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The purpose of this communication is to provide you with the most recent update in relation to the 75% Canada Emergency Wage Subsidy (CEWS).  This subsidy provides employers who have experienced a significant loss of revenue or cash flow to claim a wage subsidy of up to 75% of eligible wages.  You can read our previous bulletin…

In March, the federal government announced the creation of the Canada Emergency Business Account (CEBA) to support businesses impacted by COVID-19. You can view our previous CEBA releases here. In brief, eligible business could receive a loan of up to $40,000 from their financial institution on which interest will not be charged until December 31, 2022,…

Payment deadlines As a result of the COVID-19 pandemic, the majority of payments due to the government on or after March 18, 2020 have been deferred until September 1, 2020.  In addition, for individuals and trusts late filing penalties and interest have been put on hold, and will not be charged provided returns are filed and…

While the announcements of new financial relief programs and tax filing extensions have not been happening daily as they were when COVID-19 started, they have still been coming. This communication is intended to provide an update on several measures that have recently been extended or altered in some way.   Specifically, we will let you know…

The application process for the Canadian Emergency Commercial Rent Assistance (“CECRA”) program is now open.  Landlords must agree to reduce the rent to at least 75% of the monthly payment. In summary: The tenant will pay up to 25% of the rent The CECRA will provide up to 50% of the rent The landlord will…

The purpose of this correspondence is to update you on the latest changes that have been made in relation to the Canada Emergency Business Account (CEBA).  In March, the federal government announced the creation of the CEBA to support businesses impacted COVID-19. You can view our previous CEBA release here. The original legislation had requirements that may…

The Partner’s and our great staff would like to wish our founder Wilf Wilkinson a very Happy 90th Birthday today. Wilf Wilkinson is a Past Rotary International President and the Rotary has a wonderful article highlighting his accomplishments. Take a look at this article from the Rotary: https://www.rotary7070.org/Stories/happy-90th-birthday-to-past-rotary-international-president-wilf-wilkinson-of-trenton-ontario-canada

Last week the federal government announced it will be partnering with the Canada Mortgage and Housing Corporation (CMHC) and the provincial governments to implement the Canada Emergency Commercial Rent Assistance (CECRA) program to provide relief to landlords and eligible small business in respect of commercial rent for the months of April, May and June, 2020.  While…

We are contacting you today to provide yet another update on the 75% enhanced Canada Emergency Wage Subsidy (CEWS). Given the number of updates to the measure over the last several weeks, this update will first provide the newest information and then provide a detailed consolidated summary of the program.  RECENT DEVELOPMENTS Over the weekend,…

We are sending this communication to update you on the application process for the Canada Emergency Wage Subsidy (CEWS).  The application will be made available on Monday, April 27, 2020 at 6:00 a.m. You will be able to apply using your CRA My Business Account or a separate online application form that will be available.…