In response to the difficulties that businesses are facing in light of the COVID-19 situation, both the Ontario Government and WSIB have announced relief plans offering support to Ontario businesses.
- Increasing the Employer Health Tax (EHT) exemption for 2020 to $1 Million (previously $490,000)
- Implementing a relief period for Ontario business for filing and remitting provincial taxes due to circumstances related to COVID-19
- Allowing businesses to defer premium reporting and payments until August 31, 2020 for WSIB payments
Please see the following websites for more information regarding the changes to the Employer Health Tax and WSIB.
Changes to EHT: https://www.fin.gov.on.ca/en/tax/eht/index.html
Changes to WSIB: https://www.wsib.ca/en/novel-coronavirus-covid-19-update