With the Speech from the Throne delivered on September 23rd, 2020, the minority Liberal Government has announced their plan for moving the country through the next phases of the COVID-19 pandemic. The plan has received no support from the official opposition Conservative Party. However, NDP has announced their support for the Throne Speech’s proposals as a result of the Liberal promise to guarantee that COVID-19 unemployment benefits would not be reduced. If the announced proposals programs become law, they should have an impact on a significant number of Canadian businesses and individuals.
The following were the most significant proposals that business owners need to be aware of:
Additionally, Canadians should be aware of the following proposals:
Few details, including a price tag for any of these programs, were announced. Over the coming weeks and months, we are sure to be made aware of additional details about these proposals. If you are looking for assistance or have any questions concerning any of the existing COVID-19 support programs for your business, please reach out to your Bateman MacKay LLP Business Advisor.
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