http://legacywealthcanada.com/wp-content/uploads/2020/05/CESB_Starts_Friday@2x.png 640 1000 Legacy Wealth http://legacywealthcanada.com/wp-content/uploads/2018/09/legacy-wealth-logo.png Legacy Wealth2020-05-12 14:36:032020-05-13 13:36:06Apply starting Friday for Canada Emergency Student Benefit! Help on the way for seniors.
The Canada Emergency Student Benefit (CESB) provides financial support to post-secondary students, and recent post-secondary and high school graduates who are unable to find work due to COVID-19.
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On May 8th, Prime Minister Justin Trudeau announced that they will extend the Canada Emergency Wage Subsidy (CEWS) beyond June.
http://legacywealthcanada.com/wp-content/uploads/2020/05/covidGuideCanadaAdvisor_Page_01-scaled.jpg 2560 1810 Legacy Wealth http://legacywealthcanada.com/wp-content/uploads/2018/09/legacy-wealth-logo.png Legacy Wealth2020-05-03 12:48:092020-05-04 11:48:10Guide to Covid-19: Government Relief Programs in Canada
The intention for our "Guide to Covid-19: Government Relief Programs in Canada” is to help businesses and individuals to cut through the noise and make sure they’re getting all the help they can receive from the federal and provincial programs.
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On April 24th, the Federal Government in partnership with the provinces and territories unveiled the Canada Emergency Commercial Rent Assistance which provides rent relief to businesses.
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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. For students looking to volunteer to help fight COVID-19, the Canada Student Service Grant provides $1,000 to $5,000
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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.
http://legacywealthcanada.com/wp-content/uploads/2020/04/business-chairs-company-coworking-7070.jpg 423 640 Legacy Wealth http://legacywealthcanada.com/wp-content/uploads/2018/09/legacy-wealth-logo.png Legacy Wealth2020-04-15 14:09:062020-04-16 13:09:07New Canada Emergency Commercial Rent Assistance | Canada Emergency Business Account Expanded
On April 16th, Prime Minister Justin Trudeau announced support for to help small businesses with their rent for the months of April, May and June. The program is being worked out with the provinces and more details will be available shortly.
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Prime Minister Justin Trudeau announced: "Today, we're announcing more help for more Canadians. This includes topping up the pay of essential workers. At the same time, we'll also be expanding the Canada Emergency Response Benefit to reach people who are earning some income as well as seasonal workers who are facing no jobs and for those who have run out of EI recently. Expanding the CERB to include people who earn up to $1,000 per month. Maybe you're a volunteer firefighter, or a contractor who can pickup some shifts, or you have a part-time job in a grocery store."
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The new Canada Emergency Business Account (CEBA) is available starting TODAY and is available through major banking institutions. The CEBA will provide qualifying businesses an interest-free loans of up to $40,000 until December 31, 2022.
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A big win today for some small business owners who previously did not qualify for the $500/week Canada Emergency Response Benefit (CERB) or the 75% Canada Emergency Wage Subsidy (CEWS).
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Today, Ontario launched the portal for parents to apply for a one-time COVID-19 payment to help offset the costs of keeping children entertained and engaged during this time away from school. Under this new program, parents are eligible for a one-time per child payment of: $200 for children aged 0 to 12 $250 for children or youth aged 0 to 21 with special needs
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The sheer volume of applications for the Canada Emergency Response Benefit (CERB) will likely overwhelm the system. If you or someone you know need to apply for this benefit, we suggest you prepare TODAY before the applications begin: Double check your myCRA account username and password Setup Direct Deposit with CRA
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Over the last few weeks, the financial market has taken a downturn amidst fears over Coronavirus. Understandably, you are concerned with your portfolio, it’s important to stay level-headed to avoid making financial missteps. However, staying level-headed doesn’t necessarily mean you sit there and do nothing. In fact, one consideration you can look is taking an active tax management approach. Tax loss selling is a strategy to crystallize or realize any capital losses in your non-registered accounts so it can be used to offset any capital gains.
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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.
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March 27, 2019 - 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. “With these new measures, our hope is that employers being pushed to laying off people due to COVID-19 will think again,” Trudeau said. “And for those of you who have already had to lay off workers, we hope you will re-hire them.”
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$2,000/month for 4 months - Canada Emergency Response Benefit to help workers and businesses
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Employment Insurance (EI) sickness benefits provide up to 15 weeks of income replacement and is available to eligible claimants who are unable to work because of illness, injury or quarantine, to allow them time to restore their health and return to work. Canadians quarantined can apply for Employment Insurance (EI) sickness benefits.
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We know that clients have questions about the Federal government's economic response plan, we have included a summary of the information below specifically for business owners and employees.
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- Applications for Canada Recovery Benefit now open!October 12, 2020 - 6:06 pm
- New Canada Emergency Rent Subsidy | Wage Subsidy extended | CEBA additional $20,000 loanOctober 8, 2020 - 5:15 pm
- Applications for Canada Recovery Sickness Benefit and Caregiving Benefit starts today!October 4, 2020 - 2:51 pm