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In the current pandemic environment, there is often instability for both employees and self-employed individuals. In addition to the enhanced EI program, the Canadian government is currently offering the following benefits: Canada Recovery Caregiving Benefit (CRCB) If you are eligible for the CRCB, your household can receive $500 ($450 after taxes withheld) for each 1-week […]

For those who have already been approved and are seeking the 20K expansion Anyone who already has a $40,000 CEBA loan may be eligible to apply for the $20,000 expansion. If you already repaid part of your original loan you can still apply for the expansion. As of today’s date (December 9th, 2020) some banks

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

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.