Canada has published the Act to amend the Income Tax Act (Canada Emergency Rent Subsidy and Canada Emergency Wage Subsidy), which received royal assent (was enacted) on 19 November 2020. The Act includes measures to provide targeted support for businesses hard-hit by COVID-19 and help them get through the second wave of the virus. As previously reported, the main measures are as follows:
- The new Canada Emergency Rent Subsidy (CERS), which provides direct and easy-to-access rent and mortgage…