Question: "I've given some of my commercial tenants a deferral on rent for the next three months. I don't need to remit GST on the rent until I receive it, right?"
This article looks at how corporations can avoid bankruptcy through the Companies' Creditors Arrangement Act (CCAA).
Question: With the slowdown caused by COVID-19, I am worried that my business will not be able to pay its suppliers and other creditors. Can I take money or other assets out of the company to protect them from creditors?
Question: I’ve heard the courts are closed during the COVID-19 crisis. Can anything be done to help my business?
Question: We've downsized our business to weather the COVID-19 crisis, including laying off staff, but what can we do about the rent owing on our lease?