COVID-19 Updates

Explore LRK Tax LLP’s COVID-19 Updates Archives for the latest tax relief measures, compliance changes, and expert guidance to help businesses and individuals navigate pandemic-related tax issues. Stay informed with our articles!

Small Business Owners and COVID-19: Tax Planning to Preserve Cash

COVID-19 Updates

The recent measures released by the government of Canada to combat the negative fallout from COVID-19 provides some relief to owner-managers of small businesses.  While these measures do help, owner-managers may also position themselves in a better financial position by considering the following: Stop paying yourself a salary Owner Managers who pay themselves a recurring […]

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COVID-19 Financial Measures Summary

COVID-19 Updates

We continue to closely follow relevant updates concerning COVID-19. The government has announced the following measures to help alleviate concerns and financial hardships. Tax Relief Individuals Trusts Corporations/Businesses Help for Employers to Pay Employees Help for Employees and Self-Employed Individuals Individuals & Families Businesses Older people – RRIF Withdrawals Students A lot of these measures

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