COVID-19: CMHC Information on the Canada Emergency Commercial Rent Assistance for Small Businesses

The CMHC has posted some additional information on its website regarding the Canada Emergency Commercial Rent Assistance for small businesses. While the CMHC’s comments are helpful, it is important to remember that there is no legislation on the CECRA program, draft or otherwise.  Once legislation implementing the CECRA program has been passed into law, the […]

COVID-19: Canada Emergency Commercial Rent Assistance for Small Businesses

Prime Minister Trudeau announced this morning that the Federal Government has reached an agreement in principle with all provinces and territories to implement the Canada Emergency Commercial Rent Assistance (CECRA) for small businesses. Our DMCL comments are in the brackets. This program will lower rent by 75 per cent for small businesses that have been […]

COVID-19: Support for Students and New Grads

May 13th, 2020 update: Prime Minister Trudeau announced this morning that the government will start taking applications for the Canada Emergency Student Benefit and the Canada Student Service Grant on Friday, May 15th. Applications can be made thru the CRA My Account portal. Taxpayers who aren’t currently set-up on CRA My Account should consider opening […]

COVID-19: 75% Canada Emergency Wage Subsidy (“CEWS”)

The Government of Canada passed into law on Saturday, April 11th 2020 Bill C-14 the COVID-19 Emergency Response Act No. 2 which provides a 12 week wage subsidy of up to $847 per employee per week: to “eligible entities” in respect of “eligible remuneration” paid to “eligible employees” during a “claim period” (four week periods […]

The Value of Cash Forecasting

This article was written by Richard DeRienzo, from Citrin Cooperman, an independent firm associated with the Moore Global Network. Stress is knowing that you have a problem and not knowing how to solve it.  Real stress is not knowing you have a problem and having to come up with a solution on the fly.  As we approach […]

COVID-19: Changes to the Canada Emergency Wage Subsidy

On April 08, 2020, the Prime Minister and the Minister of Finance announced changes to the Canada Emergency Wage Subsidy program and provided further guidance on the application of the rules. Please review the full announcement below.  Here are some of the highlights. Eligible Employers Under the new rules, the subsidy is available to employers […]