Category: COVID-19

Avoiding Layoffs Through the Work-Sharing Program (WS) – March 30, 2020

Employers are now looking for options to maintain employees while reducing employment costs. One program that many are talking about is the Work-Sharing (WS) program. This is an Employment Insurance (EI) program that helps employers and employees avoid layoffs when there is a temporary decrease in business activity beyond the control over the employer. The […]
Learn More

Wage Subsidy Calculation – COVID-19 (March 20, 2020)

Business owners have had many questions the about the Government of Canada’s commitment to supporting businesses in response to COVID-19 including a Temporary Wage Subsidy. At the time we learned businesses can reduce source deductions by 10% up to a maximum of $1375/employee and a total of $25,000 per organization. This is a subsidy, which means […]
Learn More

COVID-19: Help is on the way – BDC Announcement

Help is on the way. The information is flowing fast and furious now in order to sustain business and employment continuity. Yesterday BDC announced Working capital loans of up to $2 million with flexible terms and payment postponements for qualifying businesses. I spoke with representatives from BDC and here is my understanding of how it […]
Learn More