The province is not charging interest or penalties for the late filing or remittance of most provincially administered taxes through to August 31st, 2020. Eligible taxes of relevance include the Employer Health Tax, Insurance Premium Tax, and the Retail Sales Tax on Insurance Contracts and Benefit Plans. Late filing businesses will have the fine automatically waived and do not need to contact the Ministry of Finance. Benefits to members vary based on their individual tax profiles.
Average Brokerage = No direct financial savings, but added flexibility for filing and payment needs