Canada Announces a New Commercial Rent Support Program, Expands Small Business Loans and Extends the Canadian Emergency Wage Subsidy

Posted On October 14, 2020 By admin In Canadian Tax 0 Comments

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 […]

Canada Emergency Business Account (CEBA) Deadline Extension – October 31st, 2020

Posted On August 31, 2020 By admin In Canadian Tax 0 Comments

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 […]

Canada Emergency Business Account (CEBA) – August 31, 2020 Deadline Reminder

Posted On August 25, 2020 By admin In Canadian Tax 0 Comments

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 […]

COVID-19: Canada Emergency Business Account Update

Posted On June 16, 2020 By admin In Canadian Tax 0 Comments

Update: Bill Morneau, Finance Minister, announced on Twitter that the expanded Canada Emergency Business Account (CEBA) applications are now available through Canada’s large banks. On April 09, 2020, the Government announced the Canada Emergency Business Account (“CEBA”). The CEBA provides zero-interest, partially forgivable loans of up to $40,000 to small businesses that have experienced diminished […]

COVID-19: Economic Measures Update – For the Week Ending April 17, 2020

Posted On April 20, 2020 By admin In Canadian Tax 0 Comments

CANADA EMERGENCY WAGE SUBSIDY (“CEWS”) – 75% WAGE SUBSIDY UP TO $847/WEEK CRA application portal ready in 1-3 WEEKS [Sources say it may be ready April 27, 2020] The legislation received royal assent late last Saturday night (April 11th). It is a wage subsidy of up to $847 per employee per week if the business […]