COVID-19 and Your Business: May 2022 (Issue 13)

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COVID-19 corner

Help keep your workplace safe with COVID-19 rapid tests

Get information on rapid testing, find out where to get test kits, and learn how to set up a testing program for your business.

Ongoing pandemic support

Stay safe while operating during COVID-19

Learn how to reduce the risk of COVID‑19 transmission.

Canada's COVID19 Economic Response Plan

Discover supports for businesses and organizations.

Managing your business during COVID-19

Find resources, including financial support, loans and access to credit.

Features

Protect your customer data with help from the Canada Digital Adoption Program

Concerned about exposing your customer data? The Canada Digital Adoption Program's Boost Your Business Technology grant can give you access to digital advisors who have the expertise to develop a plan to better protect your network.

Find answers about your business taxes quickly and easily

High call volumes to the Canada Revenue Agency's (CRA) Business Enquiries Line can result in long wait times. There are quick and easy alternatives to help you get the information you need.

Budget 2022: Easing taxes for small businesses

Small businesses currently benefit from a reduced federal tax rate of 9% on their first $500,000 of taxable income, compared to the general federal corporate tax rate of 15%. A business no longer has access to this lower rate once its level of capital employed in Canada reaches $15 million. However, phasing out access to the lower tax rate too quickly—and then requiring a small business to pay more in tax—can discourage some businesses from continuing to grow and create jobs.

Budget 2022 proposes to phase out access to the small business tax rate more gradually, with access to be fully phased out when taxable capital reaches $50 million rather than $15 million.

Canada Business app

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Check out the Canada Business app for the latest government products and services for businesses:

  • Find tax information
  • Finance your business
  • Find resources for under-represented groups
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Government resources and supports

Find an event or free webinar that's right for you.

Answer a few questions to generate a list of supports tailored to your business.

Together, we can get through this pandemic. For comprehensive information about the current COVID-19 situation, financial resources and vaccines, visit the Coronavirus disease (COVID-19) page or call 1-833-784-4397.

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