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Author: Colin Phillips, CPA Professional Corporation |
The Canadian government is announcing relief programs daily.
The latest is a 75% wage subsidy for small and medium-sized businesses called the Canada Emergency Wage Subsidy (CEWS). This appears to be enhancing the previously announced 10 percent wage subsidy, which is deductible from the payroll remittance.
They are also offering to guarantee bank loans of up to $40,000 that will be interest-free for one year.
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Author: Colin Phillips, CPA Professional Corporation |
TAX ALERT – Response to COVID-19
The government of Canada has implemented several measures to assist individuals and businesses in these unprecedented times. The official response plan can be found at https://www.canada.ca/en/department-finance/economic-response-plan.html. All information in this letter is current as of today. We will try to pass on new information as updates are available.
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Author: Colin Phillips, CPA Professional Corporation | | Categories: Accounting Firm , Accounting Services , Bookkeeper , Bookkeeping Services , Chartered Professional Accountant , Corporate Tax Services , Financial Statement Preparation , Income Tax Preparation , Personal Tax Services , QuickBooks Accounting , Small Business Accounting , Tax Accountant , Tax Planning , Tax Services
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