Canada Emergency Wage Subsidy (CEWS) Program – Updates and Summary

Important Updates The most important update to the Canada Emergency Wage subsidy program is that it’s been extended till August 29, 2020. Originally, the program was available from March 15, 2020 till June 6, 2020. The Canada Revenue Agency (CRA) will introduce a process to amend errors in the submitted CEWS claims. Employers won’t be…
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Updates to the Canada Emergency Business Account (CEBA) Program

The Canada Emergency Business Account (CEBA) offers partially forgivable, interest-free loans to small businesses that have experienced a decrease in revenue due to the Covid-19 pandemic. The amount of the loan is up to $40,000 and is provided to businesses to cover ongoing costs such as rent, insurance, utilities, taxes and employment expenditures. If the…
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Applying for Canada Emergency Commercial Rent Assistance (CECRA)

CECRA is designed to cover 75% of the rent for small business owners and will cover the months of April, May and June 2020. This will allow small business tenants to avoid bankruptcy and in turn property owners will continue to receive rental income. Applications for the program are now open and eligible owners can…
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