COVID-19: Canada Emergency Commercial Rent Assistance Program – Update

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. Contact your DMCL advisor today to discuss the opportunities for you and your business. Of particular note: • Properties with or without a mortgage are eligible under CECRA for small businesses. Previously, […]

COVID-19: Canada Emergency Wage Subsidy Update

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 […]

COVID-19: One-Time Payment for Seniors

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 […]

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 […]