and offers interest relief on outstanding tax debts during the COVID-19 pandemic

Mon, Jul 27, 2020

The Canada Revenue Agency (CRA) is closely monitoring the COVID-19 situation, and is committed to supporting Canadians throughout it. The CRA understands that individuals and businesses might be dealing with difficulties in meeting their financial obligations, including paying tax debts they may have incurred prior to the crisis. ...

Government of Canada to acquire interim replacement for the MV Madeleine ferry

Thu, Jul 02, 2020

Canadians in Eastern Quebec and Atlantic Canada, as well as tourists and businesses, rely on safe and efficient ferry services to support vibrant and sustainable communities and economies....

Benefits payments for eligible Canadians to continue until Fall 2020

Fri, May 15, 2020

Today, the Honourable Diane Lebouthillier, Minister of National Revenue is announcing that benefit payments will continue for an additional three months for those who are not able to file their 2019 returns on time....

Revenu Québec News