CEBA extended to October 31st. Expanded to include more businesses.

by Financial Tech Tools | Sep 1, 2020 | 2020 Only, Blog, Coronavirus, Coronavirus - Practice Owners, Debt

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...

Details of the EXPANDED Canada Emergency Wage Subsidy

by Financial Tech Tools | Aug 12, 2020 | 2020 Only, Blog, Coronavirus, Coronavirus - Practice Owners

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 | Business Owners who did not qualify previously – expanded CEBA starts June 19th

by Financial Tech Tools | Jun 17, 2020 | 2020 Only, Blog, Business Owners, Coronavirus, Coronavirus - Associates, Coronavirus - Practice Owners, Coronavirus - Students, corporate, individuals

CERB Extended 2 more monthsGreat 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 to...

Small Businesses! Applications for Canada Emergency Commercial Rent Assistance starts May 25th

by Financial Tech Tools | May 24, 2020 | 2020 Only, Blog, Business Owners, Coronavirus, Coronavirus - Practice Owners, corporate

Lower rent by 75% for small businesses that have been affected by COVID-19The Application portal for the Canada Emergency Commercial Rent Assistance (CECRA) opens at 8:00am EST on May 25th. The description from the CMHC website: “Canada Emergency Commercial Rent...

Expanded eligibility for CEBA $40,000 interest-free loan

by Financial Tech Tools | May 19, 2020 | 2020 Only, Blog, Business Owners, Coronavirus, Coronavirus - Practice Owners

“If you are the sole owner-operator of a business, if your business relies on contractors, or if you have a family-owned business and you pay employees through dividends, you will now qualify.” – PM Justin TrudeauEligibilityThe Prime Minister...

Apply starting Friday for Canada Emergency Student Benefit! Help on the way for seniors.

by Financial Tech Tools | May 13, 2020 | 2020 Only, Blog, Coronavirus, Coronavirus - Retired, Coronavirus - Students, retirement

Students can apply for $1,250 through the Canada Emergency Student Benefit starting FridayFrom canada.ca: “The Canada Emergency Student Benefit (CESB) provides financial support to post-secondary students, and recent post-secondary and high school...