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.
The province of British Columbia is providing additional support to businesses by reducing most commercial property tax bills by an average of 25%. In addition, the provincial government introduced new measures to support local governments facing revenue shortfalls
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.
The sheer volume of applications for the Canada Emergency Response Benefit (CERB) will likely overwhelm the system.
$5 billion in income supports, tax relief and direct funding for people, businesses and services.
March 27, 2020 – Prime Minister Justin Trudeau announced programs and measures focused on helping Small & Medium Sized Businesses and Entrepreneurs cope with the economic consequences caused by the COVID-19 pandemic.
To help Canadians through this difficult time, the Federal Government created the Canada Emergency Response Benefit (CERB) and made changes to the Employment Insurance Program (EI). For those whose employment has affected by the Coronavirus, we have created a chart to help you figure out which program you qualify for and provide links to apply for each program.
$2,000/month for 4 months – Canada Emergency Response Benefit to help workers and businesses
We know that clients have questions about the Federal government’s economic response plan, we have included a summary of the information below for business owners, employees and other support that’s available. Please don’t hesitate to contact us. We’re here for you.
To support people and prevent the spread of COVID-19, the Province is introducing a new temporary rental supplement, halting evictions and freezing rents, among other actions. The new rental supplement will help households by offering up to $500 a month towards their rent, building on federal and provincial financial supports already announced for British Columbians facing financial hardship.
Over the last two weeks, the financial market has taken a downturn amidst fears over Coronavirus. Understandably, investors are anxious about their money. If you are concerned with your portfolio, you’re not the only one, however during times of market volatility, it’s important to stay levelheaded to avoid making financial missteps.
Equity markets around the world are falling as investors react to the increased economic risk posed by the spread of the Coronavirus, We can’t predict risk, nor what may spur a market correction. It’s our job to manage risk.