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The Canada Emergency Wage Subsidy (CEWS): changes and updates

Sunday May 17, 2020

The Canada Emergency Wage Subsidy (CEWS) covers 75% of an employee's wages – up to $847 per week – for eligible employers. Here is a summary of some of latest key developments regarding CEWS: Important note re: verification calls Businesses that have applied [...]

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Application portal for the Canada Emergency Wage Subsidy (CEWS) opens on Monday, April 27th and other news

Friday April 24, 2020

Canada Emergency Wage Subsidy (CEWS) Businesses will be able to apply for the Canada Emergency Wage Subsidy (CEWS) using the CRA's My Business Account beginning Monday, April 27th. In preparation, eligible employers need to ensure that both their login credentials and CRA direct deposit [...]

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Work-Sharing Agreements: preventing layoffs while preserving cash flow

Monday April 13, 2020

Work-Sharing (WS) presents a viable option for many employers to prevent layoffs, while still preserving cash flow, during the COVID-19 crisis. Work-Sharing is a formal agreement between eligible employers, employees and the federal government. It allows eligible employees to access partial EI benefits [...]

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Cash is King: Managing cash flow during the COVID-19 Crisis

Saturday April 11, 2020

The COVID-19 pandemic has had serious cash flow implications for most businesses. In order to quickly and effectively respond to the financial challenges delivered by the current crisis, business owners need to think and act like a CFO. As leader, your capacity to [...]

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Summary of Key Government Support to Canadian Businesses in Response to COVID-19

Monday April 6, 2020

Since mid-March, many economic measures have been announced in support of Canadian businesses. Some of the details of these programs have changed since their initial announcement and may continue to evolve as the needs of Canadians and Canadian businesses are better understood. The [...]

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COVID-19 Business Update: Canada Emergency Wage Subsidy

Thursday April 2, 2020

Details on the Canada Emergency Wage Subsidy (CEWS) were announced yesterday by Minister Morneau. While we continue to have many questions regarding CEWS, this is what we understand to be true at this time: CEWS will provide a 75% wage subsidy to eligible [...]

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COVID-19 Business Update: March 29, 2020

Sunday March 29, 2020

A flurry of new economic measures to support Canadian businesses were announced late last week across all levels of government. The details are still pending on the majority of these, and we will continue to update you as these details are made available. Working [...]

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UPDATE – additional details on government measures to combat COVID-19

Friday March 27, 2020

The Government of Canada has announced additional details on some of the fiscal measures being taken as part of the COVID-19 economic relief package: CRA filing deadlines Further extensions to some tax-related deadlines were announced on March 26th. The current deadlines are: *NEW* [...]

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UPDATE – announcements and recommendations regarding COVID-19 and your business

Wednesday March 25, 2020

The federal and provincial governments continue to announce new measures to combat the impact of COVID-19. The following is an updated summary of the most recent key government initiatives concerning COVID-19 and your business. We will do our best to summarize and share [...]

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