Canada's Department of Finance has announced the introduction in parliament of Bill C-9, An Act to Amend the Income Tax Act (Canada Emergency Rent Subsidy and Canada Emergency Wage Subsidy). The bill includes measures to provide targeted support for businesses hard-hit by COVID-19 and help them get through the second wave of the virus. The main measures according to the announcement are as follows:
- The new Canada Emergency Rent Subsidy, which would provide direct and easy-to-access rent an…