HOW DO THE NEW CAPITAL GAINS RULES AFFECT YOU? In April, as part of the Federal Budget, the finance minister announced a change to the capital gains inclusion rate from 50% to 66.67%, effective from June 25, 2024. No matter your level of wealth, this change likely WILL affect you at some point. So, what has […]
In the early days of the COVID-19 crisis, as the federal and provincial governments rushed to rollout a whirlwind of relief benefits, Canadians applied for income support programs for which they believed they were eligible–one of the most readily available being the Canada Emergency Response Benefit (CERB) Some of those applications were later deemed inappropriate, […]
In the face of widespread confusion, complaints and a looming class action lawsuit, the federal government has changed course, cancelling plans to require some self-employed individuals to repay the Canada Emergency Response Benefit (CERB) funds they received at the height of the COVID-19 crisis. Controversy erupted late last year when the Canada Revenue Agency informed […]
As the fall approaches, federal COVID-19 relief measures are slowly wound down and the economic recovery plods along at a glacial pace with a potential pandemic second wave looming large, Ottawa understood that Canadians would need additional financial assistance in the months ahead. It delivered a costly new aid package last week that includes significant […]
Prime Minister Justin Trudeau today announced that the Canada Emergency Wage Subsidy—the federal program designed to encourage small to medium-sized employers to rehire or retain employees impacted by the COVID-19 crisis—will be extended beyond the original June 6th end date. A new proposed expiry date for the program has yet to be tabled, with Ottawa […]
COVID-19 relief funds continue to flow from Ottawa with yesterday’s announcement of a new Canada Emergency Student Benefit, a package to support students and recent graduates not eligible for the Canada Emergency Response Benefit. The nearly $9 billion package is designed to provide assistance to students who are unlikely to find work this summer as […]
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 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 […]
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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