https://l7346d.p3cdn1.secureserver.net/wp-content/uploads/2020/12/Highlights-of-the-2020-Federal-Fall-Economic-Statement@1000px-40.png?time=1686320288 563 1000 Heuchert Financial https://l7346d.p3cdn1.secureserver.net/wp-content/uploads/2020/05/heuchertLogo.png Heuchert Financial2020-12-07 15:42:082020-12-07 19:20:41Highlights of the 2020 Federal Fall Economic Statement | Additional $20,000 CEBA loan available now
Highlights of the 2020 Federal Fall Economic Statement | Additional $20,000 CEBA loan available now
Finance Minister Chrystia Freeland recently provided the government's fall economic update. It included information on the government's strategy for dealing with the COVID-19 pandemic and its plan to help shape the recovery. We've summarized the highlights for you: • Corporate Tax Changes, including extensions to subsidy programs. • Personal Tax Changes, including additional Canada Child Benefit Plan payments and a new "Work from home" tax credit. • Indirect Tax Changes, including the proposal to charge GST/HST on services provided via digital platforms, as well as the temporary removal of GST/HST on face masks and shields. For business owners, as of December 4th, the CEBA loan has been expanded by an additional $20,000.