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The fear of the economic impact of COVID-19 has taken hold of global financial markets as the number of confirmed cases unfortunately continues to increase. COVID-19 can affect every aspect of your business. The current uncertainty may seem overwhelming. However, make sure you have covered all of your bases.

Insights

A structured response to ensure business continuity

The fear of the economic impact of COVID-19 has taken hold of global financial markets as the number of confirmed cases unfortunately continues to increase. COVID-19 can affect every aspect of your business. The current uncertainty may seem overwhelming. However, make sure you have covered all of your bases.

Cybersecurity Issues

Given the current situation, it is important to discuss considerations for working from home securely amidst COVID-19 concerns. Remote workers have access to data, information, and network resources. This will attract imminent attention from bad actors. Expect an increase in phishing attempts, especially targeted attempts towards VIP credentials. Be wary of requests that break corporate policy. Read our capsule here.

Flexible measures for individuals and businesses

Flexible measures for individuals, corporations and certain trusts were announced by the Quebec government in response to the situation stemming from COVID-19. Have a look at our tax note here. 

Building a resilient cash management strategy

For a vast majority of companies in the current economic context, in addition to the uncertain moment of the possible recovery, effective cash management is essential. It may sound complex, involving huge spending on things such as information technology – but it doesn’t have to be this way. It is an effective strategy, to be implemented quickly. Read about it here.

Help for businesses: Canada Emergency Wage Subsidy

Assistance to help retain employees was announced by the Government of Canada: businesses will be able to benefit immediately from this support measure by reducing the income tax payments withheld from their employees' remuneration. Learn more here.

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Contacts

We are here to listen. To start the conversation, contact your KPMG team of professionals by emailing us at continuite@kpmg.ca.