Pandemic Advice

New-COVId-Support-for-Renters-and-Proprety-owners
New COVID Support Program Available for Renters and Property Owners
The Canada Emergency Rent Subsidy (“CERS”) received Royal Assent last week and applications opened Monday through the CRA online system. This program is broader than the name implies – both renters and property owners may qualify for benefits to help offset their property-related costs including rent, mortgage interest, property taxes, insurance and even other costs....
Estate Planning in the wake of COVID-19
During uncertain times, it is natural for people to wonder if their affairs are in order and if their assets are protected if anything should happen to them. While we feel estate planning should always be a priority, it is especially important during this unprecedented time. In this article, we will discuss just a few...
Significant Changes to Canada Emergency Wage Subsidy
Finance Minister Bill Morneau announced proposed changes to the Canada Emergency Wage Subsidy (CEWS) program to provide support to employers for employees wages since March 15 as part of the government’s overall COVID-19 Economic Response Plan. Originally in place until June 6, the CEWS was extended to August 29 and is now being proposed to...
Revised CEBA Loan Eligibility Now Available
The revised application process became available today for the expanded CEBA loan program initially announced in May. The initial loan eligibility criteria was restricted to businesses with payroll between $20,000 and $1,500,000 in 2019 and many businesses have already accessed the $40,000 interest-free, partially forgivable loan through their main banking partner. Businesses that remunerate their...
Expanded CECRA and CEBA applications opening May 25
Update on Canada Emergency Commercial Rent Assistance (CECRA) program More information on the CECRA program (originally announced April 24, 2020) was provided today during the Prime Minister’s daily COVID update speech. This program will provide a forgivable loan to landlords for up to 50% of a commercial tenant’s monthly rent, if the landlord and tenants...
Canada Emergency Wage Subsidy (CEWS) – Applications Now Open
Thousands of employers have made claims under the CEWS application process that started this week and will remain open for claims until September 30th. The government anticipates releasing the first batch of funds to successful claimants later next week for claims made this week. The rules behind the eligibility and amounts of the potential claims...
Expansion of Workers Eligible for the Canada Emergency Response Benefit
The Federal government announced changes to the eligibility criteria for the Canada Emergency Response Benefit (CERB), which provides $2,000 every four weeks to workers who have suffered reduced income due to COVID-19. The major change is that people who are still earning up to $1,000 per month will be able to also apply for the...
Saskatchewan Small Business Emergency Payment Program (SSBEPP)
The Saskatchewan government opened applications Monday for a new program that can provide up to $5,000 to businesses that were required to temporarily close or significantly curtail their operations due to the COVID-19 public health order – the Saskatchewan Small Business Emergency Payment Program (SSBEPP). The SSBEPP aims to provide cash flow to a wide...
5 Things To Know Today About COVID-19 Financial Support
As we continue to receive information regarding government support for COVID-19 we wanted to provide you with 5 things you should know today about COVID-19 financial support: Cash Flow options and opportunities for Individuals – Many new programs, and changes to existing ones, have been announced since the onset of the COVID-19 crisis. We have...
Federal Government Announces 75% Wage Subsidy and Additional Supports for Small Businesses
On March 26th and March 27th significant government announcements were made to help businesses and individuals. Additional details are due to come by month end. See below for an overview and additional resource links: Increase in wage subsidy to eligible businesses from 10% to 75% retroactive to March 15th Deferral of GST payments to June...