Month: August 2020

Financial Aid for Seniors

This morning the Federal government announced direct financial aid for Canadian seniors. Key measures include: Providing financial support of $2.5 billion for 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). Temporarily extending GIS and …

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The Manitoba Gap Protection Program (the “MGPP”)

The Canada Revenue Agency is set to launch the application platform for the Canada Emergency Wage Subsidy (“CEWS”) on Monday April 27, 2020. Applications will be processed through the CRA – My Business Account To guide businesses through the qualification and claim process and to assist with accumulating information that will be required for the …

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The Canada Emergency Business Account (the “CEBA”)

Earlier this morning Prime Minister Justin Trudeau announced an expanded eligibility to this $40,000 interest-free loan program. Previously, one of the eligibility requirements was that 2019 payroll had to be between $50,000 and $1,000,000. These 2019 payroll limits have now been expanded to $20,000 and $1,500,000. Applications continue to be done through your financial institution. …

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