When reading through the information that the Canadian government has released regarding the CEBA loan, we noticed how the language is aimed primarily at product-based businesses. We, however, do think that there are some service-based businesses that may be eligible for CEBA. We think it is worth the required time Read more…
The Canadian government announces a while back that they would be implementing a $20,000 extension to the CEBA loan. It took a while before the extension actually came to be, but applications are officially open. The original CEBA loan was $40,000, $10,000 of which was forgivable. The extension puts the Read more…
Many business owners may have forgotten about the 10% Wage Subsidy (TWS) Program. The Canadian government announced the program in March, near the beginning of the COVID-19 pandemic. Soon afterward, they announced CEWS (Canada Emergency Wage Subsidy). Who Can Apply? CEWS is tied to income, so businesses without a large Read more…
The new Canada Emergency Rent Subsidy (CERS) is now open for applications!This subsidy covers commercial rent, commercial property tax, insurance, and mortgage interest for businesses with a drop in revenue. What Can Your Business Get? Businesses can qualify for up to 90% coverage depending on their revenue this year compared Read more…