CRA claws back $458 million in pandemic-era wage subsidies after partial audit. Shares of the miner have been stuck in a range of $7.50 to $8.50 since late October after Lithium Americas Argentina and Lithium Americas Corp. were listed on Oct. 4. Analysts have 15 buys, three holds and no sells on the stock and a 12-month target price of $25.77, according to Bloomberg.
Shares of the Montreal-based company jumped on board changes that an analyst at financial services company Stifel Financial Corp. described as indicating the company is 'truly being led towards a new chapter by an independent board.' Analysts have 12 buys, two holds and no sells on the stock and a 12-month target price of $24.77, according to Bloomberg. Investors continued to push up shares of the legal software company from their year-to-date low on Oct. 26 on earnings that beat revenue estimates, giving them an extra boost after Dye & Durham announced last week that it had begun a strategic review with the goal of selling 'non-core' assets
CRA Wage Subsidies Audit Pandemic Mining Company Shares
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CRA claws back $458 million in pandemic-era wage subsidies after partial auditThe Canada Revenue Agency has denied or adjusted $458 million in funds disbursed to employers through a pandemic-era wage subsidy program as a result of a partially completed auditing process.
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CRA Claws Back $458 Million in Wage Subsidies, Introduces Tax Change for Short-Term RentalsThe Canadian Revenue Agency (CRA) has recovered $458 million in pandemic-era wage subsidies after a partial audit. The government plans to implement a tax change that would prevent property owners from deducting expenses on short-term rentals in areas where such services are already restricted by other levels of government. This measure aims to address the issue of property owners disregarding local regulations. The shortage of available rental homes, particularly in British Columbia, has prompted the provincial government to introduce legislation to restrict short-term rentals on platforms like Airbnb, VRBO, and Expedia.
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Canadian government denies or adjusts $458 million in wage subsidy fundsThe Canadian government has denied or adjusted $458 million in funds disbursed to employers through a pandemic-era wage subsidy program as a result of a partially completed auditing process. The findings cover the period ending March 31, but the report also offers more up-to-date figures as of Sept. 29. The CEWS program subsidized businesses’ staff wages by 75% in hopes of encouraging companies to hold on to their employees during the COVID-19 pandemic. A report from auditor general Karen Hogan last year warned that thousands of businesses that received wage subsidies may not have been eligible for the program. Monday’s report finds the majority of employers that received the subsidy were highly compliant.
Source: nationalpost - 🏆 10. / 80 Read more »
Ontario man's CRA cheque stolen in mailAn Ontario man said a cheque he sent the Canada Revenue Agency (CRA) worth more than $10,000 for his maple syrup company was stolen in the mail.
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'A nightmare': $10K cheque sent to CRA stolen in mail, Ontario small business owner saysAn Ontario man said a cheque he sent the Canada Revenue Agency (CRA) worth more than $10,000 for his maple syrup company was stolen in the mail.
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CRA announces last-minute extension of underused housing tax deadline to April 30Gives taxpayers an extra six months to file forms and pay any amounts owing for calendar year 2022
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