CORONAVIRUS NOTICE #12

I would first like to thank and congratulate you for the important work you do for Canadian investors. We are recognized as an essential service by the governments and your work and advice and your presence for your clients is an inspiration to us.

From an employee standpoint, we end our second week of 100% telework. Our 138 employees are all safe and continue their work, from their homes. We have transformed PEAK from five offices to more than 138 PEAK work sites!

I would personally like to thank them all, our heroes. Heroes that ensure that business continues and who ensure that all the work is completed on your behalf.

For those who have not yet done so, I would like to remind you to fill out the questionnaire which we had sent you yesterday. It will only take you a few minutes, and in the end, it will give us the opportunity to assist you best in these difficult times.

Some of the information requested may seem redundant or mundane, yet it is important to help us validate certain data.

Our daily communique will return on Monday. I wish you all a very peaceful and serene weekend, notwithstanding the current situation. Without a shred of doubt, this is a difficult period. However, I sincerely believe that we will come out of this period better for it and that society will also experience a positive change.

Meanwhile, let us together continue to respect the public health guidelines concerning isolation and social-distancing measures.

Sincerely

Robert Frances
President and CEO

CANADIAN GOVERNMENT COVID-19 PLAN 

CHANGES AFFECTING THE 2019 TAX SEASON

Following the announcement of Canada’s COVID-19 Economic Response Plan: Support for Canadians and Businesses, we would like to inform you of the changes affecting the 2019 tax season.

1. For individuals (other than trusts), the return filing due date will be deferred until June 1, 2020.
   • However, individuals who expect to receive benefits under the GSTC or the Canada Child Benefit not to delay the filing of their return to ensure their entitlements for the 2020-21 benefit year are properly determined.
   • Payments on any taxes owing are deferred until September 1, 2020.
2. The deadline for trusts, partnerships and non-resident (NR4) information returns are all extended until May 1, 2020.
   • Please note that this measure also affects the due dates for filing T3/RL16 and T5013/RL15 slips which would normally have been due March 31, 2020.
   • This also affects the due dates for any NR4 slips that are associated with ETFs.

Rest assured that PEAK is working diligently to produce all tax slips as soon as possible. Please note the following revised target dates:

• T3/RL16/NR4: week of April 6
• T5013/RL15: week of April 13
• PEAK’s Tax Package: week of April 20 (only for securities advisors)
• T1135: week of March 30

FINANCE DEPARTMENT

ADVISORS’ DIRECT DEPOSITS COMPLETED

We would like to inform you that the pay process was successfully completed this morning and all files have been sent to the financials institutions for payment.

As usual, the deposit to your financial institution will be made on or before March 31, 2020.

CORONAVIRUS SUMMARY PAGE

In order to consolidate all PEAK information regarding the Coronavirus, we have created a temporary Web page.

COVID-19 page