1 December 2020
Canada has published the Act to amend the Income Tax Act (Canada Emergency Rent Subsidy and Canada Emergency Wage Subsidy), which received royal assent (was enacted) on 19 November 2020. The Act includes measures to provide targeted support for businesses hard-hit by COVID-19 and help them get through the second wave of the virus. As previously reported, the main measures are as follows:
For more information on these and other COVID-19 support measures, click the following link for Canada’s COVID-19 Economic Response Plan webpage.
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