Pablo Leal ARG
Level 1

Banking & Currency

Hi Alicia,

I was wondering if the CEWS is income or decreases expense, since your company is not dedicated to receive subsidies

"Both subsidies are taxable income" is this true?

"If you get a grant or subsidy from a government or government agency, you'll have to report it as income or as a reduction of an expense" from CRA page

 

Regards