Last updated: August 27, 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):
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For Individuals |
For Businesses |
For Corporations |
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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:
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
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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
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Download the updated PDF below to understand and determine all federal and provincial Tax and Financial measures
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