ARTICLE · 13 APRIL 2020

COVID-19 Federal Economic Relief Measures

McLennan Ross LLP

Over the last few weeks, the Federal Government has announced several measures to support Canadians and Canadian businesses through the economic turmoil ...

CanadaCoronavirus (COVID-19)

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This article has been updated as of June 12, 2020.

Over the last few months, the Federal Government has announced and implemented several measures to support Canadians and Canadian businesses through the economic turmoil associated with the COVID-19 pandemic. These measures are primarily intended to help with business liquidity in the short term so they can survive through the pandemic and to encourage job retention of employees.

Below is a list of the measures announced by the Government that we believe will be most relevant to our clients.

Filing Deferrals offered by the CRA:

Filing deadlines for personal and corporate returns and administrative actions were deferred until June 1. However, no late-filing penalties will apply so long as the return is filed by September 1, 2020. Any balances owing related to these returns are also due September 1, 2020. The deadline for certain Objections is June 30.

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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

COVID-19 Federal Economic Relief Measures

This article has been updated as of June 12, 2020.

Filing Deferrals offered by the CRA:

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