News

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 [...]

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 [...]

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* [...]

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 [...]