Canada Budget 2021 Delivered Including Consultations on New Mandatory Disclosure Rules and Digital Services Tax

Canadian Finance Minister Chrystia Freeland delivered the Budget 2021 on 19 April 2021. With respect to businesses, some of the main measures of Budget 2021 include proposals to:

• Extend the Canada Emergency Wage Subsidy, the Canada Emergency Rent Subsidy, and the Lockdown Support until September 2021, with the subsidy rates gradually reduced over the July-to-September period, and introduce legislative authority for the government to provide a further extension to 20 November 2021 if needed;…