Prime Minister Justin Trudeau has just announced new measures to help small and medium-sized businesses avoid layoffs during the COVID-19 crisis:

–  wage subsidy increased from 10% to 75%, backdated to March 15, for qualifying businesses

–  new Canada Emergency Business Account (CEBA) guarantees $40,000 loans interest free for 1 year; qualifying businesses to be forgiven $10,000

–  GST/HST payments, as well as duties and taxes owed on imports, deferred until June.

More details to follow.