The CERS program will provide financial support to qualifying businesses, charities and non-profit organizations affected by the Covid-19 pandemic through a subsidy that is provided directly to tenants and property owners. This is a significant change from the previous rent assistance program, which was paid directly to landlords and passed on to tenants. The subsidy …
The Manitoba Bridge Grant provides a $5,000 taxable grant to eligible Manitoba businesses and organizations that are required to fully close their premises to the public as a result of the Manitoba Covid-19 protection orders put into effect as of November 12, 2020. Companies that were forced to seek alternative ways to provide goods and …
The Back to Work Manitoba Wage Subsidy initiative is a hiring program designed to support Manitoba’s economic recovery by encouraging Manitoba employers to bring back their employees or take on new hires. Eligible employers can receive a reimbursement of 50% of total wages paid between July 16 and December 31st, 2020 for employees hired on …
Small businesses may apply for grants of up to $5,000 to cover the costs of personal protective equipment, make physical modifications to their businesses to meet local health and safety requirements, and enhance their digital or e-commerce capabilities. Small businesses nation-wide can apply online through the Ontario Chamber of Commerce. Applications are open to small …
Check out our Q4 2020 edition of Tax Tips and Traps. Click on the image below to download:
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 …
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 …
The Manitoba Gap Protection Program (the “MGPP”) Read More »
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. …
The Canada Emergency Business Account (the “CEBA”) Read More »
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