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COVID-19 — Canada seeks changes to relief measures

COVID-19 — Canada seeks changes to relief measures

More employers may be eligible for the 75% Canada Emergency Wage Subsidy following recent proposed changes to the eligibility requirements.

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The government's proposed changes, which have only received first reading as a legislative bill and may be revised before they are passed, allow employers with paymaster arrangements to qualify for the 75% Canada Emergency Wage Subsidy and provide that certain legislative and regulatory time limits cannot be extended past December 31, 2020. In addition, the rules propose new penalties for applicants who make false or misleading claims for the Canada Emergency Response Benefit (CERB), among other changes.

It's not yet clear when these proposals could be enacted, as the bill does not currently have enough support to pass under Canada's current minority government. It is also unclear whether there may be further changes to this legislation before it passes into law.

Download this edition of the TaxNewsFlash to learn more.

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