Government measures in key jurisdictions 3rd edition final - Flipbook - Page 31
Canada
Tax
Has any new
legislation been
introduced in light of
Covid-19?
The Canadian Revenue Agency has implemented a number of administrative
concessions, including:
•
extension of filing deadlines,
•
tax audit deferral,
•
sales tax and customs duty payment deferrals,
•
income tax deferrals, and
•
objections and appeals extension.
A summary of the key income tax measures can be found here and further details regarding
GST/HST relief and provincial income tax measures are discussed here.
Company
law matters
Have any measures
been put in place to
accommodate social
distancing (such as
remote general
meetings)?
•
Certain Canadian provinces, including Ontario, have temporarily extended the time frame in
which public companies are required to hold annual meetings of shareholders and provided an
exemption for corporations to hold virtual meetings despite any restrictions in the articles or
by-laws.
•
More information related to the extension and the relief for companies to hold virtual
meetings can be found here and commentary on virtual annual general meetings can be
found here.
Government measures in key jurisdictions
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