What to Consider When Receiving an Unsolicited Offer for Your Enterprise
Out of the blue, you are presented with an irresistible offer for your company. You hadn’t considered selling your prosperous business, until now, and you feel that you’re faced with two options: welcome the prospective buyer’s offer or walk away. What’s a business owner to do?
COVID-19 | New Canada Recovery Hiring Program
The April 19 Federal budget introduced the New Canada Recovery Hiring Program. The purpose of this program is to compensate eligible entities for extra costs incurred for increased wages or hours worked or hiring more staff.
COVID-19 | Canada Emergency Wage Subsidy (CEWS) and Canada Emergency Rent Subsidy (CERS) Program Extensions
On April 19, 2021, the Minister of Finance presented the 2021 Federal budget which included the extension of the Canada Emergency Wage Subsidy (CEWS) and the Canada Emergency Rent Subsidy (CERS).
The Value of Due Diligence to a Business Transaction
FL Fuller Landau explores how due diligence offers great value to both the buyer and seller in a business transaction.
COVID-19 | March 31 CEBA Debt Forgiveness Deadline
It is important to note that the CEBA debt forgiveness amount is calculated on the highest amount drawn from your CEBA at any time up to and including a date to be determined by your financial institutions. You should discuss with your account manager at your financial institution to ensure to meet the program requirements in order to benefit from the forgiveness.
COVID-19 | Canada Emergency Rent Subsidy (CERS) Eligibility Decision Tree – Periods 1 to 3 (September 27 to December 19, 2020)
Since November 30, 2020, the CRA’s online platform, allowing claims to be filed under the CERS is available. Our decision tree will provide insights as to your eligibility and subsidy quantum you may get from the program.
COVID-19 | CEWS and CERS Proposed Changes
On November 30, 2020, Canada’s Minister of Finance, Chrystia Freeland, released the “Supporting Canadians an Fighting COVID-19 : Fall Economic Statement 2020″ plan. This plan includes proposed changes that have yet to receive approval by the House of Commons and Royal Sanction from the Senate. Notwithstanding the foregoing, here is what you should know about […]
COVID-19 | Have You Reviewed Your Insurance Coverage Lately?
Sometimes a business is forced to shut down temporarily as is the case because of sanitary measures enforced by the government in relation to COVID-19. In these cases, some insurance coverage deemed as “business interruption” might apply.
COVID-19 | Canada Emergency Wage Subsidy (CEWS) – July Update
On July 17, 2020, Canada’s Minister of Finance, Bill Morneau, announced the most anticipated proposed changes to the Canada Emergency Wage Subsidy (CEWS) program. These are proposed changes that have yet to receive approval by the House of Commons and Royal Sanction from the Senate. Notwithstanding the foregoing, here is what you should know about […]
Is COVID-19 a Knock-Out Blow for the Retail Industry?
The COVID-19 pandemic has resulted in several large retail operations seeking insolvency protection both under the Companies Creditors Arrangement Act (CCAA) in Canada and under its US equivalent, Chapter 11. In Canada, this list includes retail giants Aldo Group and Reitmans Group. In the United States, since the beginning of May, Hertz US, J.C. Penney, Neiman Marcus and Pier 1 Imports have all filed for protection.
