COVID-19 | Help For Restaurant Owners
On February 1, 2022, the Minister of Economy and Innovation and Minister responsible for Regional Economic Development, Mr. Pierre Fitzgibbon, confirmed that restaurateurs will continue to be eligible for the AERAM program, notably through a loan forgiveness under the PAUPME.
COVID-19 | Repayment Deadline for CEBA Loans Extended
On January 12, 2022, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, and the Honourable Mary Ng, Minister of International Trade, Export Promotion, Small Business and Economic Development, announced that the repayment deadline for CEBA loans to qualify for partial loan forgiveness is being extended from December 31, 2022 to December 31, 2023 for all eligible borrowers in good standing.
COVID-19 | Local Lockdown Program
On December 16, 2021, Bill C-2 was enacted and introduced the Local Lockdown Program which provides support to organizations subject to a public health restriction order. On December 22, 2021, Prime Minister Justin Trudeau extended the eligibility for this program. Here are the highlights.
COVID-19 | Hard-Hit Industries To Receive Government Help
On December 16 2021, Bill C-2 was enacted. This bill introduces two programs to support the Hospitality & Tourism industry as well as other hard-hit organizations. It also extends the Canada Recovery Hiring Program. Here are the highlights.
COVID-19 | Family Trusts Important Changes
Often, for tax planning or other purposes trusts are created, for example, to own shares of private corporations. Until this year, these and other similar trusts were not required to file an annual trust tax return. As of 2021, all trusts, with a few exceptions, will be required to report the identity of all trustees, beneficiaries, and settlors of the trust.
Help Is On The Way for Hospitality & Tourism and Other Industries
On October 21st, 2021, the Federal Government announced new programs to support the Hospitality & Tourism industry as well as other hard-hit organizations during the COVID pandemic. Here is what we know so far : INTRODUCTION OF THE TOURISM AND HOSPITALITY RECOVERY PROGRAM (THRP) Targeted organizations Organizations in selected sectors of the hospitality & tourism […]
4 Key Changes Nonprofits Should Expect in a Post-COVID World
The COVID-19 pandemic has fundamentally changed the way that the world operates, and it is unlikely to change significantly in the near-term. How will these changes affect how nonprofits function once the worst of the pandemic has passed? Here are four key issues to watch.
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).
How Nonprofits Can Use Virtual Fundraising During the COVID-19 Crisis
Like for all other business operations, the COVID-19 pandemic is changing how nonprofit organizations execute their fundraising activities. Many nonprofits have switched to virtual activities to keep donors engaged and to encourage giving.
