Articles: Updates for COVID-19

The Canada Emergency Business Account, now closed for applications, provided interest-free loans of up to $60,000 to small businesses and non-profits. NEW: The repayment deadline for CEBA loans to qualify for partial loan forgiveness has been extended a year – from December 31, 2022 to December 31, 2023 – for all eligible borrowers in good … Read more

Update: The federal government has announced that it will be expanding eligibility for the Canada Worker Lockdown Benefit (CWLB). Affected Canadian workers in designated lockdown regions can now apply for CWLB starting December 30th, 2021. Please see below for more details and eligibility criteria. For more information, please read our new blog “New and Extended … Read more

Bill C2 received Royal Assent in Parliament, passing legislation for the recently proposed extensions to individual and business COVID-19 support programs. We provide a summary of these programs here and will update as more information comes available. Canada Worker Lockdown Benefit The Canada Worker Lockdown Benefit (CWLB) gives temporary income support to people who cannot … Read more

UPDATE:  The federal government recently announced a proposal to extend the Canada Recovery Hiring Program to May, 2022.  Further information will be made available shortly. The Canada Recovery Hiring Program (CRHP), which was introduced during the federal budget has officially launched. The program provides a subsidy of up to 50 per cent of eligible salary … Read more

Last week, Deputy Prime Minister and Minister of Finance, Chrystia Freeland, delivered the federal budget for 2021. Below are select highlights that may have a positive impact your business or farm: 1. Covid-19 subsidy extensions and program winddowns The good news is that proposed budget will extend the current wage subsidy, rent subsidy, and Lockdown … Read more

Update: The government is proposing to continue COVID-19 business support programs until May 2022 for organizations hit hardest since the start of the pandemic or most affected by public health restrictions.  Further information will be made available shortly. What is the Canada Emergency Wage Subsidy? The Canada Emergency Wage Subsidy (CEWS) is a taxable benefit … Read more

The following is archived material.  Refer to the federal government for more information. The Canada Emergency Commercial Rent Assistance Program has now ended.  It has been replaced with the Canada Emergency Rent Subsidy Program.  Information provided here is for informational purposes only. Rent relief is available for small businesses and commercial property owners through the … Read more

Did your business take advantage of federal COVID-19 programs in 2020? If so, questions are likely racing through your mind about the tax implications of receiving benefits from the various programs. What do you need to report as income on your 2020 tax return? Will you have to pay additional tax on the emergency benefit … Read more

Originally published March 27, 2020. The following is archived material. Please refer to the Government of Nova Scotia for additional information.  The province has announced new programs for business owners experiencing economic hardship because of COVID-19. The province is releasing updates on their website. We will provide you with more information as soon as it’s … Read more

Originally published on March 29, 2020.  The following is archived material. Please refer to the Government of British Columbia for additional information. The B.C. government introduced a $5-billion aid package to support employees and businesses during the COVID-19 pandemic. The plan includes $2.8 billion in support for individuals and services, and $2.2 billion for businesses. … Read more