that Prime Minister Justin Trudeau’s latest policy developments are an ongoing answer to the current fight against ‘COVID-19’. This is part of countrywide change management. Hence, sustainable developments from the Canadian Govt. i.e. resistance through action in the form of ‘WSP’ or Wage Subsidiary Program.
As the whole world is undergoing a crisis situation that cannot be taken for granted. In this regard, the Prime Minister has lately announced many policies. These are part and parcel with regard to the current developments of the global crisis. It affected many businesses. The country is under lockdown and there are many self-employed workers and SMEs affected. Innumerable small businesses are currently under financial crisis due to ‘COVID-19’.
JUSTIN LATEST POLICY
The aim of the current developments by Justin is to assure financial stability. The importance is to highlight that businesses are not fully shut down. The Government wants that people can join back work once the conditions are fully stable as normal. Announced by the Honourable Prime Minister in his latest policy developments. Known by the name of the Wage Subsidiary Program, it aims for reforms through policy measurements.
This is as part of the recovery and sustenance efforts by the Canadian Govt. Amid the COVID-19 Outbreak and to overcome its financial effects. Loans are offered by the Govt. to SME’s preferably, and to large businesses.
The Govt. has announced that a loan recovery program also for self-employed workers so that their losses can be sustained. This means making reconciliations to make sure that no Self-employed worker sustains losses. A work from the home facility is readily available for people in Canada according to Justin Trudeau’s Policies.
Furthermore, the Govt. is offering work sharing as well. Applies to those whose close relatives are undergoing the effects of Coronavirus. These are people who can’t work even from home.
Helps existing and potential investors and creditors and other users to assess the amounts, timing, and uncertainty of prospective net cash inflows to the enterprise
Separate Valuation of each asset
Materiality, only items material in amount or in their nature will affect the true and fair view given by a set of accounts. transactions are recorded at the cost. It realizes revenue and profits. Duality, every transaction has two effects.