6th April 2020
The Canadian and Ontario governments have pledged over $124 billion to fight the COVID-19 pandemic. MSI's Canadian accounting member Hogg, Shain & Scheck Professional Corporation provides an overview of the programs and initiatives which are geared towards keeping the economy moving by assisting businesses, the public sector and individuals through these challenging times by alleviating cash flow pressures many are facing.
Both levels of government’s economic measures aim to achieve this goal through:
In many cases, the logistics of the programs and initiatives, such as how funds will flow or how application processes for wage subsidies will work, are still being developed. We will update our newsletter as the plans are fleshed out.
However, given the large volume of announcements made to date, we wanted to provide an easy to follow summary of the key economic initiatives announced through March 30, 2020. The summary is separated by businesses, charities/NPOs and individuals so you can hone in on the measures meant for you.
Download and view the comparative overview >>
Hogg, Shain & Scheck is an accounting firm that proudly offers professional accounting services in Toronto, Ontario.
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