by BateMac | Apr 6, 2020 | Blog, COVID-19
On March 25th, the Ontario government announced several economic measures to help businesses and individuals during the COVID-19 pandemic. Amongst these is the Support for Families program, which provides a one-time payment of $200 per child under 12 and $250 per...
by BateMac | Apr 3, 2020 | Blog, COVID-19
The Canada Emergency Response Benefit (CERB) was announced alongside several other programs by the federal government in late March. The CERB represents a taxable benefit of up to $500 per week for up to 16 weeks for workers who are earning no income as a result of...
by BateMac | Apr 3, 2020 | Blog, COVID-19
Further to our earlier article with respect to the Canada Emergency Business Account (CEBA) financing program, please see additional information below which we have obtained from one of the large financial institutions. Of particular note for companies with multiple...
by BateMac | Apr 1, 2020 | Blog, COVID-19
More details were released today regarding the previously announced 75% Canada Emergency Wage Subsidy (“CEWS”). The CEWS program is effective for 12 weeks, from March 15, 2020, to June 6, 2020. Department of Finance has estimated the cost of this program to be $71...
by BateMac | Apr 1, 2020 | Blog, COVID-19
On March 27th, the federal government announced the Canada Emergency Business Account (CEBA), which will provide loans with favourable terms to small businesses in an effort to help businesses to continue to operate during the COVID-19 pandemic. Our understanding of...
by BateMac | Mar 31, 2020 | Blog, COVID-19
On March 25, 2020, the Ontario provincial government announced $17 billion in new economic measures for businesses and individuals to help stabilize the health care system, communities and the economy during the COVID-19 pandemic. These measures were declared as a...