07 Jul 2020

A measure allows TFW who have lost their jobs due to COVID-19 to obtain an authorization to work for a new employer quickly.

It might seem contradictory, but even if the pandemic that has been hitting Quebec for several weeks has caused a meteoric rise in the unemployment rate, some companies are still facing a labour shortage situation. What do you do when local workers are not answering the call and closed borders are preventing access to workers from abroad?

The key to the solution lies in a new government announcement to help temporary foreign workers (TFW). Since May 12, 2020, a new measure allows TFW who have lost their jobs due to COVID-19 to obtain authorization to work for a new employer in 10 days or less. A process that, until recently, used to take several months, can now be completed in less than two weeks.

How can this situation help employers lacking skilled workers?

Like many of us, the pandemic forced numerous TFW into unemployment. In most cases, due to closed borders, these workers cannot return home. So, there is a pool of skilled TFW already in Quebec who are ready to work.

This reality, together with the new government policy, means that your company could save time and money by hiring TFW who already have the qualifications you’re looking for in addition to local experience. As long as you have a valid Labour Market Impact Assessment (LMIA), you will be able to hire TFW already in Quebec and integrate them into your business within days.

What are your needs?

  • For medium-term needs: international recruiting remains an excellent option to offset the lack of skilled labour.
  • If you have more urgent needs: the new measure announced by the government is a golden opportunity to hire workers quickly.

For more tips on how to proceed, it’s always advisable to consult an international recruiting expert.

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21 May 2020

Raymond Chabot Grant Thornton is proud to be joining forces with Vena to offer a new, automated enterprise performance management (EPM) solution across the nation.

This tool will support processes relating to the planning and budgeting for the finance and operations divisions, the consolidation, analysis and reporting of financial information, and finance function management.

This partnership will enable the firm to offer small- and medium-sized businesses the opportunity to acquire a high-performance cloud-computing EPM solution at an affordable price. The solution modernizes budgeting and planning, shortens the closing cycle and monthly consolidation, accelerates the financial reporting process, and easily generates management reports and in-depth analyses.

David Mayrand, Management Consulting Partner, said: “This tool transforms traditional Excel reports into an optimal financial planning and analysis solution. Since Vena is an accessible platform that uses Microsoft Excel technology, our small- and medium-sized clients will benefit from less time spent on managing processes and creating financial reports. It will especially enable them to make better, faster decisions.”

The new partnership between Raymond Chabot Grant Thornton and Vena extends the group’s EPM solutions.

Our certified experts can help you find the best technology for your business and guide you throughout the process. Contact us now to learn how to optimize your financial performance.

For more information about Vena’s EPM solution, go to www.venasolutions.com.

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19 May 2020

Five Grant Thornton (GT) member firms have launched a new technology offering for global mobility services.

This application will help HR and international travel managers better manage the regulatory, tax and compliance issues that arise from a mobile workforce.

When employees accept an international assignment or are permanently transferred out of their home country for business reasons, their employer is required to provide support for ensuring continued tax compliance in addition to being responsible for the company’s obligations.

Our international mobility specialists are then called upon to inform organizations of the scope of tax, social security, benefits and human resource requirements they need to consider in order to ensure compliance and maximize their investments.

The new platform, developed jointly by GT member firms in the United States, the United Kingdom and the Netherlands as well as the Canadian member firms in Toronto and Montréal, equips clients by providing them with real-time monitoring, analyses and information on their international mobility programs (e.g. schedules, deadlines, follow-ups, dashboards, etc.).

Martin Caron, Senior Manager, Global Mobility Services at Raymond Chabot Grant Thornton says: “This new tool allows organizations with a mobile employee population and experts in the GT network to share information in real time, allowing them to better ensure compliance during international assignments.”

Caron adds: “For example, an employer can easily track the status of tax returns for employees deployed to China, the United States or Canada.”

Workers abroad also have access to the application and can use it, among other things, to file their tax documents. Each of the parties involved benefits from the application according to their role in the program, in a high-performance, easy-to-use and fully secure virtual environment.

Contact us for more information about our international mobility services or the new platform.

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28 Apr 2020

Updated September 28, 2021

To help businesses keep their workers through the challenges posed by the COVID-19 pandemic, the Government of Canada has introduced the Canada Emergency Wage Subsidy (CEWS). In addition, to encourage the hiring of new workers, the Canada Recovery Hiring Program (CRHP) has been introduced.

The CRHP provides eligible employers with a subsidy of up to 50% of the additional remuneration paid to eligible active employees between June 6, 2021 and November 20, 2021. An eligible employer can aim either the hiring subsidy or the CEWS for a particular qualifying period, but not both.

The CEWS will be offered until October 23, 2021. The maximum rate of CEWS was 75%, i.e. 40% for basic CEWS and 35% for top-up CEWS, until July 3, 2021. After that date, the CERS is gradually being eliminated.

Eligible employers can apply for the CEWS or the CRHP, or modify a previous claim, through the CRA’s My Business Account portal or the web form no later than 180 days following the end of the qualifying period. They must make every effort to submit or change a claim before the applicable deadline, but in some circumstances, the CRA may authorize a late (initial or changed) claim.

The deadline to claim the CEWS for Period 14 (March 14 to April 10, 2021) is October 7, 2021.

CEWS and CRHP applications for the August 1 to August 28, 2021 period (Period 19 of the CEWS and third period of the CRHP) can be submitted online as of September 1, 2021.

In addition to these wage subsidies, the Canada Emergency Rent Subsidy (CERS), offers eligible entities of all sizes and all industries that have experienced a revenue reduction direct support in relation to the cost of renting or owning a qualifying commercial property.

Our experts are trained to assist you in the analysis of the eligibility criteria for the CEWS and for the preparation of your application. They will be able to help you make informed choices, particularly as to the methods for calculating the income reduction test. With their advice, you can maximize the amounts claimed while limiting your risk of dispute in this regard. Don’t hesitate to contact your advisor to discuss it.

To learn more regarding this wage subsidy, please read our tax news, which is regularly updated.

You can also visit our section on financial support measures for businesses, which is regularly updated.