On April 19, 2021, the Deputy Prime Minister and Finance Minister, the Honourable Chrystia Freeland, presented Budget 2021: A Recovery Plan for Jobs, Growth, and Resilience, to the House of Commons. No changes were made to personal or corporate tax rates (other than a temporary measure for zero-emission technology manufacturers), nor to the inclusion rate …
Canada Emergency Rent Support (CERS): The new CERS provides rent and mortgage support until June 2021 (as the previous program CECRA ended on September 26, 2020). The rent subsidy would be provided directly to tenants and would support qualifying organizations that have suffered a revenue drop, by subsidizing a percentage of their expenses, on a …
Canada Emergency Business Account (CEBA) This is a summary of information which has become available through announcements, press releases and the program’s website. We expect more details to be provided at a later date, hopefully soon. As of October 26, 2020, eligible Canadian businesses currently operating through a personal bank account are be able to apply for …
Canada Emergency Rent Support (CERS): The new CERS provides rent and mortgage support until June 2021 (as the previous program CECRA ended on September 26, 2020). The rent subsidy would be provided directly to tenants and would support qualifying organizations that have suffered a revenue drop, by subsidizing a percentage of their expenses, on a …
On November 2, 2020, Bill C-9 was introduced and implemented some proposed changes to Canada Emergency Wage Subsidy and Canada Emergency Rent Support programs. This Bill received Royal Assent on November 19, 2020. The proposed changes are summarized below: Canada Emergency Wage Subsidy (CEWS): The program will be extended to June 30, 2021 The subsidy …
Canada Emergency Wage Subsidy (CEWS)- 75% Subsidy Update This document discusses the updates to the CEWS program that were announced on July 17, 2020. Please refer to the attached document for the program details, which had previously been released. The government has now extended the CEWS program until at least November 21, 2020. Who …
Canada Emergency Wage Subsidy (CEWS)- 75% – Subsidy update Read More »
Canada Emergency Wage Subsidy (CEWS)- 75% Subsidy On April 11, 2020, the Federal government enacted Bill C-14, which contained the detailed legislation for the Canada Emergency Wage Subsidy (CEWS). This subsidy would cover 75% of eligible salaries and wages for qualifying businesses, for employment between March 15, 2020 and June 6, 2020. Following is a …
10% Temporary Wage Subsidy What is it? The 10% Temporary Wage Subsidy is a three-month measure that will allow eligible employers to reduce the amount of payroll deductions to be remitted to Canada Revenue Agency. Who is considered an eligible employer? • An individual (excluding trusts); • A partnership if the partners consist of individuals, registered …
A Message to our clients and Friends The worldwide concern with the impact of the COVID-19 virus, the collapse of oil prices, and transportation disruptions have combined to produce a major decline in the leading financial markets. The drop in the markets is cause for concern among investors, but particularly those planning for retirement, considering …
