Canada Emergency Wage Subsidy (CEWS)
On Saturday April 11, Parliament passed Bill C-14 which is the legislation to implement the CEWS. The legislation is complex and due to its hastiness has some unknown parts, unintended and intended consequences, and gaps yet to be addressed. Due to its complexity, it will take a while to fully analyze its implementation. The intent […]
Canada Emergency Business Account (CEBA)
This program is for loans to certain qualified small businesses (either incorporated or as a proprietorship) and non-profit organizations that have a business number. The CEBA is: Interest-free loan of up to $40,000 for qualifying small businesses and non-profits. If the full $40,000 is borrowed, $10,000 of the loan (25% of the base loan) is […]