Rent Subsidy Programs – Update

The Government of Canada has now introduced draft legislation that includes the new Canada Emergency Rent Subsidy (CERS) and the Lockdown Support Subsidy. The application process for these new subsidies is not yet available. Under these proposed provisions,...

Covid-19 – Recent Government Announcement

On October 9, 2020 the Government of Canada announced that it will be extending the Canada Emergency Wage Subsidy, creating a new Canada Emergency Rent Subsidy program, and expanding the Canada Emergency Business Account.  Canada Emergency Wage Subsidy  The government...

Tax Planning – Prescribed Rate Loans

On July 1, 2020 the government’s prescribed interest rate will decrease from its current two percent to one percent. In some cases, this can provide a tax planning opportunity to split income with a spouse or common-law partner, children, grandchildren or other...

COVID-19 and Business Interruption Insurance

As the COVID-19 pandemic continues, it is having a significant impact on many businesses, including operating losses as a result of closures, reduced operations and other unforeseen expenses. These businesses should consider reviewing their insurance policies,...