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The Law Society of Saskatchewan - The Law Society of Saskachewan's Practice Resources cover a number of legislative changes implemented under the declared state of emergency which will affect CPAs.
Update March 27, 2020
The federal government announced further measures to support businesses including:
- an increase to the wage subsidy to 75 per cent for qualifying businesses, up from the original 10 per cent. The new wage subsidy will be backdated to March 15
- deferring GST/HST payments, as well as duties and taxes owed on imports, until June. The latter is the equivalent of $30 billion in interest-free loans to businesses
- the launch of the Canada Emergency Business Account for banks to offer $40,000 in government-guaranteed loans, which will be interest-free for the first year and $10,000 will be forgivable