by adminaccountantcpa | Jul 6, 2020 | Covid-19 Benefits
Important Updates The most important update to the Canada Emergency Wage subsidy program is that it’s been extended till August 29, 2020. Originally, the program was available from March 15, 2020 till June 6, 2020. The Canada Revenue Agency (CRA) will introduce a...
by adminaccountantcpa | Jul 2, 2020 | Covid-19 Benefits
The Canada Emergency Business Account (CEBA) offers partially forgivable, interest-free loans to small businesses that have experienced a decrease in revenue due to the Covid-19 pandemic. The amount of the loan is up to $40,000 and is provided to businesses to cover...
by adminaccountantcpa | Jun 2, 2020 | Covid-19 Benefits
CECRA is designed to cover 75% of the rent for small business owners and will cover the months of April, May and June 2020. This will allow small business tenants to avoid bankruptcy and in turn property owners will continue to receive rental income. Applications for...
by adminaccountantcpa | May 5, 2020 | Covid-19 Benefits
The CECRA program offers forgivable loans to commercial property owners. This in turn allows the owners to reduce the rents owed by their small business tenants by at least 75% for the months of April, May and June 2020. Eligibility In order to qualify for CECRA, a...
by adminaccountantcpa | Apr 28, 2020 | Covid-19 Benefits
Eligibility Contract workers, wage earners, self-employed individuals who don’t qualify for Employment Insurance (EI)It is available for workers living in Canada who are at least 15 years oldThey should have earned at least $5,000 in 2019 year before their...
by adminaccountantcpa | Apr 16, 2020 | Covid-19 Benefits
Eligible Employers (75% Wage Subsidy) Employers who are eligible include taxable corporations, individuals, partnerships consisting of eligible employers, registered charities and non-profit organizations. Employers of all sizes and across all sectors qualify except...
