It’s excellent news if you own a business in Manitoba.
On Sunday the Manitoba government announced they will extend the April and May filing deadlines for small and medium-sized businesses with monthly remittances of no more than $10,000.
On top of that, businesses will have up to two additional months to remit retail sales taxes and the Health and Post Secondary Education Tax Levy (commonly called the payroll tax).
Premier Brian Pallister says the extension could help more than 20,000 Manitoba businesses as they deal with the impacts of COVID-19.
Finance Minister Scott Fielding says the extension gives small and medium businesses a two-month breather.
“This extension gives small and medium businesses a two-month breather to deal with COVID-19. This global pandemic is impacting all Manitobans and while we focus our resources and energy on the health of Manitobans, we must be mindful of the financial toll the pandemic is having on businesses and families. Over 95 per cent of Manitoba business are small or medium sized, and they need government support through this difficult time.”
The minister noted the department will work with businesses regarding flexible repayment options above the $10,000 cap.
Further information regarding filing requirements will be available Monday on the Manitoba Tax Publications page on the Finance Taxation website at www.gov.mb.ca/finance/taxation/bulletins.html.
