It’s a great time to review your business finances now that we are nearing year-end. Your business may be affected by recent tax changes or new measures to help with financial losses due to COVID-19. Figuring out the tax ramifications of these new measures can...
Now that we are reaching the end of the tax year, it’s an excellent time to review your finances. We’ve listed below some of the critical areas to consider and provide you with useful guidelines. We have divided our tax planning tips into five sections:...
On September 9th, 2020, Prime Minister Justin Trudeau announced Canada’s first-ever Black Entrepreneurship Program that will help thousands of Black business owners and entrepreneurs across the country. According to the Prime Minister’s website, the...
On August 31st, Deputy Prime Minister and Minister of Finance Chrystia Freeland announced the extension of the Canada Emergency Business Account (CEBA) to October 31st, 2020. This will give small businesses 2 additional months to apply for the $40,000 loan. In...
On August 11th, the Government of Canada updated the calculator and Canada.ca with the changes to the Canada Emergency Wage Subsidy (CEWS). If you’re a business owner who has suffered losses as a result of COVID-19 and did NOT qualify previously for CEWS, you...
CERB Extended 2 more months Great news for Canadians out of work and looking for work. The CERB will be extended another 8 weeks for a total of up to 24 weeks. As the country begins to restart the economy, the Federal government will be making changes to the program...
