COVID-19

Message from the CEO,
 

As we begin to watch our province re-open, we are enthused about seeing the economy start to recover as businesses begin to open and more employees are able to work, all while implementing new protocols. It will continue to be so important to maintain social distancing, and put the health and wellness of our community at top of mind.

CPA Saskatchewan continues to monitor the situation. We understand that COVID-19 has had a direct impact on every single one of our members and we are committed to providing you with resources and access to information. Our website remains updated with upcoming webinars, resources and guidelines for use during this unprecedented time. We are pleased to have recently added several webinar options for the spring that can be found on our Events Calendar.

As part of our legislated mandate, we will continue to enforce all regulatory and compliance matters as we strive to uphold our commitment to protection of the public. As we continue through the spring renewal process, we recognize that our members are facing uncertain times and we are committed to remaining flexible in dealing with the circumstances that will arise during this difficult time.

The health and wellness of our members is so important. CPA Assistis a program for members, candidates and their immediate families to access resources such as, articles, webinars and counselling. We encourage you to visit the website for more information.

Shelley Thiel, FCPA, FCA

CPA Saskatchewan Initiatives, updated September 17, 2020
 

Office Closure

Our CPA Saskatchewan office in Regina is currently closed until further notice. We will continue to provide our services as our staff work remotely. All of our staff can be reached via e-mail or phoning the main office line. Please don't hesitate to contact us. Our website will have the most current information on when our office doors will re-open.

Bankruptcy Resources

When a member needs to claim bankruptcy their designation is not cancelled. The process involves providing a written submission with rationale of your situation that is provided to the Registrar. Either the Registrar or the Registration Committee will advise of conditions on your registration as a member as stated in Board rule 322.1 below. Once the conditions have been it met it can be removed.

Bylaw 22.1 A registrant shall advise the Institute, in writing, within thirty (30) days if the registrant:

  (a) has made an assignment or a proposal pursuant to the Bankruptcy and Insolvency   Act (Canada);

  (b) has been served with a petition pursuant to the Bankruptcy and Insolvency Act (Canada);

  (c) has been found guilty of violating the provisions of the Bankruptcy and Insolvency Act (Canada), notwithstanding whether said registrant has filed or may file an appeal;or

  (d) has had any judgment or enforcement charge issued against the registrant by a court in Canada relating to a debt in an amount exceeding one thousand dollars ($1,000) which has remained unsatisfied for a period of fifteen (15) days from the date of the personal service of a filed copy of the judgment or enforcement charge.

Board rule 322.1 Further to Bylaw 22.1, a registrant shall have the following conditions on his registration:

  (a) The registrant shall file a quarterly report with the Institute as filed with the Trustee in Bankruptcy;

  (b) The registrant shall request that the Trustee in Bankruptcy shall notify the Institute when the member is discharged under The Bankruptcy and Insolvency Act (Canada); and

  (c) A notification to the employer of the registrant of the filling under The Bankruptcy and Insolvency Act (Canada) and copy the Institute on said notification.

LinkedIn for Small Business

CPA Saskatchewan has developed a new, Small Practitioners LinkedIn Group to allow small practitioners in Saskatchewan to share resources, ideas, tips and best practices and access CPA Saskatchewan resources for small practitioners. Request to join the group here. Please note that the Small Practitioners Group is restricted to small practitioners within the province of Saskatchewan.

CPA Assist

For those who may be experiencing high levels of stress or anxiety during this challenging time, remember that the profession’s CPA Assist program is available for all Saskatchewan CPAs, candidates, and their immediate family members. This includes a confidential support line, by calling 1.855.596.4222, as well as crisis support available 24/7. For more additional information CPA Assist.

CPA Assist is sharing some external resources and Webinars that may be of interest to our members:

Tactics for Maintaining Mental FitnessDuring the COVID-19 Pandemic

Upcoming webinars:

November 5 - Managing Stress While Caring for Aging Parents 

CPA Saskatchewan Remote Work Tips

View CPA Saskatchewan's remote work tips for professional accountants here.

While working from home it is important to ensure security and privacy. The Office of the Privacy Commissioner of Canada and the Office of the Saskatchewan Information and Privacy Commissioner have some security tips.

CPA Certification Program
 

The latest information on how COVID 19 is impacting candidates in the CPA Certification Program including frequently asked questions (FAQs) about education and practical experience are provided through the following links:

CPA Canada

CPAWSB

CPA Canada Resources, updated August 24, 2020

CPA Canada is striving to keep you informed of any new developments as they arise. Their website is updated regularly with the most up to date information.

For the latest information visit CPA Canada.

COVID-19 Financial Literacy Resources

Federal Government Tax Updates

Information Resources

Covid-19 Updates

Community Connect Network

CPA Canada CARES about you and your finances. Get the financial resources and materials needed to help you cope or alleviate stress during this uncertain time, with the help of CPA Canada's curated COVID-19 Aid and Recovery Education (CARE) packages.

What do you CARE about?

(click on the package that applies to you)

I CARE about…

Small Business CARE Packages

I CARE about…

Show you CARE!

  • Pass along these CARE packages to your colleagues, family, friends, or anyone in need.
  • Share on your social media platforms by using the hashtag #CPACARE (click here to download ready-to-use social media templates).
Provincial Government Resources, updated August 13, 2020

The Re-open Saskatchewan Training Subisty (RSTS) has been extended to December 31, 2020. This program provides a 100% reimbursement up to $10,000 for businesses to train employees, and support the safe re-opening of businesses in accordance with the Re-Open Saskatchewan Plan. Extending the application deadline allows employers to access training and participate in the safe re-opening of the Saskatchewan economy. Please find more information here.

Re-Open Saskatchewan Plan

Saskatchewan Small Business Emergency Program

Support for Businesses and Workers

Government of Saskatchewan

Saskatchewan Health Authority

Provincial Government News Releases
 

Federal Government Resources, updated September 29, 2020

New T4 Reporting Requirements - Members that are responsible for payroll and do not use a payroll service will find the new T4 reporting requirements on the CRA's Information for Employers page.

The Government of Canada recently introduced a program for essential businesses that are having trouble sourcing Personal Protective Equipment for their workers. Information re. this program can be found in the second PDF attachment. Please find more information here.

Canada Emergency Commercial Rent Assistance

OPC Privacy Framework

Support for Students and Recent Graduates

Canada Emergency Response Benefit

Canada Emergency Wage Subsidy

Support for Businesses

Health Canada

Federal Government information on COVID-19

Department of Finance Economic Response

CRA COVID-19 Response
 

Other Resources & Information, updated May 13, 2020

While the spread of the virus is concerning, it is important to use credible sources and not spread fear unnecessarily. Stay up to date by referring to these reliable sources of information:

Saskatchewan Chamber of Commerce

Accounting Standards Board

Saskatchewan Public Library Information Webinars Anyone with a valid Saskatchewan library card can access these free webinars.

World Health Organization

SREDA Resource List of COVID-19 Programs for businesses and employees

Economic Development Regina COVID-19 Information and Resources

Saskatchewan Chamber of Commerce COVID-19 Business Preparedness

The Law Society of Saskatchewan