Construction

Ontario Business Relief Grant Applications Now Open

The province of Ontario has opened applications for its new relief funding program for businesses. The Ontario Small Business Support Grant starting at $10,000 to a maximum of $20,000 is open to businesses that are required to close or significantly restrict their services due to the province-wide shutdown effective December 26, 2020. Funds from the […]

CEBA Applications Update

CEBA Applications Update

The application deadline to apply for the CEBA loan was extended to March 31, 2021. We understand that some banks will be opening applications for the additional CEBA loan of $20,000 on December 4th, 2020. CEBA details for new and existing applications are as follows: Existing CEBA clients: Another $20,000 available (in addition to the original […]

Highlights from the Fall Economic Statement

Highlights from the Fall Economic Statement

On November 30th, the federal government delivered its Fall Economic Statement. The statement included a number of updates to existing COVID-19 relief programs, as well as changes to other existing tax relief programs. Of note, there were no changes to income tax rates for individuals or corporations on any type of income earned, or other […]

Form PD27 – New COVID Subsidy Reporting Requirement for Businesses

Form PD27 – New COVID Subsidy Reporting Requirement for Businesses

By Karen McKay, CPA, CGA As COVID-19 took its devastating toll on the economy last spring, the federal government introduced the 10% Temporary Wage Subsidy (TWS). That aid program was quickly followed by the Canada Emergency Wage Subsidy (CEWS). With 2020 quickly drawing to a close, the government is now requiring all eligible businesses, eligible […]

Canada Emergency Rent Subsidy Program Details

Canada Emergency Rent Subsidy Program Details

The new Canada Emergency Rent Subsidy (CERS) program for businesses, non-profits and charities that are facing economic challenges due to COVID-19 received Royal Ascent on November 19th, 2020. It is expected applications for CERS will open as early as Monday, November 23rd, 2020. CERS replaces the Canada Emergency Commercial Rent Assistance (CECRA) program and will […]

GGFL COVID19 Commentary Week #10 – Re-Building the Construction Business

GGFL COVID19 Commentary Week #10 – Re-Building the Construction Business

By: Natalie Evans Few, if any, small and medium-sized businesses have escaped the negative fallout from COVID-19 but for the construction industry, these past two months have been particularly uncertain and harrowing. Construction is a complex business at the best of times, and these are not the best of times. Construction is a business where […]

GGFL COVID-19 Commentary Week #4

GGFL COVID-19 Commentary Week #4

By: Anne Van Delst There are few industries more complex and multi-layered than the construction business. It is a mix of union and non-union, and a mix of new construction, retro-fitting, renovation, residential, commercial and domestic. It is a business where multiple sub-contractors are invariably onsite at the same time – reliant on each other […]