Written By: Anjali Dilawri, CPA, CA LoganKatz Chartered Professional Accountants The federal government is investing $12 million into the Canada United Small Business Relief Fund (CUSBRF), to support small businesses through the coronavirus pandemic. The CUSBRF provides eligible small businesses with relief grants of up to $5,000, to be used for pandemic recovery efforts. The […]
CERB extended and EI benefits expanded.
The Government announced that the CERB benefit will be extended by 1 more 4-week period to September 26, 2020. This extension is followed by the addition of three new benefits being added to replace CERB, for a period of 1 year commencing September 27, 2020. Steps are also being taken to make qualification for the […]
Wage Subsidy Update – At first there’s more for everyone, but the phase-out is underway.
The federal government announced proposed changes to its Canada Emergency Wage Subsidy(CEWS) program that will take effect as of July 5, 2020. To summarize, there are three principal impacts of these changes: For the near term, companies that have experienced a revenue drop of greater than 50% will receive an even larger subsidy than the […]
Canada Emergency Commercial Rent Assistance: Provincial Program Details
The Government announces help with rent for small business. But is the “help” any better than the terms you may have already negotiated with your landlord? Who qualifies?: Businesses who pay less than $50,000/month in rent Non-essential businesses who were forced to close or other businesses that have suffered at least a 70% drop […]
UPDATED: Covid-19 Federal Government Assistance for Employers and Employees
UPDATED!!!! April 9th, 2020 If your business needs financial support: Canada Emergency Wage Subsidy: Designed to keep (or recall) employees on payroll, this program will subsidize a portion of your payroll cost. For employers that have suffered a 15% reduction in revenue due to Covid-19 in March 2020 and/or a 30% reduction in revenue for […]
CAPCORP is hiring and acquiring!
What a year it was. With a lot of hard work and great support from our clients and partners, we were very fortunate to have our most successful year in 2019. For the past 4 decades CAPCORP has built its reputation by providing clients with trusted advice and market-leading solutions in Employee Benefits, Financial Planning […]