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Emergency 4 ita
Emergency 4 ita





emergency 4 ita

Our Firm’s past commentary on the CEWS can be found here, here, here, here, here and here. It will be administered by the Canada Revenue Agency (“ CRA”), and will provide direct rent and mortgage support on a sliding scale, covering up to a maximum of 65% of eligible expenses, with an additional 25% “lockdown support” top-up potentially available where public health restrictions apply.īill C-9 can be found here, and the news release and backgrounders relating to the legislation can be found here, here, here and here. Bill C-9 amends the Income Tax Act (Canada) (the “ ITA”) to (i) implement previously announced changes to the existing Canada Emergency Wage Subsidy (“ CEWS”) program, and (ii) establish the new Canada Emergency Rent Subsidy (“ CERS”) program.Īs described more particularly below, the CERS is intended to provide support to qualifying renters and property owners retroactive to September 27, 2020. Bill C-9 received Royal Assent on Novemand is now law.

emergency 4 ita

On November 5, 2020, the government of Canada (the “ Government”) tabled Bill C-9, An Act to Amend the Income Tax Act (Canada Emergency Rent Subsidy and Canada Emergency Wage Subsidy), in the House of Commons.







Emergency 4 ita