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Important Information Related to COVID-19
Covid-19

Our Role and Responsibility Navigating through COVID-19

At Hilborn LLP our client’s needs remain paramount to our business. With the COVID-19 virus now deemed a pandemic by the World Health Organization (WHO), we understand the need for our firm to provide continuous and uninterrupted accounting services, and want to take this opportunity to update you on the proactive steps we are taking to be prepared for the evolving situation with COVID-19.

Our staff will not be attending clients’ premises to conduct field work. All documentation should be provided to the manager working on your engagement electronically. The same also applies to tax related documents which should be issued to our firm in electronic format. If you have a preferred secure email delivery method, please communicate this with the manager working on your engagement. Each of our team members is technology enabled to work remotely, and are able to collaborate effectively with other team members through our cloud software.

Out of an abundance of caution and to ensure the safety of all our employees, clients and visitors in our office, all client meetings will be conducted by telephone, skype or video conference. Client meetings will not be conducted at our premises or off-site for the time being.

Should the outbreak result in our office closure, we have contingency plans in place that enable us to provide you with uninterrupted service. Our plan includes enhancements to our remote work capabilities and technology to ensure our systems and data are available and secure. By modifying our operations and working remotely, our staff will continue to be responsive to your accounting and business needs.

We will continue to keep you informed of any changes we may implement as the situation progresses, with information provided via our website and e-mail updates.

We hope you understand our position as the safety of our staff and clients is extremely important to us. If you have any questions or comments, please contact the partner responsible for your engagement and we would be pleased to discuss this matter with you.

We wish everyone well as we collectively navigate this global health challenge.

The Partners of Hilborn LLP

COVID-19 - Firm Update

Due to the recent developments with COVID-19 within Ontario, and out of an abundance of caution to ensure the safety of all our employees, clients and visitors in our office, our office will be closed effective March 17, 2020.

Our staff will be working remotely during this time and will continue to provide you with efficient and effective assistance.

If you have any questions or comments, please contact the partner responsible for your engagement and we would be pleased to discuss this matter with you.

We wish everyone well as we collectively navigate this global health challenge.

The Partners of Hilborn LLP

To Our Personal Tax Clients

Due to the recent developments with COVID-19 within Ontario, and out of an abundance of caution to ensure the safety of all our employees, clients and visitors in our office, our office will be closed effective March 17, 2020.

Our staff will be working remotely during this time and will continue to provide you with efficient and effective assistance.

We ask that you please submit all tax related materials to our firm electronically to the attention of the partner responsible for your file or alternatively to our general mail box: reception@hilbornca.com. We would be happy to connect with your broker directly by way of email once you provide your approval for sending all tax related material to us directly.

If you have any questions or comments, please contact the partner responsible for your file and we would be pleased to discuss this matter with you.

We wish everyone well as we collectively navigate this global health challenge.

The Partners of Hilborn LLP

Personal Tax Deadline Update

Today the government released a COVID-19 Economic Response Plan.  In particular, the due date of 2019 personal tax returns, and related tax payments has been extended.

Flexibility for Taxpayers

In order to provide greater flexibility to Canadians who may be experiencing hardships during the COVID-19 outbreak, the Canada Revenue Agency will defer the filing due date for the 2019 tax returns of individuals, including certain trusts.

  • For individuals (other than trusts), the return filing due date will be deferred until June 1, 2020.
  • For trusts having a taxation year ending on December 31, 2019, the return filing due date will be deferred until May 1, 2020.

The Canada Revenue Agency will allow all taxpayers to defer, until after August 31, 2020, the payment of any income tax amounts that become owing on or after today and before September 2020. This relief would apply to tax balances due, as well as instalments, under Part I of the Income Tax Act. No interest or penalties will accumulate on these amounts during this period.

The entire announcement can be found at:

https://www.canada.ca/en/department-finance/economic-response-plan.html#individual

Delivery of your tax information to us:

For those clients that would like to send their information electronically, we have a secure facility to send information.  Please contact reception@Hilbornca.com and a member of the team will reach out to you to provide detailed instructions.

We wish everyone well as we collectively navigate this global health challenge.

The Partners of Hilborn LLP

Corporate Tax Update

Government Support for Businesses

On March 18, 2020, the Prime Minister announced a new set of economic measures to help stabilize the economy during this challenging period. These measures, delivered as part of the Government of Canada’s COVID-19 Economic Response Plan, will provide up to $27 billion in direct support to Canadian workers and businesses. The following items would be of particular interest to our clients:

Flexibility for Businesses Filing Taxes

The Canada Revenue Agency will allow all businesses to defer, until after August 31, 2020, the payment of any income tax amounts that become owing on or after today and before September 2020.  This relief would apply to tax balances due, as well as instalments, under Part I of the Income Tax Act. No interest or penalties will accumulate on these amounts during this period.

The Canada Revenue Agency will not contact any small or medium (SME) businesses to initiate any post assessment GST/HST or Income Tax audits for the next four weeks. For the vast majority of businesses, the Canada Revenue Agency will temporarily suspend audit interaction with taxpayers and representatives.

Until further clarity is provided, there remains the requirement to continue to make GST/HST payments and filings.

Helping Businesses Keep their Workers

To support businesses that are facing revenue losses and to help prevent lay-offs, the government is proposing to provide eligible small employers a temporary wage subsidy for a period of three months. The subsidy will be equal to 10% of remuneration paid during that period, up to a maximum subsidy of $1,375 per employee and $25,000 per employer. Businesses will be able to benefit immediately from this support by reducing their remittances of income tax withheld on their employees’ remuneration. Employers benefiting from this measure will include corporations eligible for the small business deduction, as well as non-profit organizations and charities.

The entire announcement can be found at:

https://www.canada.ca/en/department-finance/news/2020/03/canadas-covid-19-economic-response-plan-support-for-canadians-and-businesses.html#Extension_of_Deadline

As additional details are released, we will continue to keep you informed.

Tax Update: Temporary Wage Subsidy for Employers

Details of The Temporary Wage Subsidy for Employers

CRA has released a frequently asked questions page to provide more details on the Wage Subsidy that was announced last week. The details of who, when, how and most importantly, how much were provided.

Particular employers may claim this subsidy by keeping a portion of the income tax that has been withheld from employees.

Who is Eligible for the Wage Subsidy

You are an eligible employer if you:

  • are a non-profit organization, registered charity, or a Canadian-controlled private corporation (CCPC);
  • have an existing business number and payroll program account with the CRA on March 18, 2020;
  • and pay salary, wages, bonuses, or other remuneration to an employee.

CCPCs are only eligible for the subsidy if their taxable capital employed in Canada for the preceding taxation year, calculated on an associated group basis, is less than $15 million.

Partnerships or individuals that are registered as employers are not be eligible for this subsidy.

When Does This Subsidy Begin

The subsidy begins for all remuneration and employer pays between March 18, 2020 and June 20, 2020.  All payroll paid during this period is eligible for the subsidy.

How Does the Employer Claim the Subsidy

You can start reducing remittance of federal, provincial, or territorial income tax, withheld from your employees in the first remittance period that includes remuneration paid between March 18, 2020, and June 20, 2020.

For example, if you are a regular remitter, you can reduce your remittance that is due to the CRA on April 15, 2020.  You can continue with this subsidy until you have reached the maximum subsidy described below.

How Much is the Subsidy

The subsidy is equal to 10% of the remuneration you pay between March 18, 2020, and June 20, 2020, up to $1,375 per employee and to a maximum of $25,000 total per employer.

Associated CCPCs will not be required to share the maximum subsidy of $25,000 per employer.

For example, if you have 5 employees, the maximum subsidy you can receive is $6,875 ($1,375 x 5 employees), even though the per employer maximum is $25,000

If you would like assistance with either the calculation of the subsidy or the manner in which to claim the subsidy, please do not hesitate to contact us.

The complete document may be found at the following address:

https://www.canada.ca/en/revenue-agency/campaigns/covid-19-update/frequently-asked-questions-wage-subsidy-small-businesses.html

The Partners of Hilborn LLP

Extension for Filing and Payment Deadline

Extensions for Filing and Payment Deadlines

Further information has been released by CRA in connection with the extension of filing deadlines and the payment of taxes. A summary of the extensions provided to date is as follows: 

Individuals:

The deadline to file your individual income tax and benefit return will be deferred until June 1, 2020.  The deadline to pay any balance due for your individual income tax and benefit return for 2019 has been extended from April 30, 2020, to September 1, 2020. This means you will not be assessed any penalties or interest if your balance due is paid by September 1, 2020.

Self-employed and their spouse or common law partner: 

The deadline to file your individual income tax and benefit return remains June 15, 2020.  The deadline to pay any balance due for your individual income tax and benefit return for 2019 has been extended from April 30, 2020, to September 1, 2020. This means you will not be assessed any penalties or interest if your balance due is paid by September 1, 2020.

Businesses:

The deadline for businesses to pay any income tax amounts that become owing or due after March 18, 2020 and before September 1, 2020 has been extended to September 1, 2020. This means you will not be assessed any penalties or interest if your balance due is paid by September 1, 2020. Any payments for corporate income tax  or corporate income tax instalments that become due during this period may be paid on September 1, 2020.

Trusts:  

For trusts with a taxation year end of December 31, 2019, the filing due date of March 31, 2020, will be deferred to May 1, 2020.   Furthermore, all trusts that have an upcoming income tax balance due date or an income tax instalment payment due date before September 1, 2020, will have their payment due date effectively extended to September 1, 2020.  Penalty and interest implications for upcoming trust tax obligations not covered by the relief described above will be considered by the CRA on a case-by-case basis.

Charities:

The Charities Directorate is extending the filing deadline to December 31, 2020, for all charities with a Form T3010,

Registered Charity Information Return due between March 18, 2020 and December 31, 2020.

We are waiting for guidance on the following matters:

  • No relief has been announced  for HST filing or payments.
  • No changes have been provided to the deadline for partnership returns
  • No guidance has been provided for the filing of corporate tax returns, and if any penalties would apply to any corporate tax returns filed after the normal due date of six months after year end
  • No guidance has been provided in connection with the extension for the deadline to file various foreign reporting forms such as T1135, T1134, T1141 and T1142

A chart of the changes to the tax-filings and payment deadlines can be found at:

https://www.canada.ca/en/revenue-agency/campaigns/covid-19-update.html

As additional details are released, we will continue to keep you informed.

Update on Further Measures announced by the Federal Government

Update on Further Measures Announced by Federal Government
 

Yesterday, the Government of Canada announced several measures to support Canadian businesses during the COVID-19 crisis.

Increase to the Temporary Wage Subsidy

The Prime Minister announced a 75% wage subsidy for qualifying business, for up to 3 months, retroactive to March 15, 2020.  More details on the subsidy are to be released.  We will keep you informed of any announcements as they are made.

Deferral of Sales Tax Remittance

The government will allow businesses, including self-employed individuals, to defer until June 30, 2020 payments of Goods and Services Tax / Harmonized Sales Tax (GST/HST).

The deferral will apply to GST/HST remittances for the February, March and April 2020 reporting periods for monthly filers; the January 1, 2020 through March 31, 2020 reporting period for quarterly filers; and for annual filers, the amounts collected and owing for their previous fiscal year and instalments of GST/HST in respect of the filer’s current fiscal year.

Deferral Customs Duty Payments

Imported goods by businesses are generally subject to GST at 5% and custom duties. These amounts were normally due to be submitted to the Canada Revenue Agency and the Canada Border Services Agency as early as the end of this month.   Amounts owing for March, April and May for GST and customs duty payments for imported goods, is deferred until June 30th.

The New Canada Emergency Business Account

This $25 billion program will provide interest-free loans of up to $40,000 to small businesses and not-for-profit organizations to help cover their operating costs during a period where their revenues have been temporarily reduced.  To qualify, these organizations will need to demonstrate they paid between $50,000 to $1 million in total payroll in 2019. Repaying the balance of the loan on or before December 31, 2022 will result in loan forgiveness of 25 per cent (up to $10,000).  Additional details on accessing this program will be available soon.

A New Loan Guarantee for Small and Medium-Sized Enterprises

Export Development Canada is working with financial institutions so that they can issue new operating credit and cash flow term loans of up to $6.25 million to small and medium enterprises. Businesses should contact their financial institution to determine whether this program is a good fit for their needs.

 

Additional Measures from The Canada Revenue Agency (CRA)

 

Trusts, Partnerships and NR4 Information Returns

The deadlines for trusts, partnership and NR4 information returns are all extended to May 1, 2020. 

Administrative Income Tax Measures

CRA announced that taxpayers may defer a number of actions required under the Income Tax Act that are due to be executed after March 18, 2020 until June 1, 2020.  This includes the filing of returns, forms, elections, designations, and responses to information requests.  Some common returns and forms that now have June 1, 2020 filing deadlines (if the original filing due date was after March 18, 2020 and before June 1, 2020) include: 

  • T2  Corporate Income Tax Return
  • T106  Information Return of Non-arm’s Length Transactions with Non-residents
  • T1134  Information Return Relating to Controlled and Non-controlled Foreign Affiliates
  • T1135  Foreign Income Verification Statement
  • T1141  Information Return in Respect of Contributions to Non-Resident Trusts, Arrangements or Entities
  • T1142  Information Return in Respect of Distributions from and Indebtedness to a Non-Resident Trust

Objections

CRA has confirmed that the deadline for filing a Notice of Objection, that would have otherwise been due after March 18, 2020 and before June 1, 2020, has also been extended to June 1, 2020. 

Collections

Collections activities on new debts will be suspended until further notice and flexible payment arrangements will be available.  Payment arrangements are also available on a case by case basis if you have difficulty paying your taxes, child and family benefit overpayments, Canada Student Loans, or other government program overpayments in full.  Collections staff will address pre-existing situations on a case-by-case basis to prevent financial hardship.

Audits

The CRA will not contact any small or medium businesses to initiate any post assessment GST/HST or Income Tax audits for the next four weeks.  For the vast majority of taxpayers, the CRA will temporarily suspend audit interaction with taxpayers and representatives. Interaction with taxpayers will be limited to those cases where the legal deadline to reassess a tax return is approaching, and in cases of high-risk GST/HST refund claims that require some contact before they can be paid out.

As additional details are released, we will continue to keep you informed.

The Partners of Hilborn LLP

Temporary Wage Subsidy - expanded definition of ‘Eligible Employer' and Canada Emergency Response Benefit

Bill C-13, the  COVID-19 Emergency Response Act, received Royal Assent, on March 25, 2020. The following may be of particular interest to our clients.

Details of The Temporary Wage Subsidy for Employers –Definition of Eligible Employers Expanded

The eligible employers that qualify for this subsidy has been expanded to include individuals and partnerships whose members include individuals, Canadian-controlled private corporations (CCPC) or charities. The details of who, when, how and most importantly, how much have been updated:

Who is Eligible for the Wage Subsidy

An eligible employer is:

  •     a non-profit organization;
  •     a registered charity;
  •     an individual;
  •     a Canadian-controlled private corporation (a “CCPC”) that was eligible for the small business deduction (assuming that taxable capital employed in Canada for the preceding taxation year, calculated on an associated group basis, is less than $15 million); or
  •     a partnership all the members of which are described in (iii) or (iv).

To be eligible, the employer must:

  •     have an existing business number and payroll program account with the CRA on March 18, 2020; and
  •     pay salary, wages, bonuses, or other remuneration to one or more individuals employed in Canada during the relevant time period.

If you do not pay salary, wages, bonuses, or other remuneration to an employee between March 18, 2020, and June 19, 2020, you cannot receive the subsidy, even if you are an eligible employer.

When Does This Subsidy Begin

The subsidy begins for all remuneration and employer pays between March 18, 2020 and June 20, 2020.  All payroll paid during this period is eligible for the subsidy.

How Does the Employer Claim the Subsidy

You may reduce the remittance of federal, provincial, or territorial income tax, withheld from your employees in the first remittance period that includes remuneration paid between March 18, 2020, and June 20, 2020. The subsidy cannot be used to reduce Canada Pension Plan contributions or Employment Insurance premiums.

For example, if you are a regular remitter, you may reduce the remittance that is due to the CRA on April 15, 2020.  You can continue with this subsidy until you have reached the maximum subsidy described below.

How Much is the Subsidy

The subsidy is equal to 10% of the remuneration you pay between March 18, 2020, and June 20, 2020, up to $1,375 per employee and to a maximum of $25,000 total per employer.

Associated CCPCs will not be required to share the maximum subsidy of $25,000 per employer.

For example, if you have 5 employees, the maximum subsidy you can receive is $6,875 ($1,375 x 5 employees), even though the per employer maximum is $25,000

Related matters

The subsidy is considered government assistance and will be included in the employer’s income for the tax year in which it is received.  The subsidy does not affect the employees in any way.  Their T4 slip will report the gross amount of federal, provincial or territorial tax.

An employer claiming the subsidy will need to keep information to support the subsidy calculations.  This includes the following:

Total remuneration paid between March 18, 2020 and June 20, 2020;

  • The federal, provincial, or territorial income tax that was deducted from that remuneration; and
  • The number of employees paid in that period.

If you would like assistance with either the calculation of the subsidy or the manner in which to claim the subsidy, please do not hesitate to contact us.

The Partners of Hilborn LLP

Canada Emergency Response Benefit (CERB) to Help Workers

The government has announced the Canada Emergency Response Benefit (CERB). This taxable benefit would provide $2,000 a month for up to four months for workers who lose their income as a result of the COVID-19 pandemic. It would cover Canadians who have lost their job, are sick, quarantined, or taking care of someone who is sick with COVID-19, as well as working parents who must stay home without pay to care for children who are sick or at home because of school and daycare closures. The CERB will apply to wage earners, as well as contract workers and self-employed individuals who would not otherwise be eligible for Employment Insurance (EI).

Workers who are still employed, but are not receiving income because of disruptions to their work situation due to COVID-19, would also qualify for the CERB. This is intended to help businesses keep their employees as they navigate these difficult times, while ensuring they preserve the ability to quickly resume operations as soon as it becomes possible.

The EI system was not designed to process the unprecedented high volume of applications received in the past week. Given this situation, all Canadians who have ceased working due to COVID-19, whether they are EI-eligible or not, would be able to receive the CERB to ensure they have timely access to the income support they need.

Canadians who are already receiving EI regular and sickness benefits would continue to receive their benefits and should not apply for the CERB. If their EI benefits end before October 3, 2020, they could apply for the CERB once their EI benefits cease, if they are unable to return to work due to COVID-19. Canadians who have already applied for EI and whose application has not yet been processed would not need to reapply. Canadians who are eligible for EI regular and sickness benefits would still be able to access their normal EI benefits, if still unemployed, after the 16-week period covered by the CERB.

The government will be establishing a portal for accessing the CERB that will rather be available in early April. It is intended that CERB payments would begin within 10 days of application. The CERB would be paid every four weeks and be available from March 15, 2020 until October 3, 2020.

COVID-19: Delivery of Tax Information

Canada Revenue Agency has extended the personal income tax filing and payment deadlines for individuals that are due April 30, 2020. Personal income tax returns that would have been due on April 30, 2020 have had their due date extended to June 1, 2020. Payments that would otherwise be due April 30, 2020 have had their due date extended to September 1, 2020.

We would like you to know that we have adapted to working in a remote environment without any significant complications. As such, we are staffed and technologically prepared to complete your personal income tax returns by the original due date of April 30, 2020. It is business as usual for us!
We encourage you to submit your 2019 tax information to us as soon as possible. If you are able to submit documents electronically and have not yet been set up on One Drive please email reception@hilbornca.com so we may receive your documents securely.

We have also set up a locked drop box outside our office to receive your information should you prefer to mail or courier it to us. Please provide special instructions to the courier to leave the package in the drop box as no one will be available to sign for the package. To reduce our handling of paper, we ask you to limit the use of staples, paper clips and envelopes when organizing your documents.

We are committed to ensuring timely delivery and quality service to our clients during this time.

If you have any questions or comments, please contact the partner responsible for your file and we would be pleased to discuss this matter with you.

Please do not hesitate to reach out to us if you have any questions or concerns.

The Partners of Hilborn LLP

The Canada Emergency Wage Subsidy

The Canada Emergency Wage Subsidy

More details were released April 1, 2020, providing employers with additional information to determine whether they are eligible for the new Canada Emergency Wage Subsidy. The new program provides a 75 per cent wage subsidy to eligible employers for up to twelve weeks. it is anticipated that additional details will be forthcoming from the government.

How to Apply

Eligible employers would be able to apply for the Canada Emergency Wage Subsidy through the Canada Revenue Agency’s My Business Account portal as well as a web-based application. Employers would be required to keep records demonstrating their reduction in arm’s-length revenues and remuneration paid to employees. More details about the application process will be announced at a later date. At this time, the application process is not available.

Who are Eligible Employers

Eligible employers include individuals, taxable corporations, and partnerships consisting of eligible employers as well as nonprofit organizations and registered charities.

Public bodies would not be eligible for this subsidy. Public bodies include municipalities, local governments, Crown corporations, public universities, colleges, schools and hospitals.

This subsidy would be available to eligible employers that see a reduction of at least 30 per cent of their revenue in any of the Eligible Periods.

Eligible Periods

Eligibility would generally be determined by the change in an eligible employer’s monthly revenues, year-over-year, for the calendar month in which the period began. The amount of wage subsidy received by the employer under the COVID-19 Economic Response Plan in a given month would be ignored for the purpose of measuring year-over-year changes in monthly revenues.

  • For example, if revenues in March 2020 were down 50 per cent compared to March 2019, the employer would be allowed to claim the Canadian Emergency Wage Subsidy on remuneration paid between March 15 and April 11, 2020.

The table below outlines each claiming period and the reference period for eligibility in which a reduction of 30% or more in revenue must have been experienced.

Eligible Periods Claiming period Reference period for eligibility
Period 1  March 15 – April 11  March 2020 over March 2019
Period 2  April 12 – May 9  April 2020 over April 2019
Period 3  May 10 – June 6  May 2020 over May 2019

 

For eligible employers established after February 2019, eligibility would be determined by comparing monthly revenues to a reasonable benchmark.

Calculating Revenues

An employer’s revenue for this purpose would be its revenue from its business carried on in Canada earned from arm’s-length sources. Revenue would be calculated using the employer’s normal accounting method and would exclude revenues from extraordinary items and amounts on account of capital.

For non-profits and charities, the government will continue to work with this sector to ensure the definition of revenue is appropriate to their specific circumstances.

Amount of Subsidy

  • The subsidy amount for a given employee on eligible remuneration paid between March 15 and June 6, 2020 would be the greater of:
    75 per cent of the amount of remuneration paid, up to a maximum of $847 per week; and
  • the amount of remuneration paid, up to a maximum benefit of $847 per week or 75 per cent of the employee’s pre-crisis weekly remuneration, whichever is less.

Further guidance with respect to how to define pre-crisis weekly remuneration for a given employee has not been provided at this time. In effect, employers may be eligible for a subsidy of up to 100 per cent of the first 75 per cent of pre-crisis wages and salaries of existing employees. These employers would be expected where possible to maintain existing employees’ pre-crisis employment earnings.

Employers will also be eligible for a subsidy of up to 75 per cent of salaries and wages paid to new employees.

Eligible remuneration includes salary, wages, and other remuneration. Other remuneration would be amounts for which employers would generally be required to withhold or deduct amounts to remit to the Receiver General on account of the employee’s income tax obligation. However, it does not include severance pay, or items such as stock option benefits or the personal use of a corporate vehicle.

A special rule will apply to employees that do not deal at arm’s length with the employer. The subsidy amount for such employees will be limited to the eligible remuneration paid in any pay period between March 15 and June 6, 2020, up to a maximum benefit of $847 per week or 75 per cent of the employee’s pre-crisis weekly remuneration.

There would be no overall limit on the subsidy amount that an eligible employer may claim.

It is expected that employers will make their best efforts to top-up employees’ salaries to bring them to pre-crisis levels.

Interaction with 10 per cent Temporary Wage Subsidy

For employers that are eligible for both the Canada Emergency Wage Subsidy and the 10 per cent temporary wage subsidy for a period, any benefit from the 10 per cent wage subsidy for remuneration paid in a specific period would generally reduce the amount available to be claimed under the Canada Emergency Wage Subsidy in that same period.

Interaction with the Canadian Emergency Response Benefit

An employer would not be eligible to claim the Canada Emergency Wage Subsidy for remuneration paid to an employee in a week that falls within a 4-week period for which the employee is eligible for the Canadian Emergency Response Benefit. Employers who are not eligible for the Canada Emergency Wage Subsidy would still be able to furlough employees who will receive up to $2,000 a month.

Government Assistance

The usual treatment of tax credits and other benefits provided by the government would apply. As a consequence, the wage subsidy received by an employer would be considered government assistance and be included in the employer’s taxable income. Assistance received under either wage subsidy would reduce the amount of remuneration expenses eligible for other federal tax credits calculated on the same remuneration.
We continue to monitor and will  inform you as more information becomes available.

The Partners of Hilborn LLP