At C. Ralph & Associates, we pride ourselves on meaningful community engagement and on serving the needs of local businesses and individuals alike. This week places us all in a time of uncertainty. In light of Covid-19, we are reaching out to keep you informed of updates to our office policies and procedures, and to provide a summary of key points from Canada’s economic response plan released this week.
While our office remains open, we have implemented the following procedural changes until further notice to support the well being of our clients, staff, and community at large:
In addition, the government has announced that those who owe money will have until July 31st to pay off those amounts and not incur interest. As for social benefits, items such as GST credits, Child Tax Benefits and the Guaranteed Income Supplement are all tied to your tax filing; therefore, you still want to have your return filed as soon as possible in order to continue these benefits. In turn, we are striving to continually process your returns as soon as possible.
Above you will find attached an article by C. Ralph & Associates, ‘Canada Covid-19 Economic Response Plan – Key Points,’ which we hope will provide a valuable summary for your information and planning. In addition to the attached document, here is a chart released by Canada Revenue Agency (https://www.canada.ca/en/department-finance/news/2020/03/canadas-covid-19-economic-response-plan-support-for-canadians-and-businesses.html) outlining the cost/impact and implementation time frame for the measures in the response plan:
We are confident that these adapted policies will allow us to work seamlessly with minimal, if any, business disruption so as to honor our commitment to you. Thank you in advance for supporting our interim policies and for your patience as we navigate this unprecedented challenge.
On behalf of all of us at C. Ralph & Associates, we also wish to express our gratitude to the healthcare workers working so hard under difficult circumstances.
If you have any questions in regards to our policies or in regards to how the relief package applies to you, please do not hesitate to contact myself or anyone on our team.