On Friday October 9th 2020, the Federal Government announced several new subsidies available to small to mid-size businesses and organizations affected by Covid-19, including a new Commercial Emergency Rent Subsidy (“CERS”) program, expanding the Canadian Emergency Benefit Account (“CEBA”) loan program and extending the Canadian Emergency Wage Subsidy (“CEWS”) program to June of 2021. Detailed […]
Top Ten Tips for Navigating a Small Business During COVID-19 from an Accountant and Valuator’s Perspective
We have been living with COVID-19 in our world for some time now. Although it is a very fluid situation, some measures can be taken to position your business to withstand the uncertain times and thrive when the pandemic is over. From October 18th to 24th, 2020 we celebrate the Small Business Week and there […]
Annual Year-End Planning for 2020
Please see some of our other tax planning blogs posted earlier this year: Tax Planning Ideas During These Challenging Times Whether we may see some tax changes introduced later this fall: Coming Soon – Taxing the Pandemic This includes whether the federal Liberal government will change how capital gains are taxed and whether it makes […]
Canada Announces a New Commercial Rent Support Program, Expands Small Business Loans and Extends the Canadian Emergency Wage Subsidy
On Friday October 9th 2020, the Federal Government announced several new subsidies available to small to mid-size businesses and organizations affected by Covid-19, including a new Commercial Emergency Rent Subsidy (“CERS”) program, expanding the Canadian Emergency Benefit Account (“CEBA”) loan program and extending the Canadian Emergency Wage Subsidy (“CEWS”) program to June of 2021. Detailed […]
CRA to Start Review of U.S. Real Estate Transactions by Canadians
This article is from the quarterly Canadian Overview, a newsletter produced by the Canadian member firms of Moore North America. These articles are meant to pursue our mission of being the best partner in your success by keeping you aware of the latest business news. On June 25, 2020, the CRA posted a tender notice […]
Coming Soon: Taxing the Pandemic
This article is from the quarterly Canadian Overview, a newsletter produced by the Canadian member firms of Moore North America. These articles are meant to pursue our mission of being the best partner in your success by keeping you aware of the latest business news. As reported on CBC.ca: “The federal government’s latest projection of […]
Canada Emergency Business Account (CEBA) Deadline Extension – October 31st, 2020
The August 31st, 2020 deadline was extended to October 31, 2020 per a Twitter feed announcement from Finance Canada. The CEBA website currently has been updated removing the August 31 deadline: https://ceba-cuec.ca/ Items to note: CEBA help-line 1-888-324-4201 if you have further questions or contact your DMCL advisor or financial institution; Best to check out […]
Updated Tax Rate Cards for 2020
Here are our updated Tax Rate cards to account for the 2020 BC Budget. In these you will find 2019/2020 Corporate Tax Rates and 2019 / 2020 BC Individual Tax Rates. Please contact your DMCL advisor in case of any questions.
Canada Emergency Business Account (CEBA) – August 31, 2020 Deadline Reminder
The deadline to apply for the Canada Emergency Business Account (CEBA) interest-free loan up to $40,000 is a hard deadline of next Monday, August 31, 2020. Up to 25% of the loan (up to $10,000) may be forgiven (may be taxable) if 75% of the loan is repaid by December 31, 2022. If the loan […]
Canada Emergency Commercial Rent Assistance (CECRA) – August 31, 2020 Deadline Reminder
The government has set a hard deadline of August 31st 2020 for applying for the Canada Emergency Commercial Rent Assistance (CECRA) subsidy. The CECRA subsidy provides a forgivable loan to landlords equal to 50% of the gross rent (including common area costs) who have entered into a 75% of more rent reduction agreement with their […]
