| | | March 2020 | Temporary wage subsidy for employers
Rosa Maria Iuliano, M.Acc, CPA, CA, is a partner at Baker Tilly Ottawa | As part of the Government of Canada’s response and commitment to supporting businesses during the COVID-19 pandemic, a Temporary Wage Subsidy for employers (lasting a period of three months) was announced on March 18, 2020. The details of this subsidy have now been released, but they are subject to legislation being passed by the government in the coming days.
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Baker Tilly Canada periodically publishes Tax Flash for its clients and associates. It is designed to highlight and summarize the continually changing tax and business scene across Canada. While Tax Flash may suggest general planning ideas, we recommend professional advice always be sought before taking specific planning steps. |
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