Federal measures responding to the coronavirus (COVID-19) pandemic have been implemented. These provisions include additional financial measures—including a temporary wage subsidy to help small businesses retain employees and the Canada emergency response benefit that offers financial support to affected individuals.
Canadian individuals and businesses need to review the new details of the federal government's COVID-19 relief plan.
As Canadians cope with disruptions caused by COVID-19, they may want to determine whether they may benefit from these new support measures. In particular, the changes may help certain businesses improve cash-flow or retain their employees.
Additional tax or economic changes may be implemented as needed. Some recent announcements related to COVID-19—such as tax filing and payment deadlines—are administered by the Canada Revenue Agency and, therefore, are not addressed by these new rules.
Read a March 2020 report prepared by the KPMG member firm in Canada
Read a prior March 2020 (18 March 2020) report about changes and considerations that employers may face as a result of the COVID-19 pandemic
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