Only 16,000 of Canada’s 1.2 million small businesses have applied for the Canada Emergency Commercial Rent Assistance (CECRA) in the first week. A survey by the Canadian Federation of Independent Businesses found that 40% of Canadian small … [Read more...]
Just for Dentists Newsletters
Our Top 2020 Post-Tax Season Planning Tips
How did you survive the tax season? Don’t ask your accountant how it went. Instead of being reunited with their families in May for a well-deserved R&R, the tax season was extended until June 1. Looking for additional tax revenues to pay back … [Read more...]
Will my practice ever go back to normal?
Will my revenues bounce back to the pre-Covid- 19 level? And if so, when is this likely to happen? To find an answer to these questions which are on every dentist’s mind, we could not find any Canadian publication that was helpful. However, we … [Read more...]
Businesses without employees now eligible for CEBA
Owner-operated businesses including professional practices will soon be able to apply for the Canada Emergency Business Account (“CEBA”). The program will now be available to a greater number of businesses that are sole proprietors receiving income … [Read more...]
Apply now for the B.C. Emergency Benefit for Workers
On May 1, 2020, online applications opened for the B.C. Emergency Benefit for Workers (BCEBW) The BCEBW is a one-time, tax-free payment of $1,000 for eligible B.C. residents whose ability to work has been affected due to COVID. In order to be … [Read more...]
The commercial rent assistance program. How can you benefit?
The government announced the Canada Emergency Commercial Rent Assistance program (CECRA) for small businesses. The CECRA will be available to eligible small businesses, meaning small business tenants that pay less than $50,000 per month in rent, … [Read more...]
COVID-19 Support for students
The federal government proposed $9 billion of relief for post-secondary students and recent graduates. The proposed programs include: a Canada Emergency Student Benefit, which would provide $1,250 per month ($1,750 for students with … [Read more...]
How to Apply for Canada Emergency Wage Subsidy Starting April 27th
The federal government has announced that applications for the 75 per cent wage subsidy for qualifying businesses will open on April 27th. How to apply for CEWS? Option 1: Let us help you. We are able to apply on your behalf through the … [Read more...]
Christmas in April: Get your $40,000 interest-free loan now!
The Canada Emergency Business Account (“CEBA”) is on the launch pad. On April 9, 2020, the major banks began accepting CEBA applications. Here is a summary of the rules, now that banks have begun to accept your application. Up to $40,000 … [Read more...]
The Canada Emergency Wage Subsidy (CEWS) – UPDATE
On April 11, 2020, the Canada Emergency Wage Subsidy legislation was passed. Here is a final summary of the important details of the program. What employers are eligible for the CEWS? Eligible entities include individuals, corporations and … [Read more...]