It’s official! More businesses eligible for Canada Emergency Wage Subsidy

Great news!  Your clients may now qualify for the Canada Emergency Wage Subsidy (CEWS).

The changes expand the program to include more businesses for periods 5 to 9 (July 5 to November 21, 2020) and have been published on Canada.ca
August 12, 2020/by Financial Tech Tools

Canada Emergency Wage Subsidy expanded to include more businesses!

On July 17th, Finance Minister Bill Morneau announced proposed changes to the Canada Emergency Wage Subsidy (CEWS) that will expand the number of businesses that qualify for the program.
July 17, 2020/by Financial Tech Tools

Canada Emergency Wage Subsidy extended into December!

On July 13th, Prime Minister Justin Trudeau announced the extension of the Canada Emergency Wage Subsidy (CEWS) until December.
July 13, 2020/by Financial Tech Tools

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

Great 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.

The expanded CEBA will begin June 19th.
June 17, 2020/by Financial Tech Tools

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

The Application portal for the Canada Emergency Commercial Rent Assistance (CECRA) opens at 8:00am EST on May 25th
May 24, 2020/by Financial Tech Tools

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

The Prime Minister outlined the expanded eligibility for the Canada Emergency Business Account and highlighted companies such as hair salon owners, independent gym owners with contracted trainers and local physio businesses will now be eligible.

"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 Trudeau
May 19, 2020/by Financial Tech Tools

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

The Canada Emergency Student Benefit (CESB) provides financial support to post-secondary students, and recent post-secondary and high school graduates who are unable to find work due to COVID-19.
May 13, 2020/by Financial Tech Tools

Extended! Canada Emergency Wage Subsidy extended beyond June

On May 8th, Prime Minister Justin Trudeau announced that they will extend the Canada Emergency Wage Subsidy (CEWS) beyond June.
May 8, 2020/by Financial Tech Tools

75% Commercial Rent Assistance Program

On April 24th, the Federal Government in partnership with the provinces and territories unveiled the Canada Emergency Commercial Rent Assistance which provides rent relief to businesses.
April 24, 2020/by Financial Tech Tools

Financial Advisor’s Guide to COVID-19: Government Relief Programs in Canada

The intention behind the "Guide to Covid-19: Government Relief Programs in Canada" is to provide advisors an opportunity to help their clients and prospects to cut through the noise and make sure they're getting all the help they can receive from the federal and provincial programs.
April 23, 2020/by Angelina Hung

$1,000 BC Emergency Benefit for Workers applications start May 1st

On May 1st, the BC Government will start taking applications online for the BC Emergency Benefit for Workers. Telephone applications will start on May 4th but it is strongly recommended that you apply online as they anticipate high call volumes. This benefit provides a one time payment of $1,000 to residents of BC whose ability to work has been affected due to COVID-19.
April 23, 2020/by Financial Tech Tools

Canada Emergency Student Benefit: Students will be eligible for $1,250 a month from May through August

Great news for students worried about financially making ends meet. Prime Minister Justin Trudeau announced the Canada Emergency Student Benefit which provides $1,250/month from May through August or $1,750/month for those taking care of someone else or have a disability.

For students looking to volunteer to help fight COVID-19, the Canada Student Service Grant provides $1,000 to $5,000
April 22, 2020/by Financial Tech Tools