Update: Yesterday, August 4th, I have purchased a proprietary tool to assist our clients with the calculations of the Canada Emergency Wage subsidy. This tool allows us to stay up to date with all the new changes in the calculations as well as always be up to date with calculations for our clients! The tool…
On Saturday, Parliament passed bill C-14 which included the details of the Canada Emergency Wage Subsidy (CEWS) for businesses across Canada. Below is our overview of the program and how it can help businesses. The program is a 75% wage subsidy for a 12 week period, retroactive to March 15, 2020. Eligible Employers are: Individuals;…
I wanted to provide a quick update on a new program outlined by the Province of New Brunswick yesterday. The Government of New Brunswick Small Business Working Capital program has been released by the Province of NB and will be overseen by the CBDC offices in the various communities. The program can provide working capital…
Some good news to start your Friday. We have been able to obtain a few more details around the Canada Emergency Wage Subsidy and they provide some clarity to the situation. Here is the update: The 75% wage subsidy is available if you meet the Revenue Test. The Revenue Test, is a test where your…
As have many of you, we have been waiting patiently, in anticipation, for the announcement of details of the wage subsidy from the Canada’s Federal Government. At his daily address to the Nation, the Prime Minister was vague, however, the Finance Minister provided a few more pieces of information this afternoon. Here is what we…
Bill C-13 is currently making its way through the Senate as I write this. I have taken an opportunity to review the bill as passed by the House of Commons and this is my summary. If there are any changes to the Bill or additional information becomes available, this post will be updated to reflect…
Approximately an hour ago, like many of you, our team members were watching our Prime Minister deliver news that the Canada/US border was closing to non-essential traffic as well as unveiling the Economic Response Plan. I am going to provide you with my interpretation of the Response Plan based on the facts that are currently…