By Jenine Wiley / April 30, 2020

What Are You Thankful For?

The team at Equitus LLP express what they are thankful for during COVID-19.

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By Nizam Shajani / April 27, 2020

COVID-19 Federal Benefits and Supports – Canada Emergency Wage Subsidy Update

The CEWS provides a 75% wage subsidy to eligible employers for up to 12 weeks and is retroactive to March 15, 2020. The subsidy will be available at a rate of 75% of weekly remuneration paid to a maximum of $847 per employee. This could amount to a subsidy of up to $10,164 per employee over the twelve-weeks period.  Your business must have experienced a drop of at least 15% of revenue in March 2020 and 30% for April 2020 and/or May 2020 to qualify for this subsidy.

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By Nizam Shajani / April 22, 2020

COVID-19 Canada Emergency Student Benefit

Prime Minister Trudeau introduced the Canada Emergency Student Benefit today (CESB).  This subsidy is for students and recent graduates who are ineligible for the Canada Emergency Relief Benefit (CERB) and unable to find full-time employment or unable to work due to COVID-19.    

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By Nizam Shajani / April 16, 2020

COVID-19 – Canada Emergency Business Account Changes to Qualify

Prime Minister Trudeau and the Department of Finance announced changes to the Canada Emergency Business Account (CERB).  The account will provide interest-free loans in the form of lines of credit of up to $40,000 to businesses with payrolls of between $20,000 and $1.5 million in the 2019 year.  This is a change from the previous qualification of payroll between $50,000 and $1.0 million.  

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By Nizam Shajani / April 16, 2020

COVID-19 Canada Emergency Commercial Rent Assistance

Prime Minister Trudeau announced today a program for small business to assist in paying rents.  The Canada Emergency Commercial Rent Assistance (CECRA) will provide loans, including forgivable loans, to commercial property owners who in turn will lower or forgo the rent of small businesses for the months of April (retroactive), May, and June.

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By Nizam Shajani / April 16, 2020

COVID-19 Federal Benefits and Supports – Canada Emergency Response Benefit

The government has announced changes to the Canada Emergency Response Benefit (CERB).  In addition to have stopped working due to COVID-19, the benefit is now extended to those who earn up to $1,000 per month, to seasonal workers who have exhausted their EI regular benefits and are unable to undertake their regular seasonal work as a result of COVID-19, as well as to workers who have recently exhausted their EI regular benefits and are unable to find a job or return to work because of COVID-19.

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By Nizam Shajani / April 9, 2020

COVID-19 Canada Emergency Business Account Now Open

The Canada Emergency Business Account applications are now open. The account will provide interest-free loans in the form of lines of credit of up to $40,000 to businesses with payrolls of between $50,000 and $1 million in the 2019 year.  

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By Nizam Shajani / April 8, 2020

COVID-19 Federal Benefits and Supports – Canada Emergency Wage Subsidy Update

Prime Minister Trudeau announced an amendment to qualifying for the Canada Emergency Wage Subsidy today.  The Department of Finance today also released additional clarifications. 

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By Nizam Shajani / April 6, 2020

COVID-19 Federal Benefits and Supports – What Subsidy or Benefit is Best for Me?

Two subsidies and a benefit were announced recently that have many of our corporate clients asking what subsidy they should apply for.  Only one of the Emergency Wage Subsidy, Temporary Wage Subsidy or the Canadian Emergency Response Benefit (CERB) should be attributed to an individual. 

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By Nizam Shajani / April 5, 2020

COVID-19 Federal Benefits and Supports – Canada Emergency Relief Benefit (CERB)

Applications for the Canada Emergency Response Benefit (CERB) are now open.  If you have stopped working due to COVID-19 and qualify, you may receive up to $8,000 from the federal government. 

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