The Ontario government has announced the easing of restrictions that will allow specific businesses to resume activity. The incremental changes will come into effect over the next week…
Industry: Retail & Wholesale Trade
Canada Revenue Agency Announces Temporary COVID-19 Relief for Registered Pension Plans
In response to industry requests, the Canada Revenue Agency (CRA) announced on May 5, 2020 that the minimum 1% employer contribution rule applicable to defined contribution (DC) pension plans is temporarily suspended. In addition, the federal Department of Finance issued a comfort letter confirming that it will recommend an amendment to the Income Tax Regulations to extend the deadline for electing to purchase a leave of absence on a current-service basis. These measures are intended to temporarily assist the sponsors and administers of DC and defined benefit (DB) registered pension plans in light of the COVID-19 pandemic.
COVID-19 Update: Certain Businesses Permitted to Reopen, and More
In this FTR Now: Province allows businesses to reopen; Ontario announces workplace health and safety guidance; Ontario expands the list of essential workers eligible to receive free emergency child care; Further amendments to the Employment Insurance Act and New Canada Emergency Student Benefit; and more!
Ontario Unveils Framework for Reopening the Province
On April 27, 2020, the Ontario government announced its framework for reopening Ontario (Framework), which sets out the criteria the Chief Medical Officer of Health (CMOH) and health experts will use to advise the government on the timing of and direction for lifting emergency measures, as well as the principles for reopening businesses, services, and…
Further Measures Announced in Relation to COVID-19
Late last week, the Ontario government amended a number of measures already introduced in light of COVID-19. It updated the “COVID-19 Self-Assessment Tool” to include an expanded list of symptoms for which self-isolation is required. It made further orders under the Emergency Management and Civil Protection Act regarding health care, an expanded list of essential workers eligible for child care and seasonal campgrounds. The federal government provided more information on initiatives already underway, including with respect to the eligibility requirements for the Canada Emergency Response Benefit (CERB).
Federally Regulated DB Pension Plans Given Temporary Relief as a Result of COVID-19
On April 15, 2020, the federal government announced that, effective immediately, it is providing temporary relief to sponsors of federally regulated defined benefit (DB) pension plans, in light of the pandemic’s negative effect on the economy and the resulting financial constraints faced by many sponsors. For the remainder of 2020, there will be a moratorium…
WSIB Claims in Light of COVID-19
The Workplace Safety and Insurance Board (WSIB) has published a “Frequently Asked Questions” page to address questions regarding COVID-19 claims, the impact of COVID-19-related closures on injured workers, and changes in WSIB processes during this period. Below is a brief summary of the key points.
Federal Wage Subsidy Legislation Passed
On April 11, 2020, Bill C-14, the COVID-19 Emergency Response Act, No. 2, (Bill C-14), received Royal Assent after another emergency session of Parliament. Bill C-14 enacts the Canada Emergency Wage Subsidy (CEWS). It includes new details about which employers are eligible, and the calculation of gross revenue and the subsidy. On the same date, the federal government also updated its backgrounder describing the CEWS, reflecting the final form of the legislation.
Additional Details of Canada Emergency Wage Subsidy and Enhanced Summer Jobs Program Released
After making its initial announcement about the significantly expanded Canada Emergency Wage Subsidy (CEWS) program, the federal government announced on April 8, 2020, that it is introducing additional flexibility to the CEWS, and provided additional details about how the program will operate.
Ontario Orders More Business Closures in Light of COVID-19 Pandemic; Clarifies Obligations of Businesses that Remain Open
On April 3, 2020, the Ontario government announced that more businesses must close because they are no longer considered essential in light of the COVID-19 pandemic. These businesses must close effective tomorrow, Saturday April 4, 2020 at 11:59 p.m.