Many businesses don’t need to send the federal government a portion of employees’ income tax normally taken off of paychecks or worry about being audited in the near future, Canada announced as part of a new round of coronavirus-related measures.
Finance Minister Bill Morneau and Bank of Canada Governor Stephen Poloz revealed a host of new policies to stimulate the economy at a news conference in Ottawa March 18.
The federal government is deferring tax payments for individuals and businesses due this year, a move worth C$55 billion ($37.6 billion), Morneau said.
All businesses can defer until after ...
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