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

Measures for businesses

  • Payments on all government loans and small business fees (including business renewal fees and workers compensation premiums) are deferred until June 30, 2020.
  • Nova Scotia’s hotel, motel and inn operators will receive assistance with their commercial property tax. The program[132], which opens on November 16, 2020, will provide the qualified operator a 25% rebate on payment of 2020-21 commercial property tax. To qualify, an operator must have incurred a year-over-year revenue loss for room accommodation of greater than 30% during the period from April 1, 2020, to October 31, 2020. Alternatively, if the business was not in operation before April 1,2020, they must demonstrate a lower than 50% occupancy rate since opening their business.

Measures for individuals

  • Employees and self-employed workers who have been laid off or lost their jobs and earnings due to COVID-19, but are not eligible for EI, may be eligible for the Worker Emergency Bridge[133]. The Worker Emergency Bridge is a one-time $1,000 payment for individuals who earn an annual income between $5,000 and $34,000 and have applied or plan to apply for CERB.

Ontario Tax Measures

On March 25, 2020, the Government of Ontario released Responding to COVID-19 (March 2020 Economic and Fiscal Update[134]), which will make $10 billion available to support individuals and businesses through tax and other deferrals:

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