Posts Categorized: COVID-19

Update on Canada Emergency Wage Subsidy

Update on CEWS The government extended the Canada Emergency Wage Subsidy to September 25, 2021. The Canada Emergency Wage Subsidy provides support to eligible employers to cover part of their employees’ wages. This subsidy helps employers re-hire workers, helps to prevent further job losses, and keeps employees on payroll at their place of work during… Read more »

Canada Recovery Benefit updates July 2021

Canadian Money

If you are eligible for the Canada Recovery Benefit (CRB), you can receive $1,000 ($900 after taxes withheld) for a 2-week period for up to 21 periods. If you have already applied for 21 periods, or are applying for your first CRB period on or after period 22 (July 18 to 31, 2021), you may receive $600 ($540 after taxes… Read more »

Canada Child Benefit Progress

Dad reading with baby

In the first four years since its implementation, the Canada Child Benefit (CCB) has helped lift nearly 435,000 children out of poverty. Families entitled to the CCB with children under the age of six can expect to receive a bit more money in the bank this year. The Canada Child Benefit (CCB) is a tax-free… Read more »

Ontario Tourism and Hospitality Small Business Grant

Welcome to Ontario Sign

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  

COVID-19 Benefits Extensions

Work from home

On February 19, 2021, the government announced several extensions to various personal COVID-19 related benefits. They include: The CRB and CRCB (caregiver benefit) maximum eligibility period is extended by 12 weeks to 38 weeks in total. The CRSB (sickness benefit) maximum eligibility period is extended by 2 weeks to 4 weeks in total. The EI… Read more »

Check and Claim Uncashed CRA Cheques

Saving Money

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

Blue Water Bridges

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

Lockdown on Tablet

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

Canadian Flag at Parliament

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 »