On April 11th, 2020, Bill C-14, the COVID-19 Emergency Response Act, No. 2 received Royal Assent. Part 1 of this Act amends the Income Tax Act to introduce an emergency wage subsidy. Part 2 amends the Financial Administration Act to provide that certain provisions of the Act, as enacted by the COVID-19 Emergency Response Act, cease to have effect on the day after September 30, 2020. It includes additional supports for Canadians under Canada’s COVID-19 Economic Response Plan.
To read Bill C-14 in full, please click here.