Prime Minister Justin Trudeau today announced that the Canada Emergency Wage Subsidy is being extended until August 29th, 2020. The measure was set to expire on June 6th, 2020. The Canada Emergency Wage Subsidy is designed to encourage small- to medium-sized businesses to retain or rehire employees and avoid layoffs as the pandemic carries on. […]
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 […]
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 of […]
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 […]
Extraordinary times call for extraordinary measures. The federal government’s latest response to the COVID-19 pandemic, a breathtaking $82 billion stimulus package announced today, underscored the severity of the current—and coming wave—of economic upheaval facing Canadian businesses in the weeks and months ahead. Put simply, all prior fiscal projections are now irrelevant. Business performance estimates must […]
The first week of the federal election campaign, most pundits griped, was a notably dull affair. At least until Time magazine published ‘brown face’ photos of Prime Minister Justin Trudeau. That’s when the horserace to elect our next government got interesting. Whether the PM survives the scandal remains to be seen. But when the dust […]
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