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Category: 2020 Only

CEBA extended to October 31st. Expanded to include more businesses.

September 1, 20202020 Only, Blog, Coronavirus, Coronavirus - Practice Owners, DebtEric Wachtel

On August 31st, Deputy Prime Minister and Minister of Finance Chrystia Freeland announced the extension of the Canada Emergency Business Account (CEBA) to October 31st, 2020. This will give small businesses 2 additional months to apply for the $40,000 loan.

In addition, the Federal Government said it was working with financial institutions to make the CEBA program available to those with qualifying payroll or non-deferrable expenses that have so far been unable to apply due to not operating from a business banking account.

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Details of the EXPANDED Canada Emergency Wage Subsidy

August 12, 20202020 Only, Blog, Coronavirus, Coronavirus - Practice OwnersEric Wachtel

On August 11th, the Government of Canada updated the calculator and Canada.ca with the changes to the Canada Emergency Wage Subsidy (CEWS).

If you’re a business owner who has suffered losses as a result of COVID-19 and did NOT qualify previously for CEWS, you may now qualify.

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CERB Extended | Business Owners who did not qualify previously – expanded CEBA starts June 19th

June 17, 20202020 Only, Blog, Business Owners, Coronavirus, Coronavirus - Associates, Coronavirus - Practice Owners, Coronavirus - Students, corporate, individualsEric Wachtel

Great news for Canadians out of work and looking for work. The CERB will be extended another 8 weeks for a total of up to 24 weeks.

The expanded CEBA will begin June 19th.

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Small Businesses! Applications for Canada Emergency Commercial Rent Assistance starts May 25th

May 24, 20202020 Only, Blog, Business Owners, Coronavirus, Coronavirus - Practice Owners, corporateEric Wachtel

The Application portal for the Canada Emergency Commercial Rent Assistance (CECRA) opens at 8:00am EST on May 25th

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Expanded eligibility for CEBA $40,000 interest-free loan

May 19, 20202020 Only, Blog, Business Owners, Coronavirus, Coronavirus - Practice OwnersEric Wachtel

The Prime Minister outlined the expanded eligibility for the Canada Emergency Business Account and highlighted companies such as hair salon owners, independent gym owners with contracted trainers and local physio businesses will now be eligible.

“If you are the sole owner-operator of a business, if your business relies on contractors, or if you have a family-owned business and you pay employees through dividends, you will now qualify.” – PM Justin Trudeau

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Apply starting Friday for Canada Emergency Student Benefit! Help on the way for seniors.

May 13, 20202020 Only, Blog, Coronavirus, Coronavirus - Retired, Coronavirus - Students, RetirementEric Wachtel

The Canada Emergency Student Benefit (CESB) provides financial support to post-secondary students, and recent post-secondary and high school graduates who are unable to find work due to COVID-19.

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Extended! Canada Emergency Wage Subsidy extended beyond June

May 8, 20202020 Only, Blog, Business Owners, Coronavirus, Coronavirus - Practice OwnersEric Wachtel

On May 8th, Prime Minister Justin Trudeau announced that they will extend the Canada Emergency Wage Subsidy (CEWS) beyond June.

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75% Commercial Rent Assistance Program

April 24, 20202020 Only, Blog, Coronavirus, Coronavirus - Practice OwnersEric Wachtel

On April 24th, the Federal Government in partnership with the provinces and territories unveiled the Canada Emergency Commercial Rent Assistance which provides rent relief to businesses.

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Canada Emergency Student Benefit: Students will be eligible for $1,250 a month from May through August

April 22, 20202020 Only, Blog, Coronavirus, Coronavirus - StudentsEric Wachtel

Great news for students worried about financially making ends meet. Prime Minister Justin Trudeau announced the Canada Emergency Student Benefit which provides $1,250/month from May through August or $1,750/month for those taking care of someone else or have a disability.

For students looking to volunteer to help fight COVID-19, the Canada Student Service Grant provides $1,000 to $5,000

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Apply for Canada Emergency Wage Subsidy starting April 27th | Calculate your subsidy

April 21, 20202020 Only, Blog, Business Owners, Coronavirus, Coronavirus - Practice OwnersEric Wachtel

On April 21st, Prime Minister Justin Trudeau announced that the Canada Revenue Agency will accept applications for the Canada Emergency Wage Subsidy (CEWS) starting Monday, April 27th. This new measure gives qualifying employers up to $847 per employee each week so they can keep people on the payroll.

Read More
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Recent Posts

  • Extended COVID-19 Federal Emergency Benefits
  • Self-employed: Government of Canada addresses CERB repayments for some ineligible self-employed recipients
  • Government of Canada to allow up to $400 for home office expenses
  • Highlights of the 2020 Federal Fall Economic Statement | Additional $20,000 CEBA loan available now
  • Applications for the new Canada Emergency Rent Subsidy starts today!

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Eric Wachtel
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