Important Updates – COVID-19 Support Measures
The Department of Finance has announced the end of the Canada Emergency Wage Subsidy (“CEWS”) and Canada Emergency Rent Subsidy (“CERS”) programs expiring October 23, 2021 and introduced two new programs for companies to assist with COVID-19 relief. This tax alert summarizes the COVID-19 measures impacted by the October 21, 2021, Finance Release. And details on the new Tourism and Hospitality Recovery Program and the new Hardest-Hit Business Recovery Program.
Please reach out to your Ford Keast representative if you have questions related to any of the above.