COVID-19: PM Announces Financial Support for Small Businesses

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The Prime Minister’s Office announced new support for small businesses affected by COVID-19. Some of these include, but are not limited to:

  • Increasing the wage subsidy from 10% to 75%,
  • Allowing businesses, including self-employed, to defer all GST and HST payments until June,
  • Launching the new Canada Emergency Benefit Account,
  • Launching the new Small and Medium-sized Enterprise Load and Guarantee Program. 

Click here to read the full release from the Prime Minister’s Office.