https://elinsurance.ca/wp-content/uploads/2021/02/Self-employed.png281500Orna Elizurhttps://elinsurance.ca/wp-content/uploads/2024/11/Logo-No-Backgroundimage.pngOrna Elizur2021-02-12 16:28:222021-02-12 17:48:20Self-employed: Government of Canada addresses CERB repayments for some ineligible self-employed recipients
Finance Minister Chrystia Freeland recently provided the government’s fall economic update. It included information on the government’s strategy for dealing with the COVID-19 pandemic and its plan to help shape the recovery. We’ve summarized the highlights for you:
• Corporate Tax Changes, including extensions to subsidy programs.
• Personal Tax Changes, including additional Canada Child Benefit Plan payments and a new “Work from home” tax credit.
• Indirect Tax Changes, including the proposal to charge GST/HST on services provided via digital platforms, as well as the temporary removal of GST/HST on face masks and shields.
For business owners, as of December 4th, the CEBA loan has been expanded by an additional $20,000.
https://elinsurance.ca/wp-content/uploads/2020/12/Highlights-of-the-2020-Federal-Fall-Economic-Statement@1000px.png5631000Orna Elizurhttps://elinsurance.ca/wp-content/uploads/2024/11/Logo-No-Backgroundimage.pngOrna Elizur2020-12-07 15:42:082020-12-07 16:57:19Highlights of the 2020 Federal Fall Economic Statement | Additional $20,000 CEBA loan available now
The new Canada Emergency Rent Subsidy is open for applications today! Unlike the previous program, this subsidy will provide payments directly to qualifying renters and property owners, without requiring the participation of landlords.
CERS covers up to 65% of rent for businesses, charities and non-profits impacted by COVID-19.
An additional 25% Lockdown Support is available during a public health lockdown order.
https://elinsurance.ca/wp-content/uploads/2020/11/CERS_STARTS_TODAY.gif280500Orna Elizurhttps://elinsurance.ca/wp-content/uploads/2024/11/Logo-No-Backgroundimage.pngOrna Elizur2020-11-23 14:01:152020-11-23 15:09:11Applications for the new Canada Emergency Rent Subsidy starts today!
The Canada Recovery Benefit (CRB) is now open for applications.
If you are eligible for the CRB, you can receive $1,000 ($900 after taxes withheld) for a 2-week period.
If your situation continues past 2 weeks, you will need to apply again. You may apply up to a total of 13 eligibility periods (26 weeks) between September 27, 2020 and September 25, 2021.
Great news for businesses! The new Canada Emergency Rent Subsidy will be available directly to business owners who need rent relief. The Wage Subsidy has been extended to June 2021. And the CEBA has been expanded to provide up to $20,000 interest-free loan.
Extended COVID-19 Federal Emergency Benefits
/in Blog, Coronavirus, Coronavirus - Associates, Coronavirus - Practice Owners, Coronavirus - Retiring /by Orna ElizurOn Friday, February 19, 2021, Prime Minister Justin Trudeau announced an extension to:
– Canada Recovery Benefit
– Canada Recovery Caregiving Benefit
– Canada Recovery Sickness Benefit
– Employment Insurance
Self-employed: Government of Canada addresses CERB repayments for some ineligible self-employed recipients
/in Blog, Coronavirus, Coronavirus - Associates, Coronavirus - Practice Owners /by Orna ElizurGreat news for some ineligible self-employed Canadians who received the Canada Emergency Response Benefit (CERB)
Highlights of the 2020 Federal Fall Economic Statement | Additional $20,000 CEBA loan available now
/in Blog, Coronavirus, Coronavirus - Associates, Coronavirus - Practice Owners, corporate, disability, Financial Planning, rdsp, tax /by Orna ElizurFinance Minister Chrystia Freeland recently provided the government’s fall economic update. It included information on the government’s strategy for dealing with the COVID-19 pandemic and its plan to help shape the recovery. We’ve summarized the highlights for you:
• Corporate Tax Changes, including extensions to subsidy programs.
• Personal Tax Changes, including additional Canada Child Benefit Plan payments and a new “Work from home” tax credit.
• Indirect Tax Changes, including the proposal to charge GST/HST on services provided via digital platforms, as well as the temporary removal of GST/HST on face masks and shields.
For business owners, as of December 4th, the CEBA loan has been expanded by an additional $20,000.
Applications for the new Canada Emergency Rent Subsidy starts today!
/in Blog, Coronavirus, Coronavirus - Practice Owners /by Orna ElizurThe new Canada Emergency Rent Subsidy is open for applications today! Unlike the previous program, this subsidy will provide payments directly to qualifying renters and property owners, without requiring the participation of landlords.
CERS covers up to 65% of rent for businesses, charities and non-profits impacted by COVID-19.
An additional 25% Lockdown Support is available during a public health lockdown order.
Applications for Canada Recovery Benefit now open!
/in 2020, Blog, Coronavirus, Coronavirus - Associates, Coronavirus - Practice Owners /by Orna ElizurThe Canada Recovery Benefit (CRB) is now open for applications.
If you are eligible for the CRB, you can receive $1,000 ($900 after taxes withheld) for a 2-week period.
If your situation continues past 2 weeks, you will need to apply again. You may apply up to a total of 13 eligibility periods (26 weeks) between September 27, 2020 and September 25, 2021.
New Canada Emergency Rent Subsidy | Wage Subsidy extended | CEBA additional $20,000 loan
/in 2020, Blog, Coronavirus, Coronavirus - Practice Owners /by Orna ElizurGreat news for businesses! The new Canada Emergency Rent Subsidy will be available directly to business owners who need rent relief. The Wage Subsidy has been extended to June 2021. And the CEBA has been expanded to provide up to $20,000 interest-free loan.