ARTICLE · 27 APRIL 2020

COVID-19 Alberta's Economic Relief Measures

McLennan Ross LLP

Following the publication regarding the Federal Economic Relief Measures, we would like to provide this update in light of the Alberta government's economic measures announced on March 18th.

CanadaCoronavirus (COVID-19)

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Following the publication regarding the Federal Economic Relief Measures, we would like to provide this update in light of the Alberta government's economic measures announced on March 18th. Many of the Alberta measures mirror their Federal counterparts or are intended to act as a "back-stop" until the Federal relief measures are implemented.The Alberta-specific relief measures are:

Alberta will be deferring corporate income tax balances and instalment payments between March 19 and August 31.
Utility charges for residential, farm and small commercial customers may be deferred for up to 90 days.
Personal banking customers of ATB financial can apply for a deferral on their ATB loans, lines of credit and mortgages for up to 6 months.

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COVID-19 Alberta's Economic Relief Measures

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