Practical perspectives for contemporary legal challenges.
On April 24, 2020, The Canadian Federal Government provided some details about the new Canada Emergency Commercial Rent Assistance program (CECRA) for small businesses and commercial landlords. The CECRA was announced on April 16, 2020 to provide relief for small business tenants and, in some respect, landlords. Under the CECRA, the Federal Government will offer …
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While it may not have been easy, it was at least tolerable for a few weeks sheltering in place with your spouse in the middle of your divorce. However, as the shelter in place orders have extended in many cases into May, it has become more difficult and hard to see the light at the …
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In light of COVID-19, the Canadian government is offering financial relief by way of various forms. Relief includes, but is not limited to the following: Wage Subsidy Program. The federal government is offering a 75% wage subsidy to all eligible employers of up to $847 per week from March 15 – June 6. Employers must show …
On April 23, 2020, the Small Business Administration (“SBA”) issued additional guidance (in an update to its previously published FAQs, a current version of which can be found here) regarding whether businesses owned by large companies qualify for a Paycheck Protection Program (“PPP”) loan under Section 1102 of the Coronavirus Aid, Relief, and Economic Security Act …
The Coronavirus Aid, Relief and Economic Security Act (“CARES”), and IRS and Department of Labor (“DOL”) rules establish new and revised deadlines for retirement plans and other benefit programs. The following is an outline of key dates: Item Date Paid Leave Effective date for paid sick and childcare leave under Families First Coronavirus Relief Act …
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The Coronavirus has affected the lives of virtually every routine social interaction. Millions have lost jobs or are facing an uncertain financial future. The virus’s ravages have also spread into the family law arena. Long-standing custody agreements are suddenly unraveling and, simultaneously, many of the courts are not open to address the new and unforeseen …
Over the past several weeks, we have seen the gaming industry scramble to gain inclusion in relief under the hastily passed Coronavirus Aid, Relief, and Economic Security Act of 2020 (“CARES”), including the Paycheck Protection Program (“PPP”). CARES was designed to assist businesses and furloughed employees in their efforts to tread water until the pandemic …
The Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) offers tax relief which may be beneficial to entities taxed as partnerships. These provisions include (i) retroactive relief for entities taxed as partnerships by temporarily increasing the interest deduction limitation from 30% to 50% of adjusted taxable income, and (ii) clarifying that “qualifying investment property” …
One of the most common question family law attorneys have been receiving is whether parents who live separate and apart must still comply with parenting orders during the pandemic. The short answer, even before most states and counties announced guidelines, is yes. Many states and counties now have specific guidelines regarding custody orders and you …
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If your loved one recently died with a taxable estate, you might consider using an alternate valuation date to reduce estate tax. A Federal Estate Tax Return Form 706 is due 9 months after date of death, and tax is due on an estate with assets that exceed $11.58 million in 2020. An individual’s assets …
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