By Bilal Kathrada Originally published by CPABC’s Industry Update.     Cn0ra/iStock/Getty Images Plus   Understandably, 2020 has been a stressful year for everyone thus far. Uncertainty and financial hardships have risen from the COVID-19 pandemic. As part of its ongoing efforts to provide financial relief measures to Canadians, the Federal…

The Federal Government announced the details of the Canada Emergency Commercial Rent Assistance (“CECRA”) earlier today.   The details are as follows: Landlords and property owners will be given forgivable loans equal to 50% of the rent for eligible businesses.   The Government will forgive these loans if: Landlords reduce the monthly rent payable by…

The Federal Government provided an update on the Canada Emergency Wage Subsidy (“CEWS”) earlier today.   The CEWS provides a subsidy to Eligible Employers of up to 75% of the remuneration paid (up to a maximum of $847 per week) if they have experienced certain revenue reductions.   Application The Canada Revenue Agency (CRA) will…

Team Clearline is busy filing personal tax returns for 2019. Have you submitted your Personal Tax Checklist yet?    2019 deadlines   The government has extended the filing deadline to June 1, so there is no immediate rush to get your taxes filed. However, if you think you have a refund, we can file your…

The Federal Finance Minister has announced further details and clarifications on the Canada Emergency Wage Subsidy. Please read below for the latest information.           Canada Emergency Wage Subsidy (“CEWS”) As shared in an earlier update, the CEWS will cover up to 75% of employees’ wages for Eligible Employers. The maximum Subsidy…

The Federal Finance Minister has announced further details on the Canada Emergency Wage Subsidy. Following the announcement, there was a technical briefing with officials from the Department of Finance. Here are the latest details:         Canada Emergency Wage Subsidy (“Subsidy”) The Subsidy will cover up to 75% of employees’ wages for Eligible…