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 addition, the Federal Government said it was working with financial institutions to make the CEBA program available to those with qualifying payroll or non-deferrable expenses that have so far been unable to apply due to not operating from a business banking account.
https://l7346d.p3cdn1.secureserver.net/wp-content/uploads/2020/09/CEBA_extended_to_Oct_31_and_expanded@2x.png?time=16863202886401000Heuchert Financialhttps://l7346d.p3cdn1.secureserver.net/wp-content/uploads/2020/05/heuchertLogo.pngHeuchert Financial2020-09-01 16:44:542020-09-01 17:10:29CEBA extended to October 31st. Expanded to include more businesses.
On August 20th, the Federal Government announced the extension of the Canada Emergency Response Benefit (CERB) by one month and the transition to the Canada Recovery Benefit, Canada Recovery Sickness Benefit, Canada Recovery Caregiving Benefit and a simplified EI.
https://l7346d.p3cdn1.secureserver.net/wp-content/uploads/2020/08/CERB_to_Recovery_Benefits@2x.png?time=16863202886401000Heuchert Financialhttps://l7346d.p3cdn1.secureserver.net/wp-content/uploads/2020/05/heuchertLogo.pngHeuchert Financial2020-08-21 14:25:122020-08-21 14:46:24CERB transitions to NEW Recovery Benefits and EI
CEBA extended to October 31st. Expanded to include more businesses.
/in 2020 Only, Blog, Coronavirus, Coronavirus - Practice Owners, Debt /by Heuchert FinancialOn 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 addition, the Federal Government said it was working with financial institutions to make the CEBA program available to those with qualifying payroll or non-deferrable expenses that have so far been unable to apply due to not operating from a business banking account.
CERB transitions to NEW Recovery Benefits and EI
/in 2020, Blog, Coronavirus, Coronavirus - Associates, Coronavirus - Practice Owners, Coronavirus - Retired, Coronavirus - Retiring, Coronavirus - Students /by Heuchert FinancialOn August 20th, the Federal Government announced the extension of the Canada Emergency Response Benefit (CERB) by one month and the transition to the Canada Recovery Benefit, Canada Recovery Sickness Benefit, Canada Recovery Caregiving Benefit and a simplified EI.
Details of the EXPANDED Canada Emergency Wage Subsidy
/in 2020 Only, Blog, Coronavirus, Coronavirus - Practice Owners /by Heuchert FinancialOn 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 may now qualify.