What you need to know:
- The 2021 budget proposes to extend the wage subsidy, rent subsidy and containment support measure until September 25, 2021.
- Budget 2021 proposes to enhance the Canada Small Business Financing Program by increasing its annual funding by $560 million, supporting approximately 2,900 additional small businesses.
- The 2021 budget will impose a 1% annual tax on non-resident and non-Canadian homeowners on their vacant or underutilized residential real estate from January 1, 2022.
For the full budget: budget-2021-en
For questions about existing programs for businesses, and for emergency financial assistance, you can contact our expert, Gustave Legault-Brousseau, CPA, CMA, Senior Financial Analyst at Amyot Gélinas at 819 326-3400, ext. 3472 or at glegault-brousseau@amyotgelinas.com.
If you have any questions about your company’s compliance, the commodity tax team at Amyot Gélinas, s.e.n.c.r.l. will be happy to help. Telephone: 450 971-1550 ext. 3321. Email us at STHERRIEN@AMYOTGELINAS.COM
