Blog
Tariffs, Trade Wars, and Temporary Relief: How Work-Sharing Saved Canadian Jobs
In the wake of the ever-escalating “trade war” between the United States and Canada, Canadian industries are facing mounting economic pressures. The imposition of these tariffs highlights the vulnerability of Canadian workers to trade policy, and the direct impact of these tariffs on everyday working Canadians. As a response, the Canadian government imposed an expansion of the federal Work-Sharing Program (the “Program”) under the Employment Insurance Act.
CRA Clarifies Reporting for Employment Settlements
In 2023, the federal government broadened the scope of reportable transactions under mandatory disclosure rules, sparking considerable concern among employment lawyers about how these changes might affect settlement agreements involving general damages and the associated reporting requirements to the Canada Revenue Agency (CRA). This article provides an update on these concerns in light of the federal government's recent clarifications.