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Canada: More details, federal government’s relief measures (COVID-19)

Canada: Federal government’s relief measures

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.

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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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