Tax Update: Canada Emergency Rent Subsidy (“CERS”) – Open for Application
The federal government’s Canada Emergency Rent Subsidy (“CERS”) opened for application on November 23, 2020. The CERS program replaces the Canada Emergency Commercial Rent Assistance program (CECRA) and is designed to subsidize businesses, charities and non-profits that have suffered a revenue drop due to COVID-19.
Ontario 2020 Budget – Tax Measures
On November 5, 2020, Ontario Minister of Finance Rod Phillips announced the province’s 2020 Budget. Highlights of the tax measures in the 2020 Budget are discussed below:
