COVID19

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What the CRA Said

Government Extends Loan Forgiveness Repayment Deadline for the CEBA On January 12th, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, and the Honourable Mary Ng, Minister of Economic Development, Small Business, International Trade, and Export Promotion, announced that the repayment deadline for CEBA loans to qualify for partial loan forgiveness is being extended…
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COVID-19 Federal Benefits and Supports – Canada Emergency Wage Subsidy Update

November 19, 2020 By Nizam Shajani, CPA, CA, MBA This subsidy is available to Canadian businesses, big or small, individuals, partnerships and corporations that are not publicly funded. This will also be available for not for profit organizations and charities. Those organizations that do not qualify for the Canada Emergency Wage Subsidy may continue to…
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Temporary Wage Subsidy for Employers – Updated from March 21st

March 21, 2020 By Nizam Shajani, CPA, CA, MBA On March 18th the federal government announced temporary wage subsidies for employers. The temporary wage subsidy for employers is a three-month measure that will allow eligible employers to reduce the amount of payroll deductions required to be remitted to the Canada Revenue Agency (CRA). Who qualifies?…
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COVID-19 Federal Benefits and Supports – CERB (Update from April 16th)

April 16, 2020 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 extended to those who earn up to $1,000 per month, to seasonal workers who have exhausted their EI regular benefits and…
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