On March 22, 2021, the Government of Canada announced that the deadline for Canada Emergency Business Account (CEBA) applications is extended from March 31 to June 30, 2021. This deadline extension applies to any new applications for CEBA...
business owners Articles
Government of Canada to allow up to $400 for home office expenses
For the 2020 tax year, the Government of Canada introduced a temporary flat rate method to allow Canadians working from home this year due to Covid-19 to claim expenses of up to $400. Taxpayers will still be...
Canada Emergency Wage Subsidy expanded to include more businesses!
On July 17th, Finance Minister Bill Morneau announced proposed changes to the Canada Emergency Wage Subsidy (CEWS) that will expand the number of businesses that qualify for the program. The major changes he announced were:"First, we're proposing...
Canada Emergency Wage Subsidy extended into December!
On July 13th, Prime Minister Justin Trudeau announced the extension of the Canada Emergency Wage Subsidy (CEWS) until December. The Prime Minster stated:"You've seen me come out to talk with Canadians about what we're doing to help you and your...
CERB Extended | Business Owners who did not qualify previously – expanded CEBA starts June 19th
CERB Extended 2 more monthsGreat news for Canadians out of work and looking for work. The CERB will be extended another 8 weeks for a total of up to 24 weeks. As the country begins to restart the economy, the Federal government will be making...
The Need for Corporate Life Insurance
Life insurance is used for two general purposes in a private corporation – managing risk and creating opportunities. The risk management function is satisfied as life insurance provides the corporation...
Small Businesses! Applications for Canada Emergency Commercial Rent Assistance starts May 25th
Lower rent by 75% for small businesses that have been affected by COVID-19The Application portal for the Canada Emergency Commercial Rent Assistance (CECRA) opens at 8:00am EST on May 25th. The description from the CMHC website: "Canada Emergency...
Expanded eligibility for CEBA $40,000 interest-free loan
"If you are the sole owner-operator of a business, if your business relies on contractors, or if you have a family-owned business and you pay employees through dividends, you will now qualify." - PM Justin TrudeauEligibilityThe Prime Minister...
Extended! Canada Emergency Wage Subsidy extended beyond June
On May 8th, Prime Minister Justin Trudeau announced that they will extend the Canada Emergency Wage Subsidy (CEWS) beyond June. This measure gives qualifying employers up to $847 per employee each week so they can keep people on the payroll....
Apply for Canada Emergency Wage Subsidy starting April 27th | Calculate your subsidy
Apply for CEWS starting April 27thOn April 21st, Prime Minister Justin Trudeau announced that the Canada Revenue Agency will accept applications for the Canada Emergency Wage Subsidy (CEWS) starting Monday, April 27th. This new measure gives...