Business
How is the Canadian government supporting its small businesses in the wake of changes mandated by COVID-19? Continuing on in a special Bold(h)er series on women and innovation in the face of the pandemic, our host Lisa brings pressing questions from fellow small business owners to Canada’s Minster of Small Business, Export Promotion and International Trade, Mary Ng. From highlighting stories of trailblazing innovation and collaboration among all sectors to how essential it is to keep trade moving and businesses running, they acknowledge that there are hard times still ahead for Canadian small business, but that we can face them – and come out stronger on the other side – together. About the show: Brought to you by BMO for Women and hosted by journalist and award-winning entrepreneur Lisa Bragg, Bold(h)er delivers thought-provoking conversations that inspire listeners to make their own bold moves in business and in life. A note on this episode: Minister Ng states in the interview that the Canada Emergency Wage Subsidy is taxable for the employer/company. As a clarification: The usual treatment of tax credits and other benefits provided by the government applies. As a consequence, the wage subsidy received by an employer is considered government assistance and is included in the employer's taxable income.