Tax Measures Under Canada’s COVID-19 Economic Response Plan

Reader Alert: on April 11, 2020, the Government of Canada passed Bill C-14, enacting the CEWS, a 75% employer wage subsidy. More detailed tax commentary on CEWS can be found here and a more comprehensive summary of this measure can be found here.[8][9]

Since March 18, 2020, the Government of Canada announced a series of tax and economic measures under Canada’s COVID-19 Economic Response Plan[10] (the “ResponsePlan”) to support the Canadian economy during the COVID-19 global pandemic. The Response Plan is designed to help stabilize the Canadian economy, and includes measures to assist both individuals and businesses through direct transfers, tax deferrals, and measures to ensure businesses continue to have access to credit.

On March 25, 2020, the Government of Canada passed Bill C-13, An Act respecting certain measures in response to COVID-19 (“Bill C-13”) to implement the Response Plan measures.

The original Response Plan has since been supplemented by measures announced on March 20, 2020 (“Additional Measures to Support Continued Lending to Canadian Consumers and Businesses[11]”), and on March 27, 2020 (“Additional Support for Canadian Businesses from the Economic Impact of COVID-19[12]”).

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