New business supports announced

The federal government recently new and expanded COVID-19 government aid measures that will assist small businesses: 1) Canada Emergency Rent Support (CERS)  The CERS replaces the previous rent subsidy program (CECRA) and will run until June 2021. In a major improvement from CECRA, CERS will provide rent relief directly to tenants. We are still waiting…

Urgent reminder! Taxes are due September 30

CRA extended the payment due date for income tax returns and instalment payments to September 30, 2020. This deadline is in effect for individuals (your personal tax return), corporations, and trusts.    Penalties and interest will not be charged if payments are made and returns are filed by the extended deadline of September 30, 2020.    If you or…

CANADA SMALL BUSINESS RELIEF FUND

The Ontario Chamber of Commerce has created a Canada United Small Business Relief Fund in order to help small businesses with their recovery efforts as a result of COVID-19. Although created by the Ontario Chamber of Commerce, small to medium-sized (SME) companies from all sectors and all regions of Canada are eligible. A company can be receiving…