In particular, these businesses must continue to navigate the impact of recent events including the prorogation of Parliament, the announcement of the upcoming Canadian federal election and new foreign and Canadian tariffs. Despite these ongoing challenges, it’s important for businesses to keep up with the latest announcements from the federal and provincial governments on the administration of tax proposals and other related tax news to ensure that they meet their reporting obligations and determine whether they may qualify for relief. Specifically, the federal government has postponed certain filing and tax payment dates and has clarified how businesses and individuals should file certain tax returns and forms for certain outstanding and cancelled tax proposals.
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