Category: COVID-19

The Canada Recovery Hiring Program will provide eligible employers with a subsidy of up to 50% of incremental payroll costs between June 6, 2021 and Nov 20, 2021 Is my company eligible?  Eligibility of a company is pretty much the same as for CEWS (Canada Emergency Wage Subsidy).  So if you were eligible for CEWS […]

As the COVID-19 pandemic continues some businesses, such as those in tourism and hospitality, have been more heavily impacted and are struggling more than others to access financing. Once again, the Government of Canada has come forward with additional funding support for those most impacted. This particular program leverages both the speed and capacity of […]

Performance degradation is a problem we face on a daily basis. We could put effort to make the application blazing fast, but we soon end up where we started. It’s happening because of new features being added and the fact that we sometimes don’t have a second thought on packages that we constantly add and update.

The Canadian Emergency Business Account has been expanded to help more businesses. Last week alone over 3000 businesses were approved for CEBA loans totalling $130 Million. Now there will be a rush as businesses seek to access the additional funds available. As of December 4th you can now apply for an additional $20k bringing the […]

The Canadian Emergency Rent Subsidy (CERS) is now open for business. The Government has been receiving very strong feedback on previous mechanisms that were attempted in the hopes they would alleviate the burden of rent. As the community works together to try and limit the spread of COVID-19, commercial rent continues to be a large […]

The Federal government has been consistently coming out with subsidy details in a ‘just in time’ format, but this time their latest changes are a little retroactive and some businesses may have already submitted Period 8 claims. If you have already submitted you’ll want to go back and crunch the numbers again and see if […]

The Canadian Emergency Rent Subsidy (CERS) has been introduced by the Federal Government as a means to provide additional support to Canadian Businesses as they continue to navigate through the financial impacts of COVID-19. So far the government has provided details around the first 12 weeks of the program. Like CEWS the claim periods will […]

Justin Trudeau announced the CEWS rate will be frozen at the current rate for the rest of 2020. The question many entrepreneurs are asking is – what is that rate again? Is it 75%, 65%? In periods 1-4 the program had one rate. If you qualified you received a subsidy that was 75% of your […]

Looking back, the Canadian Emergency Wage Subsidy (CEWS) was initially covering a period from March 15 – June 6th and then in May it was formally extended to August 29th to represent a 24 week program. At that time the government confirmed that the eligibility that was established for the first 3 months would be […]

The $40,000 Canadian Emergency Bank Account (CEBA) has now expanded qualifying criteria beyond payroll requirements. Previously, businesses needed to have 2019 payroll of between $20,000 and $1,500,000 in order to qualify for these interest free loans (originally the range was $50,000 to $1,000,000, which was expanded based on business feedback). Although the program has helped […]