April 2020 - Shajani LLP Professional Accountants

COVID-19 Federal Benefits and Supports – Canada Emergency Wage Subsidy Update

April 27, 2020
Nizam Shajani, CPA, CA, MBA, Partner

COVID-19 Federal Benefits and Supports Canada Emergency Wage Subsidy Update By Nizam Shajani, CPA, CA, MBA The Canada Emergency Wage Subsidy (CEWS) application is now open. The CEWS provides a 75% wage subsidy to eligible employers for up to 12…

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COVID-19 Canada Emergency Student Benefit

April 22, 2020
Nizam Shajani, CPA, CA, MBA, Partner

COVID-19 Canada Emergency Student Benefit By Nizam Shajani, CPA, CA, MBA Prime Minister Trudeau introduced the Canada Emergency Student Benefit today (CESB). This subsidy is for students and recent graduates who are ineligible for the Canada Emergency Relief Benefit (CERB)…

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COVID-19 Federal Benefits and Supports – Canada Emergency Response Benefit

April 16, 2020
Nizam Shajani, CPA, CA, MBA, Partner

COVID-19 Federal Benefits and Supports Canada Emergency Response Benefit By Nizam Shajani, CPA, CA, MBA The government has announced changes to the Canada Emergency Response Benefit (CERB). In addition to have stopped working due to COVID-19, the benefit is now…

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COVID-19 Canada Emergency Commercial Rent Assistance

April 16, 2020
Nizam Shajani, CPA, CA, MBA, Partner

By Nizam Shajani, CPA, CA, MBA Prime Minister Trudeau announced today a program for small business to assist in paying rents. The Canada Emergency Commercial Rent Assistance (CECRA) will provide loans, including forgivable loans, to commercial property owners who in…

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COVID-19 – Canada Emergency Business Account Changes to Qualify

April 16, 2020
Nizam Shajani, CPA, CA, MBA, Partner

By Nizam Shajani, CPA, CA, MBA Prime Minister Trudeau and the Department of Finance announced changes to the Canada Emergency Business Account (CERB). The account will provide interest-free loans in the form of lines of credit of up to $40,000…

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COVID-19 Canada Emergency Business Account Now Open

April 9, 2020
Nizam Shajani, CPA, CA, MBA, Partner

April 9, 2020 – 8:00 AM By Nizam Shajani, CPA, CA, MBA The Canada Emergency Business Account applications are now open. The account will provide interest-free loans in the form of lines of credit of up to $40,000 to businesses…

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COVID-19 Federal Benefits and Supports – Canada Emergency Wage Subsidy Update

April 8, 2020
Nizam Shajani, CPA, CA, MBA, Partner

April 8, 2020 – 7:00 PM By Nizam Shajani, CPA, CA, MBA Prime Minister Trudeau announced an amendment to qualifying for the Canada Emergency Wage Subsidy today. The Department of Finance today also released additional clarifications. Prime Minister Trudeau said…

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COVID-19 Federal Benefits and Supports – What Subsidy or Benefit is Best for Me?

April 6, 2020
Nizam Shajani, CPA, CA, MBA, Partner

April 6, 2020 – 8:30 AM By Nizam Shajani, CPA, CA, MBA Two subsidies and a benefit were announced recently that have many of our corporate clients asking what subsidy they should apply for. Only one of the Emergency Wage…

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COVID-19 Federal Benefits and Supports – Canada Emergency Relief Benefit (CERB)

April 5, 2020
Nizam Shajani, CPA, CA, MBA, Partner

April 5, 2020 – 10:00 PM By Nizam Shajani, CPA, CA, MBA Applications for the Canada Emergency Response Benefit (CERB) are now open. If you have stopped working due to COVID-19 and qualify, you may receive up to $8,000 from…

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COVID-19 Federal Benefits and Supports – Update – Temporary Wage Subsidy for Employers

April 2, 2020
Nizam Shajani, CPA, CA, MBA, Partner

April 2, 2020 – 3:00 PM By Nizam Shajani, CPA, CA, MBA On March 18th the federal government announced temporary wage subsidies for employers. Subsequently the Canadian Emergency Wage Subsidy (CEWS) was announced. The department of finance has clarified that…