March 19, 2020

Since the beginning of March, restrictions and measures related to COVID-19 have rapidly escalated. While the first stages focused on public health and safety, business and personal finances began to be affected. In an effort to combat these affects, the Government of Canada released series of measures in mid-March. 

"The Canada Revenue Agency (CRA) administers tax laws for the Government of Canada and for most provinces and territories, and administers various social and economic benefit and incentive programs delivered through the tax system."

"The Department helps the Government of Canada develop and implement strong and sustainable economic, fiscal, tax, social, security, international and financial sector policies and programs. It plays an important central agency role, working with other departments to ensure that the Government's agenda is carried out and that ministers are supported with high-quality analysis and advice."

"The Bank of Canada is the nation's central bank. Its principal role is "to promote the economic and financial welfare of Canada," as defined in the Bank of Canada Act."

"CPA Alberta is the professional organization for more than 28,500 Chartered Professional Accountants (CPA) across the province. The CPA designation is the Canadian business and accounting designation representing more than 200,000 professional accountants across the country."