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…
November 23, 2020 By Nizam Shajani, CPA, CA, MBA Canadian businesses, non-profit organizations and charities that have a drop in revenue due to COVID-19 may be eligible for a rent subsidy for the period between September 27, 2020 and June…
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.…
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…
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…
October 3, 2020 By Nizam Shajani, CPA, CA, MBA The CERB ends October 3, 2020 or once you have received 28 weeks of benefits (whichever comes first). The CERB will transition to Employment Insurance (EI) and be called the Canada…
Employment Benefits and Allowances by Eeva Harrop, CPA, CA, MSc, TEP and Nizam Shajani, CPA, CA, MBA A benefit is a good or service an employer gives to an employee such as the free use of a property it owns.…
By: Eeva Harrop, CPA, CA, MSc, TEP and Nizam Shajani, CPA, CA, MBA On July 17th the Department of Finance announced changes to the Canada Emergency Wage Subsidy (CEWS) program which many are calling CEWS 2.0. The good news is…