Businesses that previously didn’t qualify for the Canada Emergency Business Account may now have a second chance as Justin Trudeau released that there will be some revisions to help accommodate more Canadian businesses struggling during the current COVID-19 outbreak. The program was implemented on April 9, 2020 to provide interest free loans up to $40,000 to not-for-profit or small business to help them cover their operating costs since revenues have dropped. If businesses ca

Applications will begin on April 27, 2020 for the Canada Emergency Wage Subsidy (CEWS). It is aimed to support employers who are hit the hardest by the COVID-19 pandemic, and to protect the jobs Canadians depend on. This will cover about 75% of an employee’s wages, to a max of $847 per week, for all employers and across all sectors who have suffered a drop in gross revenues of at least 15% in March and 30% in both April and May individually. Eligible employers are entitled to