Budget Measures Implementation Act 2024 received royal assent on April 25, 2024, thus an amendment to the Regional and Distant location tax credits in the B.C. Income Tax Act to exclude animated productions from eligibility will affect animated productions with key...
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Canada Emergency Rent Subsidy Extension
- the new Canada Emergency Rent Subsidy, which provides direct access to rent and mortgage interest support to tenants and property owners until June 2021 for qualifying organizations affected by COVID-19. The new rent subsidy would support businesses, charities and non-profits that have suffered a pandemic-induced revenue drop by providing support up to a maximum of 65% of eligible expenses until December 19, 2020. The government is proposing to allow claims retroactively for the period that began September 27 and ended October 24, 2020;
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- the extension of the Canada Emergency Wage Subsidy until June 2021, which remains at the current rate of up to 65% of eligible wages until December 19, 2020.
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