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COVID-19: Wage Subsidy and Leave Payments Explained

We have found that there is some confusion for business owners around the the tax treatment of the wage subsidy. Tax treatment of the wage subsidy (the technical stuff): It is not subject to GST. An order in Council is currently being drafted to treat it as exempt (Section 5(6E)(B) (iii GST Act) The wage subsidy paid to the employer is not taxable. It is excluded income under Section CX…  Read more