Blogs delivered from our CPA’s & business advisors to help you maximize your growth potential.

RSW’S COVID-19 Advice Centre

Over the few weeks, no doubt you have been inundated and overwhelmed with the announcement of support programs by both the federal and provincial governments.

Canada Emergency Business Account (CEBA) Deadline Updated- June 30, 2021

The deadline to apply for the Canada Emergency Business Account (CEBA) has been updated.  If you have not applied, you need to do so before June 30, 2021. The CEBA is an interest free loan of up to $40,000 ($10,000 of which is forgivable) for small businesses and...

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THE CANADA EMERGENCY COMMERCIAL RENT ASSISTANCE (CECRA) PROGRAM

THE CANADA EMERGENCY COMMERCIAL RENT ASSISTANCE (CECRA) PROGRAM

The federal government announced new rent relief measures, the Canada Emergency Commercial Rent Assistance (CECRA) program. It will be rolled out and be operational by May 15, 2020. The Canada Mortgage Housing Corporation (CMHC) is the federal organization that has...

THE CANADA EMERGENCY RESPONSE BENEFITS (CERB)

THE CANADA EMERGENCY RESPONSE BENEFITS (CERB)

On August 20, 2020, the New Minister of Finance, the Honorable Chrystia Freeland in cooperation with the Minister of Employment Carla Qualtrough, announced some changes to the Employment Insurance (EI) program and new income support benefits that will better support...

CANADA EMERGENCY BUSINESS ACCOUNT (CEBA)

CANADA EMERGENCY BUSINESS ACCOUNT (CEBA)

Update May 21, 2020 In addition to what has been announced for the Canada Emergency Business Account, (CEBA), the government of Canada has recently announced an expansion to the current eligibility criteria to the program to help small businesses protect the jobs that...

CANADA EMERGENCY WAGE SUBSIDY (CEWS)

CANADA EMERGENCY WAGE SUBSIDY (CEWS)

Last week we wrote to you about the Canada Emergency Wage Subsidy that was announced on March 27, to help businesses retain and hopefully rehire some of the laid-off workers due to the challenges posed by the COVID-19 pandemic. The point of this wage subsidy is not...

FILING DUE DATES FOR THE 2019 TAX RETURN

Generally, your return for 2019 has to be filed on or before April 30, 2020. Self-employed persons If you or your spouse or common-law partner carried on a business in 2019 (other than a business whose expenditures are primarily in connection with a tax shelter), your...

DOES YOUR CUSTOMER EXPERIENCE STRATEGY NEED SOME HELP?

DOES YOUR CUSTOMER EXPERIENCE STRATEGY NEED SOME HELP?

When you run a business, you want people to have a great experience with your company. You want them to tell their family and friends just how amazing it is. As a business owner you have to pay attention to everything from human resources to cash flow. But having a...

THE VOLUNTARY DISCLOSURES PROGRAM

Recently the CRA has released a draft information circular in which they propose changes to the popular program effective for taxation years after December 31, 2017. Some of the changes to the program are as follows: No-name disclosures: Clarification that a voluntary...