Update on Canada Emergency Commercial Rent Assistance Program

The CMHC has posted updated information on the CECRA Program on their web-site. For full details (including FAQ’s for both landlords and tenants), click here. Please speak to your DMCL advisor about your circumstances and to understand the tax impact on you or your organization. Of particular note: • Properties with or without a mortgage are […]

Update on Canada Emergency Wage Subsidy

On May 15th, 2020 Prime Minister Trudeau made further announcements in regards to Canada Emergency Wage Subsidy (CEWS): The Canada Emergency Wage Subsidy program will be extended for 3 months. The government will also reconsider the 30% revenue decline test for CEWS eligibility to ensure that it is not a barrier to achieving the overall […]

One-Time Payment for Seniors During COVID-19

On May 12th, 2020 Prime Minister Trudeau announced some financial support measures for seniors. Seniors who receive Old Age Security payments will receive a one-time payment of $300, Seniors who receive Guaranteed Income Supplement payments will receive a one-time payment of $200. Seniors who receives both OAS and GIS payments will receive a one-time payment […]

B.C. Emergency Benefit for Workers: Information Update

Starting on May 1, 2020,  B.C. residents can apply now for the B.C. Emergency Benefit for Workers, a tax-free, one-time $1,000 payment for those whose ability to work has been affected due to COVID-19. One of the requirement is that the BC resident applied for and is eligible for the Federal CERB. Applicants must have […]