National Business Resumption Plan

July – August: Launch of pilot CEWS post payment compliance project through the Trust Exam Program and Employer Compliance Audit All remaining functions in the Objections Program, the Taxpayer Relief Program and CPP/EI Appeals to the Minister and to the Courts All remaining assessment benefit and service branch activities except Discounter audit T183 monitoring Certain validation activities Debt Management… Read more »

Student Assistance Updates

Volunteering The Canada Student Service Grant (CSSG) for post-secondary students and recent graduate volunteering opens June 25, 2020. One-time payment of between $1,000 and $5,000 based on the number of hours served. Volunteer positions can be found through the I Want to Help platform at  https://www.jobbank.gc.ca/volunteer Paid work placements Supporting an additional 20,000 job placements… Read more »

Canada Emergency Business Account (CEBA)

This program provides interest-free loans of up to $40,000 to small businesses and not-for-profits that carry on active business activities to help cover non-deferable operating costs during a period where revenues have been temporarily reduced. If the balance of the loan is repaid on or before December 31, 2020 25% of the loan will be forgiven (up to $10,000). The following criteria must be met to qualify… Read more »

Canada Emergency Wage Subsidy (CEWS)

The Canada Emergency Wage Subsidy is a subsidy available for a period of twelve weeks that will provide a subsidy of 75% of eligible remuneration, paid by an eligible entity (eligible employer) that qualifies, to each eligible employee. Did you see a drop of at least 15% of your qualifying revenue in March 2020* and… Read more »

Tax Deadlines for 2020

This year’s tax filing deadlines have been changing, be sure to get yours filed on time to reduce penalties. See below for most recent deadline information. Personal Tax Deadlines T1 late-filing penalties will not be charged if returns are filed and payments are made by September 1, 2020. Same relief will be provided for self-employed filers (and their… Read more »

COVID-19 -Economic Relief for Canadians

Since the beginning of March, restrictions and measures related to COVID-19 have rapidly escalated. On March 18, 2020, the Government of Canada announced a series of measures designed to support the finances of individuals, businesses, charities, and non-profit organizations. Since then, on an almost daily basis, new possibilities have been introduced, and old ones have… Read more »

10% Temporary Wage Subsidy

While we await further information from the federal government on the 75% Emergency Wage Subsidy, the 10% Temporary Wage Subsidy is active, and will continue to be available to those who may not meet the 30% revenue decrease required to received the 75%. Here is everything you need to know: Benefit 10% of remuneration paid… Read more »

Canada Emergency Response Benefit (CERB)

The Canada Emergency Response Benefit (CERB) combines the previously announced emergency care and emergency support benefits, and focuses on those who are not eligible for traditional Employment Insurance benefits. Eligibility Eligible workers must be: At least 15 years old A resident of Canada Have earned a total of $5,000 of income for 2019 or in… Read more »

Wage Subsidy

Employers have access to a 75% wage subsidy for a period of three months, starting with the first pay period that includes March 15th, 2020 if they have had a 30% decrease in revenues. Details are still forthcoming.

My Account Registration

If you anticipate applying for emergency funds when applications open in April, we recommend that you register for MyAccount today