Due to the unique circumstances that many
corporations found themselves in during 2020 as
a result of the COVID-19 pandemic, there are some
specific issues that tax managers need to consider
when preparing their 2020 corporate tax returns. For
example, many corporations benefited from various
COVID-19 assistance programs that were available
from federal and provincial governments.

Depending on the type of industry your corporation
operates in, you may or may not have had experience
dealing with the tax treatment of government assistance.

The following article explores the COVID-19 implications to corporate tax returns.