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...]
Just for Dentists Newsletters
14
Apr, 2020 Christmas in April: Get your $40,000 interest-free loan now!
April 14, 2020 by
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...]
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Apr, 2020 The Canada Emergency Wage Subsidy (CEWS) – UPDATE
April 14, 2020 by
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...]
6
Apr, 2020 CERB vs CEWS Which Pays More?
April 6, 2020 by
Justin Trudeau in his daily address has been highlighting frequently The Canada Emergency Response Benefit (“CERB”) and the Canada Emergency Wage Subsidy (“CEWS”) as unprecedented measures to help those suffering from lost income due to COVID-19. … [Read more...]
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Apr, 2020 Accessing Wage Subsidies
April 6, 2020 by
With dental offices across the country closed or only open for emergency services, access to immediate cash flow benefits is crucial. If dentists are still employing some staff or were on a salary themselves prior to the crisis then many will be … [Read more...]
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Apr, 2020 The Canada Emergency Wage Subsidy – What does it mean to you?
April 2, 2020 by
Here are the highlights of the Wage Subsidy as released by Finance Minister Bill Morneau on April 1, 2020. No draft legislation has been released yet, but you can expect that the details of the program will be refined. Here is the … [Read more...]
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Mar, 2020 What you need to know about the COVID-19 Economic Response Plan
March 23, 2020 by
The government just released its Economic Response Plan. Here are the changes that you should be aware of. Tax deferral-business: Businesses are able to defer payment of income tax until September 1, 2020. This deferral applies to tax balances and … [Read more...]
16
Mar, 2020 Your investments and the coronavirus
March 16, 2020 by
Investors are already facing the devastating impact of the coronavirus. The stock market went into free fall in early March, eradicating many years of investment gains. Looking at the ruins of a prosperous investment portfolio, investors are … [Read more...]
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Mar, 2020 More dentists are making less money and what to do about it
March 16, 2020 by
While the demand for dental treatments is stagnant, the supply of dentists is increasing steadily. Unable to fill their daily appointment books, many dentists are experiencing a decline in revenue. As more dental clinics open, there is also a … [Read more...]
3
Mar, 2020 Don’t miss out on the capital gains exemption
March 3, 2020 by
You cannot start too soon getting prepared for the eventual sale of your practice. In fact you should make sure right now that you have the full entitlement of $883,000 of the capital gains exemption available. If you are expecting the sales price … [Read more...]
