Description:The COVID-19 outbreak poses an unprecedented risk to public health and safety. The response (including emergency measures, social distancing, and self-isolation) has been highly disruptive. This may be the “new normal” for some time.
There is a strong public interest in the protection of health and safety and in stabilizing the economy. The Prime Minister of Canada has announced an $82 billion aid package to help both works and businesses cope with the health crisis. Elements of these measures include massive government spending and deferred tax revenue.
The Government of Canada’s aid package is includes the following:
Canada’s COVID-19 Economic Response Plan which will provide up to $27 billion in direct support to Canadians to mitigate the economic damage caused by COVID-19.
Another $55 billion to help business liquidity through tax deferrals.
The Government of British Columbia has also announced a $5 billion COVID-19 Action Plan.Other responses such as the Vancouver Metropolitan Region Mayors’ Joint COVID-19 Proposal (including an expansion of the Provincial Property Tax Deferral Program) are evolving.
This webinar will provide a brief update on COVID-19 responses and related matters and may leave time for discussion on matters such as the following:
Income supports, wage subsidies, and other programs.
How to access programs.
Points of contact.
Tax related relief (e.g., waivers, remission, time extensions, appeals, etc.).
Panelists: Panel members include senior partners with a focus on tax and federal government programs.
Daniel Kiselbach – International Trade and Customs. Learn more.