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

Apply for Canada Emergency Wage Subsidy starting April 27th | Calculate your subsidy

On April 21st, Prime Minister Justin Trudeau announced that the Canada Revenue Agency will accept applications for the Canada Emergency Wage Subsidy (CEWS) starting Monday, April 27th. This new measure gives qualifying employers up to $847 per employee each week so they can keep people on the payroll.
April 21, 2020/by Financial Tech Tools

BC: Reduces commercial property tax for businesses by average of 25%, help local governments

The province of British Columbia is providing additional support to businesses by reducing most commercial property tax bills by an average of 25%.
April 20, 2020/by Financial Tech Tools

New Canada Emergency Commercial Rent Assistance | Canada Emergency Business Account Expanded

On April 16th, Prime Minister Justin Trudeau announced support for to help small businesses with their rent for the months of April, May and June.

The program is being worked out with the provinces and more details will be available shortly.
April 16, 2020/by Financial Tech Tools

Expanded eligibility for Canada Emergency Response Benefit (CERB) & Boosted wages for Essential Workers

Prime Minister Justin Trudeau announced:

"Today, we're announcing more help for more Canadians. This includes topping up the pay of essential workers. At the same time, we'll also be expanding the Canada Emergency Response Benefit to reach people who are earning some income as well as seasonal workers who are facing no jobs and for those who have run out of EI recently. Expanding the CERB to include people who earn up to $1,000 per month. Maybe you're a volunteer firefighter, or a contractor who can pickup some shifts, or you have a part-time job in a grocery store."
April 15, 2020/by Financial Tech Tools

Saskatchewan Small Business Emergency Payment – up to $5,000 for business

The Saskatchewan Small Business Emergency Payment program provides up to $5,000 in financial assistance to small businesses in Saskatchewan that have been ordered to temporarily close or significantly curtail operations during the public emergency period due to a public health order to help control transmission of COVID-19.
April 14, 2020/by Financial Tech Tools

Applications for the Canada Emergency Business Account starts TODAY!

The new Canada Emergency Business Account (CEBA) is available starting TODAY and is available through major banking institutions.

The CEBA will provide interest-free loans of up to $40,000 to small businesses and not-for-profits, to help cover their operating costs during a period where their revenues have been temporarily reduced.
April 9, 2020/by Financial Tech Tools

Rules changed to allow more struggling business owners access to CERB, Wage Subsidy. Summer jobs program increased to 100%

A big win today for some small business owners who previously did not qualify for the $500/week Canada Emergency Response Benefit (CERB) or the 75% Canada Emergency Wage Subsidy (CEWS).
April 8, 2020/by Financial Tech Tools

Accepting Applications starting April 6th – Canada Emergency Response Benefit (CERB)

The sheer volume of applications for the Canada Emergency Response Benefit (CERB) will likely overwhelm the system. If you or someone you know need to apply for this benefit, we suggest you prepare TODAY before the applications begin:

Double check your myCRA account username and password

Setup Direct Deposit with CRA
April 5, 2020/by Financial Tech Tools