Government of Canada Updates
This new government website includes
in a centralized location that Canadians can access on the novel Coronavirus, how to be prepared and how to limit the spread of the virus.
The Canada-U.S. border is now closed to non-essential travel.
Essential travel will continue. They recognize it is critical to preserve supply chains between both countries to ensure things like food, fuel, and life-saving medicines reach people on both sides. People who must cross the border for work, and trucking will not be impacted by this new measure.
For more details on all measures announced including more support for workers, Indigenous peoples, and Canadians across the country: please see the Prime Minister’s
This week, Prime Minister Justin Trudeau and Finance Minister Bill Morneau announced a stimulus package for Canadian businesses – large and small; Canadian workers and Canadian families. This new set of economic measures will help to stabilize the economy in light of the COVID-19 pandemic.
will provide up to $27 billion in direct support to Canadian workers and businesses, plus $55 billion to meet liquidity needs of Canadian businesses and households through tax deferrals to help stabilize the economy.
On March 18, after the government's new measures to help businesses affected by COVID-19 were announced, the Canadian Chamber of Commerce
released this statement
by President and CEO, Perrin Beatty. He recognized that these new measures are an important first step in dealing with the economic impacts of COVID-19, and they directly
reflect the input of business and workers.
He also recognized that businesses, particularly small businesses, are feeling severe pressure. Particularly important elements for small businesses include:
- Allowing all businesses to defer, until after August 31, 2020, the payment of any income tax amounts that become owing on or after today and before September 2020.
- The Canada Revenue Agency will not contact any small or medium Canada business to initiate any post assessment GST/HST or Income Tax audits for the next four weeks. For the vast majority of businesses, the Canada Revenue Agency will temporarily suspend audit interaction with taxpayers and representatives.
- Supporting small businesses that are facing revenue losses and to help prevent lay-offs, the government is proposing to provide eligible small employers a temporary wage subsidy for a period of three months. The subsidy will be equal to 10% of remuneration paid during that period, up to a maximum subsidy of $1,375 per employee and $25,000 per employer.
- Increasing the credit available to small, medium, and large Canadian businesses. As announced on March 13, a new Business Credit Availability Program will provide more than $10 billion of additional support to businesses experiencing cash flow challenges through the Business...READ MORE.