Posts Categorized: COVID-19

CEBA Extended Repayment Deadline

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On January 12, 2022 the government announced that the repayment deadline for CEBA loans to qualify for partial loan forgiveness is being extended from December 31, 2022, to December 31, 2023, for all eligible borrowers in good standing. Repayment on or before the new deadline of December 31, 2023, will result in loan forgiveness of… Read more »

Ontario Staycation Tax Credit

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Planning a staycation in 2022? You can claim a tax credit if you travel in Ontario this year. Overview The temporary Ontario Staycation Tax Credit for 2022 aims to encourage Ontario families to explore the province. Ontario residents can claim 20% of their eligible 2022 accommodation expenses when filing their personal Income Tax and Benefit… Read more »

CRA Relief for Employee Benefits

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In 2020 CRA announced a series of positions in respect of employer-provided benefits relating to commuting and parking costs, as well as computers and home office equipment.  On January 4, 2022 CRA updated their webpage to announce that these positions would be extended to December 31, 2021. CRA clarified that up to $500 in total… Read more »

Tourism & Hospitality Recovery Program

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The federal government outlined pandemic recovery benefit programs, which focused on provided support to businesses in the economic sectors hit hardest by the pandemic. Among the programs introduced was the Tourism and Hospitality Recovery Program and details of the eligibility requirements for that Program, and the kinds of assistance to be provided, have now been… Read more »

COVID-19 Support Program Updates

On October 21, 2021, the government of Canada made an announcement in respect of the future of various COVID-19 support programs. They include: The general Wage Subsidy (CEWS) and Rent Subsidy (CERS) will expire on October 23, 2021. The Hiring Subsidy (CRHP) will be extended until May 7, 2022 with the subsidy rate to be… Read more »

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

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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

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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

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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  

COVID-19 Benefits Extensions

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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 »