Non-Profit

COVID Relief Programs Update – June 2021

COVID Relief Programs Update – June 2021

By Casey Murray, CPA, CA, LPA, Principal Canada Recovery Hiring Program In their April budget, the federal government announced the creation of a new Canada Recovery Hiring Program (CRHP). Bill C-30, the Budget Implementation Act is now before parliament. CRHP benefits will be available retroactively to June 6th and will run until November 20th, 2021. […]

11 Steps to Prevent Business Fraud

11 Steps to Prevent Business Fraud

By Natalie Evans, CPA, CGA, LPA – Partner, Head of Assurance, Advisory Services Check out other articles on fraud prevention and detection: A Potential New Attack on Your Bank Account | New Canadian Standards for Review Engagements and Auditor Reporting Standards | Beware of Emails and Calls Claiming to be the Canada Revenue Agency The […]

The New Official Plan, COVID-19 and the Future of Living and Working in Ottawa – Webinar Recording

The New Official Plan, COVID-19 and the Future of Living and Working in Ottawa – Webinar Recording

The pandemic has caused a major upheaval in the way we live and work. As businesses begin to plan for the future and the opportunities of our post-COVID world, these changes will have a major impact on strategic priorities. Adding to the changing business environment is the launch of Ottawa’s new Official Plan, which has […]

Re:Design – How Gabriel Pizza Transformed a Key Part of Their Operation During the Pandemic

Re:Design – How Gabriel Pizza Transformed a Key Part of Their Operation During the Pandemic

Gabriel Pizza’s President and CEO George Hanna and Chad Saikaley‘s in-depth discussion on how Gabriel’s weathered the pandemic storm by modernizing a key part of its operation, including: How risk analysis and financial projections were used to assess the impact of COVID-19 on the business What contingency plans were considered to reduce the financial impact […]

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 […]

Duties of Charity & Not-For-Profit Board Members During the Pandemic

Duties of Charity & Not-For-Profit Board Members During the Pandemic

By Adam Aronson, CPA, CA Senior Manager, Assurance & Advisory Services While we all grapple with the challenges of the pandemic at home and at work, boards members of charity and not-for-profits have the added responsibility of fulfilling their duties as directors. Key issues for charity and not-for-profit board members to consider are: Cash Flow […]

GGFL COVID-19 Commentary Week #7

GGFL COVID-19 Commentary Week #7

By: Jeffrey Miller With few exceptions, the financial fallout from the COVID-19 pandemic is also hurting not-for-profit organizations and charities. The outlook is particularly bleak for those not-for-profits reliant on membership fees such as tennis and golf clubs and similar organizations where people pay a fee to pursue an activity of common interest. The forced […]