COVID-19

Application process to begin May 15 at 6:00 AM ET. Details on the Application process have now been released. The CESB Enquiries phone line is 1-833-966-2099. The CESB is intended to provides financial support to post-secondary students, and recent post-secondary … Continue reading →

A one-time tax-free payment of $300 for seniors eligible for the Old Age Security (OAS) pension, with an additional $200 for seniors eligible for the Guaranteed Income Supplement (GIS) will be made available. The New Horizons for Seniors Program will … Continue reading →

Commercial Rent Assistance – New Information Released!April 29, 2020New information on the Canada Emergency Commercial Rent Assistance (CECRA) program. To qualify for CECRA for small businesses, the property owner must meet the following requirements: own property that generates rental revenue … Continue reading →

Canada Emergency Student Benefits Act – Legislation tabledApril 29, 2020Bill C-15 was tabled in respect of CESB. Some items of note: 1) Students must be Canadian citizens, permanent residents, or registered as an “Indian under the Indian Act”. Applications must … Continue reading →

If you have been asked by your employer due to COVID-19 to work from home you may qualify for a tax deduction for some of your expenses. Keep all your home expense receipts such as: Accounting fees Office supplies Electricity, … Continue reading →

PM’s Update – CEWS 75% wage subsidyApril 27, 2020CEWS applications have begun. https://www.canada.ca/en/revenue-agency/services/subsidy/emergency-wage-subsidy.html Deposits will begin May 7, 2020. Almost 10,000 businesses have already applied in the first 3 hours. Parliament will reconvene shortly to pass legislation regarding student support … Continue reading →

$9 billion of funding in total for students have been announced. They include: Canada Emergency Student Benefit $1,250/month from May to August up to $1,750/month if you take care of someone else or have a disability must be a post … Continue reading →

75% Canada Emergency Wage Subsidy (CEWS) Registration will commence on April 27, 2020 and be first processed on May 4 in bulk. Payments are targeted to begin on May 5. 3,000 auditors have been assigned to manually review certain claims. … Continue reading →

WHAT IS THE EARNINGS LIMITATION? When submitting the first claim, you cannot have earned more than $1,000 in employment and/or self-employment income for 14 or more consecutive days within the four-week benefit period of your claim. When submitting subsequent claims, … Continue reading →

$40,000 CANADA EMERGENCY BUSINESS ACCOUNT (CEBA) Those who spent between $20,000 and $1.5 million for 2019 in total payroll will now be eligible.  Previously, the limits were $50,000 and $1.0 million. https://pm.gc.ca/en/news/news-releases/2020/04/16/prime-minister-announces-additional-support-small-businesses CANADA EMERGENCY COMMERCIAL RENT ASSISTANCE A new program … Continue reading →