Save Money with a Health Services Plan

How can you save $100’s and maybe $1,000’s in taxes in one simple step with a Private Health Services Plan? Are you an employee of your own company and do you have significant medical and dental expenses each year of $2,000 or more not covered by a health plan?  Then creating a “Private Health Services […]

Eligibility Criteria Expanded for Canada Emergency Business Account – CEBA

The Government of Canada has announced an expansion to the eligibility criteria for the Canada Emergency Business Account (CEBA) to include many owner-operated small businesses. The changes to CEBA will allow more Canadian small businesses to access interest free loans of up to $40,000 to help cover operating costs during a period when revenues have been […]

Introduction to QBO (Quickbooks Online) Virtual Event – 14 April, 2020

Due to new legislation, we are hosting a “virtual” learning event at noon on the 14th of April 2020. If you own a small business and are interested in moving your books to the “cloud”, this event is for you! Alternatively, if you are already using QBO but need a refresher or have questions regarding […]

What is the Work-Sharing Program?

Work-Sharing (WS) is a program that helps employers and employees avoid layoffs when there is a temporary decrease in business activity beyond the control of the employer. The program provides EI benefits to eligible employees who agree to reduce their normal working hours and share the available work while their employer recovers. Work-Sharing is an […]

Essential Services – Is your Business on the List?

Overview The businesses and services on the essential services list can continue to provide services at locations accessible to the public and must have proper risk mitigation measures in place, such as sanitation stations and appropriate distancing between customers. The intent of this list is to provide general guidance to business owners and operators. It […]

New Information on Wage Subsidy Program – 30 March 2020

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Prime Minister Justin Trudeau announced today businesses and non-profit organizations seeing a drop of at least 30 per cent in revenue due to COVID-19 will qualify for the government’s 75 per cent wage subsidy program. The number of people a business employs will not determine its eligibility. Charities and companies big and small will qualify, he […]

Support for entrepreneurs impacted by the coronavirus COVID-19

As announced by the Minister of Finance, BDC puts in place additional measures to provide relief for Canadian entrepreneurs. Effective March 18, 2020, new relief measures for qualified businesses include: Working capital loans of up to $2 million with flexible repayment terms such as principal postponements for qualifying businesses; Flexible repayment terms, such as postponement of principal payments for up to […]

Relief for the Energy Sector

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Immediate action will protect jobs and provide economic relief to the oil and gas industry Overview The Government is providing economic relief to Alberta’s energy industry to address challenges resulting from the COVID-19 pandemic and declining oil prices due to an international price war. The energy sector supports more than 500,000 jobs across Canada Initiatives […]

Frequently Asked Questions – Temporary Wage Subsidy for Employers

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1. What is the Temporary Wage Subsidy for Employers? The Temporary Wage Subsidy for Employers is a three-month measure that will allow eligible employers to reduce the amount of payroll deductions required to be remitted to the Canada Revenue Agency (CRA). 2. Which employers are eligible? You are an eligible employer if you: are a […]

Who qualifies for EI?

Whether you qualify for EI will still depend on your specific situation, such as regional rate of employment, and the number of hours worked in the last 52 weeks. The government recommends people apply as soon as possible to find out if they qualify; waiting more than four weeks after your last day of work means you could lose […]