COVID-19 wage subsidy: tax consequences

COVID-19 wage subsidy: tax consequences The Government’s 12-week wage subsidy (available for both employees and the self-employed) is paid in one lump sum to the employer. The tax treatment for the employer is as follows: the lump sum is excluded income no GST applies to the lump sum receipt when the payment is passed on … Continue reading COVID-19 wage subsidy: tax consequences