With the introduction of Bill C-2 by the federal government, to implement recently announced changes to its COVID-19 business and worker support programs, including extensions to CEWS, CERS, the Canada Recovery Hiring Program, and other eligible support and subsidy extensions, you may be asking, what does it all mean? Essentially, Bill C-2 amends certain provisions of the Income Tax Act, and while more information will be announced as it becomes available, we’re here to help explain along the way.
https://www.cpacanada.ca/en/business-and-accounting-resources/taxation/canadian-tax-news
