Business owners impacted by COVID-19 can claim up to $5,000 in refundable tax credits for each employee on their payroll in 2020 and up to a $7,000 credit per quarter (excluding Q4) for each employee in 2021.
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- If your business operations were impacted or changed during an applicable calendar quarter due to a COVID-19 related government order.
or
- For quarters in 2021, If your business revenue dropped by more than 20% compared to the same quarter in 2019 or the immediately preceding quarter.