Clear Path Financial Planners Blog
Guide to Covid-19: Government Relief Programs in Canada
The intention for our “Guide to Covid-19: Government Relief Programs in Canada” is to help businesses and individuals to cut through the noise and make sure they’re getting all the help they can receive from the federal and provincial programs.
75% Commercial Rent Assistance Program
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.
Financial Advisor’s Guide to COVID-19: Government Relief Programs in Canada
The intention behind the “Guide to Covid-19: Government Relief Programs in Canada” is to provide advisors an opportunity to help their clients and prospects to cut through the noise and make sure they’re getting all the help they can receive from the federal and provincial programs.
$1,000 BC Emergency Benefit for Workers applications start May 1st
On May 1st, the BC Government will start taking applications online for the BC Emergency Benefit for Workers. Telephone applications will start on May 4th but it is strongly recommended that you apply online as they anticipate high call volumes. This benefit provides a one time payment of $1,000 to residents of BC whose ability to work has been affected due to COVID-19.
Canada Emergency Student Benefit: Students will be eligible for $1,250 a month from May through August
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
Apply for Canada Emergency Wage Subsidy starting April 27th | Calculate your subsidy
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.
BC: Reduces commercial property tax for businesses by average of 25%, help local governments
The province of British Columbia is providing additional support to businesses by reducing most commercial property tax bills by an average of 25%.
New Canada Emergency Commercial Rent Assistance | Canada Emergency Business Account Expanded
On April 16th, Prime Minister Justin Trudeau announced support for to help small businesses with their rent for the months of April, May and June.
The program is being worked out with the provinces and more details will be available shortly.
Expanded eligibility for Canada Emergency Response Benefit (CERB) & Boosted wages for Essential Workers
Prime Minister Justin Trudeau announced:
“Today, we’re announcing more help for more Canadians. This includes topping up the pay of essential workers. At the same time, we’ll also be expanding the Canada Emergency Response Benefit to reach people who are earning some income as well as seasonal workers who are facing no jobs and for those who have run out of EI recently. Expanding the CERB to include people who earn up to $1,000 per month. Maybe you’re a volunteer firefighter, or a contractor who can pickup some shifts, or you have a part-time job in a grocery store.”