The government has made several decisions that will give Albertans and Alberta employers additional supports as they deal with the impacts of the COVID-19 crisis.
ATB will be deferring required payments for loans and lines of credit for 90 days, and making extra working capital available to business.
Customers of other Alberta credit unions may have options to defer loan payments and boost short-term cash flow.
Effective immediately, the government will defer education property tax for businesses for 6 months.
Private sector employers can save money on their WCB premium payments at a time when they need it most. These actions ensure the sustainability of the workers’ compensation system and that injured workers continue to receive the benefits and supports they need to return to work.
Previously announced measure taken by the province to protect Albertans and assist businesses include:
In response to the COVID-19 pandemic, effective March 27, 2020, temporary accommodation providers in Alberta with tourism levy remittances coming due between March 27, 2020 and August 31, 2020 may defer making these payments until August 31, 2020. Alberta will waive interest that otherwise would be payable in respect of these payments. However, accommodation providers are expected to continue to file tourism levy returns as and when required by legislation.
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