Covid-19

With Bill C-9 currently being fast-tracked through the House of Commons, the Canada Emergency Rent Subsidy (CERS) is expected to be enacted shortly. In preparation, we have created a summary of what we know about the program to date: Canada Emergency Rent Subsidy Summary The Canada [...]

*UPDATE* The COVID-19 Response Measures Act (formerly Bill C-4) received Royal Assent on October 2nd. The Canada Recovery Benefit was increased to $500/week and the Canada Recovery Sickness Benefit was extended to include those with underlying conditions that make them more susceptible to COVID-19. Here is [...]

On July 17th, the federal government unveiled details of their proposed changes to the Canada Emergency Wage Subsidy (CEWS). The program will be extended to December 19th, 2020 and the 30% revenue loss eligibility threshold will be replaced with a sliding scale rate—opening [...]

Expanded CEBA program launched The Canada Emergency Business Account program (CEBA) provides government-guaranteed, interest-free loans to small businesses and not-for-profits of up to $40,000. Repaying the balance of the loan on or before December 31th, 2022 will result in loan forgiveness of 25%, [...]

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 [...]

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 [...]

The federal government has introduced numerous measures over the past several weeks to assist Canadian businesses during the COVID-19 crisis. This week, the government announced expanded eligibly for two of these programs, and introduced a new initiative that would assist small businesses by [...]

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 [...]

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 [...]