Here's what small businesses need to know about the government's COVID-19 hardship measures

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Many small businesses, along with non-profits and charities, in Canada may be particularly hard-hit by the financial fallout of COVID-19 and may experience a significant loss of revenue. This week, the government passed legislation to put into place a variety of measures to help individual Canadians and businesses facing hardship as a result of the COVID-19 outbreak. Among the measures was a temporary wage subsidy program for employers, a new loan program for businesses, and deferred payment deadlines for income tax and GST/HST.

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Original Article Source Credits: business.financialpost, https://business.financialpost.com/

Article Written By Jamie Golombek

Original Article Posted on : March 27, 2020

Link to Original Article: https://business.financialpost.com/personal-finance/taxes/heres-what-small-businesses-need-to-know-about-the-covid-19-wage-subsidy-program



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