The federal government yesterday announced that it would begin accepting applications for the Canada Emergency Wage Subsidy (CEWS) on April 27th, 2020. Businesses should expect to receive funds in May. Ottawa also released details on how to apply for the CEWS, which for organizations registered with the Canada Revenue Agency, can be managed through their […]
The federal government today announced changes to the Canada Emergency Business Account loan program that should expand access to interest-free loans for small- to medium-sized businesses left reeling by the COVID-19 outbreak. Under the new rules, small businesses and not-for-profits that can demonstrate payroll expenditures in 2019 of between $20,000 and $1.5 million, will be […]
Adjustments to new federal relief programs designed to help support Canadians impacted by COVID-19 continues. Prime Minister Justin Trudeau yesterday announced a much-anticipated expansion of the Canada Emergency Response Benefit (CERB), which faced heavy criticism due to eligibility rules that disqualified large swaths of the population. The government has since acted to close many […]
After an extraordinarily compressed timeline for debate and amendment, Bill C-14, the legislation to enact the new Canada Emergency Wage Subsidy that will provide relief to employers struggling to remain operational due to COVID-19, has received royal assent. The legislation is highly technical and laden with definitions and exceptions that make it complex—if there was […]
News today that the federal government is, indeed, considering changes to the new Canada Emergency Wage Subsidy to aid organizations struggling in the wake of the COVID-19 crisis, was lauded by many in the business community. As we reported previously, the $71 billion program would provide a subsidy of up to 75 per cent of […]
By all accounts, today’s rollout of the Canada Emergency Response Benefit (CERB) has gone relatively smoothly. Ottawa estimated that more than 240,000 Canadians, in search of financial support due to the COVID-19 crisis, had successfully applied for the program this morning alone. But at his daily press briefing, Prime Minister Justin Trudeau addressed criticism over […]
It’s challenging to design a multibillion-dollar piece of legislation at the best of times. Factor in the raging global coronavirus pandemic, a collapsing national economy and a business community in desperate need of support due to COVID-19 business closures, and we can all appreciate the uphill battle facing the federal government as it works to […]
The federal government today announced details of the much-anticipated Canada Emergency Wage Subsidy. As we noted in a previous blog, the program is designed to support Canadian businesses struggling to meet payroll and other operational needs in the face of the unprecedented COVID-19 crisis, while protecting jobs and discouraging further layoffs. Under the proposed plan, […]
The federal government today announced tax filing extensions to help individual Canadians and businesses manage through the COVID-19 crisis. Businesses, including self-employed individuals, will be allowed to defer GST/HST payments, as well as custom duties on imports, until June 30, 2020. The deferral generally applies to remittances that would be due between March and […]
The federal government has proposed a staggering set of measures to help individual Canadians and businesses cope in the face of the COVID-19 pandemic. One of the most significant programs announced thus far is the Canada Emergency Response Benefit (CERB). The program will merge and enhance the previously announced Emergency Care Benefit and the Emergency […]
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