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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 […]

COVID-19 Impact on Commercial Real Estate in Ottawa

COVID-19 Impact on Commercial Real Estate in Ottawa

In this video series, GGFL’s Natalie Evans and Sarah Vandenbelt of Koble Commercial Real Estate & Brokerage discuss the impact COVID-19 is having on the commercial real estate market in Ottawa.  Key issues addressed for both tenants and landlords are: How COVID-19 is impacting commercial rents How COVID-19 is affecting the valuations of commercial properties Inventory […]

Surplus Accounts and Foreign Affiliate Tax Traps

Surplus Accounts and Foreign Affiliate Tax Traps

By Eric Jungmeisteris, CPA, CA Manager, Tax & Advisory Services Canadian corporations with subsidiaries in other countries (a “foreign affiliate”) could find themselves facing a nasty surprise tax bill from the Canada Revenue Agency (“CRA”) when they transfer funds back to Canada. Aside from being located outside of Canada, a foreign affiliate is generally a […]

Canada Emergency Commercial Rent Assistance

Canada Emergency Commercial Rent Assistance

Additional COVID-19 Resources COVID-19 – Helping Your Employees New Tax Filing and Tax Payment Deadline Managing Your Cash Flow During COVID-19 The Canada Emergency Wage Subsidy Updated September 10, 2020 On September 9th, the government announced that the Canada Emergency Commercial Rent Assistance program would be extended one final time. The program now covers the […]

GGFL COVID-19 Commentary Week #6

GGFL COVID-19 Commentary Week #6

By: Josh Engel Among the many stresses and strains the COVID-19 epidemic is having on small and medium sized businesses, the landlord-tenant relationship looms large. I have both landlords and tenants as clients so I’m hearing both sides of what is a terrible dilemma. On one level, it’s simple: The tenant’s business has either slowed […]

COVID-19, Taxes and  Office Operations

COVID-19, Taxes and Office Operations

Updated July 15, 2020 Additional COVID-19 Resources Managing Your Cash Flow During COVID-19 New Tax Filing and Tax Payment Deadlines COVID-19 – Helping Your Employees The Canada Emergency Wage Subsidy Aid for Students and the Canadian Emergency Student Benefit GGFL Service Changes Secure Document Drop-Off Signing Your Tax Return Electronically Client Safety and Care During […]