NEW SMALL BUSINESS UPDATES

Wage Subsidy

  • Previously 10% to be increased to 75% and backdated to March 15, 2020

Government Guarantee Bank Loans 

  • Up to $40,000 for small businesses which will be interest-free for the first year

  • To qualify, need to demonstrate they paid between $50,000 to $1 million in total payroll in 2019

  • Repaying the balance of the loan on or before December 31, 2022 will result in loan forgiveness of 25 percent (up to $10,000)

  • Small businesses can apply for these loans at their respective institutions

GST/HST Payment Deadline

  • GST and HST payments, as well as duties and taxes owed on imports, will be deferred until June 30

DETAILS TO COME MONDAY MARCH 30 

Wage Subsidy

  • 전에 발표가된 10% 는 75%로 늘린다. March 15, 2020 부터 낸급여에 적용이 될것이다 

Government Guarantee Bank Loans 

  • 스몰비즈니스 위한 대출 - 최대 $40,000 대출 1년간 무이자 

  • 대출 해당사항은 2019 Gross Payroll이 $50,000-$1 million 했어야한다 

  • 대출을 12월 31일 2022년 전까지 갚으면, 대출에 25% (최대 $10,000) 은 안갚아도 될수있다

  • 각자쓰는 은행에서 신청을 할수가있을것이다 

GST/HST Payment Deadline

  • GST and HST payments, duties and taxes 6월 30일 까지 안내도된다 

​월요일 3월30일에 자세한 사항이 발표될예정입니다.

PARK & COMPANY

Suite 300 4838 Richard Road SW Calgary, AB | 403 252 1588 | tax@parkcompany.ca