KNOW ABOUT COVID-19
Keep yourself home Quarantined
The coronavirus, or COVID-19, is inciting panic for a number of reasons. It’s a new virus, meaning no one has immunity, and there is no vaccine. Its novelty means that scientists aren’t sure yet how it behaves they have little history to go on.
It’s likely that the Coronavirus Disease (COVID-19) originated in an animal species, and then spread to humans.Person to person spread of the novel corona virus is reported, but it is not yet understood how easily this happens.
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Get the latest updates on COVID-19-related tax concerns, as well as the usual tips and insights on various tax topics.
Resources & Guides
Some of the relief measures implemented by the Canadian government involve complex rules and requirements. Before you take advantage of any of these relief measures, talk to a Canadian tax lawyer first to gain a better understanding of which relief measure fits your need.
Frequently Asked Questions
The Canadian government’s regional development agencies (RDAs) are currently providing programs (tailored depending on different provinces), as well as their services and insights and information to help alleviate the challenges experienced by businesses due to COVID-19. Then there’s the Canada Emergency Wage Subsidy (CEWS), a wage subsidy program that’s offered until June of 2021.
All employers in Canada are eligible, except for public sector entities like hospitals, schools, municipalities, and Crown corporations. You have to have experienced a significant decrease in business revenues in order to qualify.
If you’ve lost income due to the pandemic, you can apply to the Canada Emergency Response Benefit (CERB). To qualify, you need to provide proof that you’ve not received income for at least 14 days because of COVID-19.