Posts Categorized: COVID-19

Ontario Tourism and Hospitality Small Business Grant

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New Ontario Tourism and Hospitality Small Business Support Grant that will provide an estimated $100 million in one-time payments of $10,000 to $20,000 to eligible small businesses in the tourism and hospitality sector. For more information visit the link below: Ontario Supports the Tourism and Hospitality Sectors during COVID-19  

Check and Claim Uncashed CRA Cheques

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To check for and claim uncashed cheques from the CRA visit https://www.canada.ca/en/revenue-agency/services/uncashed-cheque.html There are many reasons Canadians may have an uncashed cheque from the Canada Revenue Agency (CRA). For example, someone may have moved and not updated their address, or the cheque may have been lost, stolen, or destroyed. Individuals and their legal representatives can… Read more »

Government Tax Updates Feb 2021

Tax

Self-employed individuals whose net self-employment income was less than $5,000 and who applied for the CERB will not be required to repay the CERB, as long as their gross self-employment income was at least $5,000 and they met all other eligibility criteria. The Prime Minister verbally stated that those who could have applied for CERB… Read more »

Highly Affected Sectors Credit Availability Program

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On January 26, 2021, details of the Highly Affected Sectors Credit Availability Program were announced. Through HASCAP, the Business Development Bank of Canada (BDC) will work with participating Canadian financial institutions to offer government-guaranteed, low-interest loans of up to $1 million. Chains and multiple-location businesses could be eligible for up to $6.25 million. HASCAP is… Read more »

Funding for Small Business Grants

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Find out if your business is eligible for grants to help with the cost of personal protective equipment, property taxes, energy bills and extra support if you have to close or significantly restrict services because of provincial public health measures. Ontario Small Business Support Grant Helps small businesses that are required to close or significantly… Read more »

CEBA $20,000 Program Increase

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The Canada Emergency Business Account (CEBA) program has been increased by an additional $20,000, bringing the total CEBA loan amount to $60,000 per eligible business. Businesses who receive $60,000 in total CEBA loan proceeds will be eligible to receive a total forgiveness of $20,000 if $40,000 of the CEBA loan is repaid on or before… Read more »

New Pandemic Support Updates for Businesses

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Rent relief A new Canada Emergency Rent Subsidy (CERS) will replace the flawed CECRA program. If you qualify, this will go straight to you – without requiring the participation of your landlord – and will cover up to 65% of eligible rent costs, depending on your losses, until December 19th. If you’re ordered to close… Read more »

Changes to Recovery Benefits

Updates from October 5th, 2020: Canada Recovery Sickness Benefit (“CRSB”): provides $500/week for up to 2 weeks, for workers who are unable to work for least 50% of the week because they have contracted COVID-19 or, who are in self-isolation for reasons related to COVID-19 or, have underlying conditions, are undergoing treatments or have contracted other sicknesses that, in the opinion… Read more »

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 »