The Government of Canada recently released its COVID-19
Economic Response Plan pursuant to which a number of economic
measures will be implemented during the COVID-19 outbreak. Stikeman
Elliott has provided a general overview of the impending changes to
taxation, available
here. This update will cover taxation
and related aspects that arise from Alberta-specific measures taken
by the Government of Alberta.
Corporate Income Tax
To support corporations, given anticipated cashflow shortfalls
as a result of the COVID-19 outbreak, Alberta corporate income tax
balances and instalment payments coming due between March 18, 2020
and August 31, 2020 may be deferred until August 31, 2020. The
Alberta government has made this tax deferral available to all
corporations that are subject to Alberta corporate income tax, in
an effort to ensure that they can better address liabilities and
continue operations over the next several months. Further, the
Alberta government indicated
