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Covid-19 | Guide

Government response plan for Canada, Québec, Ontario, British Columbia and Alberta

Fasken
Reading Time 2 minute read
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Last updated: June 19, 2020

In these unprecedented times, we guide you through the unknowns as the federal and provincial governments announce a series of  tax measures to further strengthen the economy in the wake of the ongoing pandemic.

This document serves as a reference guide for all the COVID-19 Tax and Financial measures for Canada, Quebec, Ontario, British Columbia, Alberta, and a number of cities and public entities. This information is continuously updated and applies to both individuals and businesses.

Canadian tax measures referenced in this tax guide (which includes conditions and new deadlines where applicable): 

For Individuals

For Businesses

For Corporations

Increase in Canada Child Benefit (CCB)

Mortgage support

Employment Insurance

Canada Emergency Response Benefit (CERB)

Temporary top-up to the salaries of workers deemed essential

Increased GST credit

Canada student loans

Canada Emergency Student Benefit

Other financial measures for students

Filing of income tax return for individuals

Filing of income tax return for individuals who operate an enterprise

Filing of income tax return for trusts

Income tax payment for individuals

Payment of income tax for individuals who operate an enterprise

Payment of income tax for trusts

Holders of a Registered Retirement Income Fund (RRIF)

Tax audits, verification and collection activities

Administrative Tax Measures

Notices of Objection

CCP/EI Appeals to the Minister

 Tac Court of Canada Procedures (TCC)

Canada Emergency Wage Subsidy (CEWS)

10% Temporary Wage Subsidy

Extending work sharing program

Cutting interest rates

Lowering the domestic stability buffer of risk weighted assets

Launch an insured mortgage purchase

Business credit availability program:

  • Development Bank of Canada (BDC)
  • Export Development Canada (EDC)

Loans to the agricultural industry

Access to Credit

Bank of Canada Actions

New Canada Emergency Business Account

New SME Loan and Guarantee program

Assistance for Tourism industry

BDC Support for Entrepreneurs

New Canada Emergency

Commercial Rent Assistance (CERA)

Orphan/Inactive Well Fund

Emissions Reduction Fund

Support through Canada's Regional Development Agencies (RDAs)

New COVID-19 Emergency Support Fund for Cultural, Heritage and Sport Organizations

Entrepreneurs, Innovators and Pre-Revenue Firms

 

 

Filing income tax return

Income tax payment

Payment of GST/HST

Payment of custom duties

Tax audits, verification and collection activities

Objection request

Administrative Tax Measures

Tax Court of Canada Procedures (TCC)

Transfer Pricing Relief

 

 

 


Download the updated PDF below to understand and determine all federal and provincial Tax and Financial measures

 

 Download our full brochure 

 

  

 

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