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Canada’s Wage and Rent Subsidy Programs - 5 CEWS/CERS Common Error and Audit Tips

  • Accountant
  • CPA (CA)

Published: September, 2022

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Before starting this self study program, please go through the instructional document.

  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Overview

  • Wage subsidy statistics
    4 mins
  • Canada recovery hiring program (CRHP)
    12 mins
  • Delay to provide information
    20 mins
  • Importance of acting at the audit level
    27 mins
  • Frequent errors to be expected under CECRA
    39 mins

Course Description

This CPD course is for Canadian CPAs only!

As a business, charity, or non-profit in Canada that has been affected by the COVID-19 pandemic, you may be eligible for one or more subsidies to cover part of your wage and rent expenses.

Did you take advantage of the Canadian COVID Relief Programs?

In response to the COVID-19 pandemic, the Canadian Government introduced the Canada Emergency Wage Subsidy (CEWS). It subsidizes a portion of an employee’s wages to eligible employers. The purpose of the CEWS is to allow employers to maintain their employees on the payroll during the pandemic, prevent job loss, and create new employment opportunities.

CERS is a new program to support Canadian businesses affected by the COVID-19 pandemic and replaces the now-expired Canadian Emergency Commercial Rent Assistance (CECRA) program. CERS will provide rent support directly to tenants.

Canada Revenue Agency is starting to audit these claims. With the help of this CPD webinar, learn about the main areas where claimants made errors and tips to navigate the audits effectively.

Learning Objectives

  • To inspect CRA’s approach to verifying COVID Relief Program claims.
  • To analyze data and documentation that will be examined.
  • To review the main errors and mistakes that CRA will focus on.
  • To discuss the tips for navigating the audits with CRA.

Recommended For

  • This CPD Webinar is recommended for Canadian CPAs and other professionals who want to understand Canada’s wage and rent subsidy programs.

Who Should Attend?

  • Auditors
  • Certified Fraud Examiner
  • Certified Management Accountant (CMA)
  • Certified Public Accountant (CPA)
  • Chartered Financial Analyst
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Fraud Examiner
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 1 General Credit of Business Law for Accountant/Bookkeeper/Tax Professionals
  • 1 CPD Credit of Business Law for Chartered Professional Accountant (CPA Canada)

Additional details

  • Course Level :
    Basic
  • Credits :
    1
  • Instructional Method :
    QAS Self Study
  • Pre-requisites :
    None
  • Advance Preparation :
    None

Presenter

About Presenter

Boutaina Laraqui

Sr.Consultant, BDO Canada LLP

Boutaina is a senior consultant with BDO Canada’s Indirect Tax Controversy team helping clients navigate complex and challenging assessments and audits with the tax authorities. Boutaina has specialized in tax litigation for more than 7 years and is committed to defending the rights of the taxpayers.

Boutaina was sworn in as a lawyer in September 2021 and is currently completing her Master’s degree in Tax at Sherbrooke University.

About Company

BDO Canada LLP

www.bdo.ca

What grew to be a leading provider of professional services to clients across Canada and beyond started as a single entrepreneur with a dream. BDO knows the challenges small businesses face, the growing pains of the mid-market, and what it means to become an enterprise, because that’s how the firm transformed over the last 100+ years.

Our teams deliver a comprehensive range of assurance, accounting, tax, and advisory services, complemented by emerging technology savvy, deep industry sector knowledge, and an understanding of the needs of local communities. As Canadian markets shifted over time, we adapted and evolved with them—offering a breadth of services to support the ever-expanding business landscape.

After years of national and international growth, our global BDO network positions us to provide consistent cross-border services to clients with global needs. With over 90,000 people working out of more than 1,600 offices in over 160 countries, the network generates worldwide revenue approaching $10.3 billion.

Our people-first approach to our talent experience has earned us multiple awards, including a spot among Canada’s Top 100 Employers for 2022

Faq

FAQs content

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Ratings and Review

4.1

29 Ratings

Excellent

6

Very Good

21

Average

2

Poor

0

Terrible

0

KM

Kelsey Mah, CIA

Jul 6th, 2022

Great!

AA

Angela Alfieri, CPA (CA), CA - ICAEW

Jul 6th, 2022

Pertinent info covered in an appropriate amount of time was well appreciated.

UB

Ullas Bassi, CPA (CA)

Jul 6th, 2022

It was a goo informative program but with some example it can be more better.

IL

Ife Lawrence, CPA (CA)

Jul 6th, 2022

The webinar was enlightening and insightful.

SP

Shantu Parmar,, CPA (CA), CPA (US)

Jul 6th, 2022

Value for time!!

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