Canada's Department of Finance has published an overview of Canada's COVID-19 Economic Response Plan, including measures announced by the Prime Minister on 18 March to help stabilize the economy.
One of the key measures is that the Canada Revenue Agency (CRA) will allow all taxpayers (individuals and businesses) to defer, until after 31 August 2020, the payment of any income tax amounts that become owing on or after 18 March and before September 2020. This relief would apply to tax balanc…