Also last week, Bill C-9 received Royal Assent. The Bill includes:
The government reaffirmed its intention to formalize rent payable as an eligible expense, for purposes of the CERS, as of September 27, 2020. Qualifying businesses will be able to take advantage of the rent subsidy on this basis as soon as the application portal is launched.
Should you have any questions or feedback, please reach out to myself or the team. As always, we are here to help and support you.
Caveat: The information in this publication is current as of the time it was written. This publication has been carefully prepared, but it has been written in general terms and should be seen as broad guidance only. The publication cannot be relied upon to cover specific situations and you should not act, or refrain from acting, upon the information contained therein without obtaining specific professional advice. Please contact Deuzeman & Associates to discuss these matters in the context of your particular circumstances. Deuzeman & Associates does not accept or assume any liability or duty of care for any loss arising from any action taken or not taken by anyone in reliance on the information in this publication or for any decision based on it.
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