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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
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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
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Government Announces New and Updated COVID-19 Relief Programs
New ‘Canada Emergency Rent Subsidy’ Program On October 9th, 2020, the Federal government announced a new rent and mortgage relief program for some businesses that have suffered revenue drops by subsidizing a percentage of their expenses on a sliding scale,
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Staying Alive – Financial Projection and Cash Flow for Re-Opening Businesses
The partial re-opening of the economy will be music to the ears of business owners across the province. Many have been champing at the bit for business life to get back to normal. But before diving headfirst back into business operations, it is worth taking stock of
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Taking the Guess Work out of Revenue Forecasts
For any business owner, forecasting growth can be an onerous task – the financial equivalent of a trip to the dentist. But like trips to the dentist, they are important, and not necessarily as painful as you might expect. None of us can see into the future but with
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Collecting What’s Owed: The Awkward Side Of Business
People go into business to sell either a product or a specialized service. What they don’t do, is go into business to become debt collectors – unless, of course, they are in the business of debt collecting. Nobody enjoys the collecting part of business and most
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