Recent COVID Support Updates
Canada Emergency Rent Subsidy (CERS) - On October 9, 2020, the federal government announced the new CERS program retroactive to September 27, 2020 and extended to June, 2021.
Canada Emergency Wage Subsidy (CEWS) - The government is proposing to further extend the CEWS until June, 2021. They have provided details of the program until December 19, 2020 which allows for a weekly maximum base subsidy benefit of $452 per employee.
Download Full PDF
25 NOVEMBER 2020
Hacking and CEWS / CERB Extensions
Compromised CRA "My Account" - We have been made aware of instances where individuals have had their personal CRA “My Account” compromised. The hacker finds access and enters their own
Direct Deposit information into the profile personal information.
EXTENTION - Canada Emergency Wage Subsidy (CEWS) - he government recently announced an
extension to this program to August 29 comprising 3 additional periods.
EXTENTION - Canada Emergency Response Benefit (CERB) - The government recently announced an extension to this program by a further 8 weeks providing
a maximum subsidy of $12,000 per person.
Download Full PDF
18 JUNE 2020
RRRF (for owners who take dividends)
Regional Relief and Recovery Fund (RRRF) - This recently announced relief fund will be particularly applicable those small companies whose
shareholders are remunerated by way of Dividend rather than salaries/wages.
Download Full PDF
18 May 2020
More - Wage Subsidy, Students & Seniors
Wage Subsidy Extention - Today the government announced an extension to the Canadian Emergency Wage Subsidy (CEWS) Program.
Relief for Students - The Canada Emergency Student Benefit (CESB) provides financial relief to students and recent graduates who are unable to work or unable to find work due to COVID-19.
Relief for Seniors - Earlier this week, a one-time tax-free payment of $300 for seniors receiving Old Age Security (OAS) and an additional $200 for those seniors receiving the Guaranteed Income Supplement (GIS) was announced.
Download Full PDF
15 MAY 2020
Calculating the CEWS
Calculation of the Canada Emergency Wage Subsidy (CEWS) - Today, the government announced that the application process will start for the CEWS on April 27th, 2020.
Download Full PDF
21 APRIL 2020
New Program (CECRA) and Updates
Canada Emergency Commercial Rent Assistance (CECRA) - This program will provide loans and / or forgivable loans to commercial property owners who in turn will lower or forgo rent due from their small business tenants for the months of April (retroactive), May and June.
CHANGES - Canada Emergency Response Benefit (CERB) - There have also been changes to the CERB.
Download Full PDF
17 APRIL 2020
Dividend Remuneration CERB Needed Changes
Canadian Emergency Response Benefit program became Law this last weekend. The Government’s Covid-19 programs to date offer relief for employers paying wages and for
individuals receiving wages (or self employment income). However, Bill C-14 excluded
addressing the needs of Incorporated owner/operators who remunerate themselves with
Dividends. This is a serious oversight by the Government and offers no concrete relief for many
of our clients.
Download Full PDF
15 APRIL 2020
Revised Canada Emergency Wage Subsidy
Update on the Canada Emergency Wage Subsidy - Over the weekend, Bill C-14 received Royal Assent and became law. This Bill formalizes the
terms of the Canada Emergency Wage Subsidy program (the “CEWS”) which is intended to help
employers retain their employees during the Covid-19 crisis. The CEWS program provides a 75%
wage subsidy to eligible employers for up to 12 weeks for the period between March 15th to June 6th, 2020.
Download Full PDF
14 APRIL 2020
CEBA Loans (COVID19)
Canada Emergency Business Account (CEBA) - Our prior bulletin outlined a summary of the recently announced CEBA as part of Covid-19 emergency
response. This bulletin provides further details.
Download Full PDF
8 APRIL 2020
CRA My Account (COVID-19)
Temporary Wage Subsidy Program - In order to set up your direct deposit with CRA for the purposes of receiving that 75% wage
subsidy benefit, you must first register as an individual with CRA.
Canada Emergency Response Benefit (CERB) - Note that there are further changes coming to address the needs of those who received
DIVIDENDS from their own SMALL BUSINESS CORPORATION. This will be addressed in our
next Bulletin, once we obtain clarification.
To set up My Business Account, click on this link: https://www.canada.ca/en/revenue-agency/services/e-services/e-services-businesses/business-account.html
Download Full PDF
7 APRIL 2020
Government Program Roll-out (COVID-19)
Temporary Wage Subsidy Program - On March 30th, 2020, the government announced changes to the wage subsidy program. This
announcement was very general in nature but today, the Minister of Finance provided further details.
Canada Emergency Business Account - The new Canada Emergency Business Account program guarantees interest free loans of up to $40,000
to small businesses and not-for-profits to help cover operating costs during a period where revenues have been temporarily reduced.
Canada Emergency Response Benefit (CERB) - Today, the Minister of Finance announced further details on the CERB.
Download Full PDF
1 APRIL 2020
Recent COVID Support Updates
Canada Emergency Rent Subsidy (CERS) - On October 9, 2020, the federal government announced the new CERS program retroactive to September 27, 2020 and extended to June, 2021.
Canada Emergency Wage Subsidy (CEWS) - The government is proposing to further extend the CEWS until June, 2021. They have provided details of the program until December 19, 2020 which allows for a weekly maximum base subsidy benefit of $452 per employee.
Download Full PDF
25 NOVEMBER 2020
Hacking and CEWS / CERB Extensions
Compromised CRA "My Account" - We have been made aware of instances where individuals have had their personal CRA “My Account” compromised. The hacker finds access and enters their own
Direct Deposit information into the profile personal information.
EXTENTION - Canada Emergency Wage Subsidy (CEWS) - he government recently announced an
extension to this program to August 29 comprising 3 additional periods.
EXTENTION - Canada Emergency Response Benefit (CERB) - The government recently announced an extension to this program by a further 8 weeks providing
a maximum subsidy of $12,000 per person.
Download Full PDF
18 JUNE 2020
RRRF (for owners who take dividends)
Regional Relief and Recovery Fund (RRRF) - This recently announced relief fund will be particularly applicable those small companies whose
shareholders are remunerated by way of Dividend rather than salaries/wages.
Download Full PDF
18 May 2020
More - Wage Subsidy, Students & Seniors
Wage Subsidy Extention - Today the government announced an extension to the Canadian Emergency Wage Subsidy (CEWS) Program.
Relief for Students - The Canada Emergency Student Benefit (CESB) provides financial relief to students and recent graduates who are unable to work or unable to find work due to COVID-19.
Relief for Seniors - Earlier this week, a one-time tax-free payment of $300 for seniors receiving Old Age Security (OAS) and an additional $200 for those seniors receiving the Guaranteed Income Supplement (GIS) was announced.
Download Full PDF
15 MAY 2020
Calculating the CEWS
Calculation of the Canada Emergency Wage Subsidy (CEWS) - Today, the government announced that the application process will start for the CEWS on April 27th, 2020.
Download Full PDF
21 APRIL 2020
New Program (CECRA) and Updates
Canada Emergency Commercial Rent Assistance (CECRA) - This program will provide loans and / or forgivable loans to commercial property owners who in turn will lower or forgo rent due from their small business tenants for the months of April (retroactive), May and June.
CHANGES - Canada Emergency Response Benefit (CERB) - There have also been changes to the CERB.
Download Full PDF
17 APRIL 2020
Dividend Remuneration CERB Needed Changes
Canadian Emergency Response Benefit program became Law this last weekend. The Government’s Covid-19 programs to date offer relief for employers paying wages and for
individuals receiving wages (or self employment income). However, Bill C-14 excluded
addressing the needs of Incorporated owner/operators who remunerate themselves with
Dividends. This is a serious oversight by the Government and offers no concrete relief for many
of our clients.
Download Full PDF
15 APRIL 2020
Revised Canada Emergency Wage Subsidy
Update on the Canada Emergency Wage Subsidy - Over the weekend, Bill C-14 received Royal Assent and became law. This Bill formalizes the
terms of the Canada Emergency Wage Subsidy program (the “CEWS”) which is intended to help
employers retain their employees during the Covid-19 crisis. The CEWS program provides a 75%
wage subsidy to eligible employers for up to 12 weeks for the period between March 15th to June 6th, 2020.
Download Full PDF
14 APRIL 2020
CEBA Loans (COVID19)
Canada Emergency Business Account (CEBA) - Our prior bulletin outlined a summary of the recently announced CEBA as part of Covid-19 emergency
response. This bulletin provides further details.
Download Full PDF
8 APRIL 2020
CRA My Account (COVID-19)
Temporary Wage Subsidy Program - In order to set up your direct deposit with CRA for the purposes of receiving that 75% wage
subsidy benefit, you must first register as an individual with CRA.
Canada Emergency Response Benefit (CERB) - Note that there are further changes coming to address the needs of those who received
DIVIDENDS from their own SMALL BUSINESS CORPORATION. This will be addressed in our
next Bulletin, once we obtain clarification.
To set up My Business Account, click on this link: https://www.canada.ca/en/revenue-agency/services/e-services/e-services-businesses/business-account.html
Download Full PDF
7 APRIL 2020
Government Program Roll-out (COVID-19)
Temporary Wage Subsidy Program - On March 30th, 2020, the government announced changes to the wage subsidy program. This
announcement was very general in nature but today, the Minister of Finance provided further details.
Canada Emergency Business Account - The new Canada Emergency Business Account program guarantees interest free loans of up to $40,000
to small businesses and not-for-profits to help cover operating costs during a period where revenues have been temporarily reduced.
Canada Emergency Response Benefit (CERB) - Today, the Minister of Finance announced further details on the CERB.
Download Full PDF
1 APRIL 2020