Archive for month: April, 2020
https://prudentasset.com/wp-content/uploads/2020/04/CECRAV3@2x.png 1000 1000 Prudent Asset https://prudentasset.com/wp-content/uploads/2019/09/logo-300x96.png Prudent Asset2020-04-24 15:52:582020-04-24 23:27:1475% Commercial Rent Assistance Program
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.
https://prudentasset.com/wp-content/uploads/2020/04/CESB@2x.png 640 1000 Prudent Asset https://prudentasset.com/wp-content/uploads/2019/09/logo-300x96.png Prudent Asset2020-04-22 12:43:512020-04-22 20:27:12Canada Emergency Student Benefit: Students will be eligible for $1,250 a month from May through August
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
https://prudentasset.com/wp-content/uploads/2020/04/CEWS_April27@2x.png 640 1000 Prudent Asset https://prudentasset.com/wp-content/uploads/2019/09/logo-300x96.png Prudent Asset2020-04-21 13:52:372020-04-21 21:42:13Apply for Canada Emergency Wage Subsidy starting April 27th | Calculate your subsidy
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.
https://prudentasset.com/wp-content/uploads/2020/04/business-chairs-company-coworking-7070.jpg 423 640 Prudent Asset https://prudentasset.com/wp-content/uploads/2019/09/logo-300x96.png Prudent Asset2020-04-16 13:23:282020-04-16 20:57:16New 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.
https://prudentasset.com/wp-content/uploads/2020/04/CERB_expanded.png 320 500 Prudent Asset https://prudentasset.com/wp-content/uploads/2019/09/logo-300x96.png Prudent Asset2020-04-15 09:49:412020-04-15 17:42:13Expanded eligibility for Canada Emergency Response Benefit (CERB) & Boosted wages for Essential Workers
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."
https://prudentasset.com/wp-content/uploads/2020/04/CEBA_Today.png 320 500 Prudent Asset https://prudentasset.com/wp-content/uploads/2019/09/logo-300x96.png Prudent Asset2020-04-09 10:47:222020-04-09 18:18:13Applications for the Canada Emergency Business Account starts TODAY!
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.
https://prudentasset.com/wp-content/uploads/2020/04/Business_Owners_Qualification_850px.png 600 850 Prudent Asset https://prudentasset.com/wp-content/uploads/2019/09/logo-300x96.png Prudent Asset2020-04-08 15:50:562020-04-08 23:33:15Rules changed to allow more struggling business owners access to CERB, Wage Subsidy. Summer jobs program increased to 100%
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).
https://prudentasset.com/wp-content/uploads/2020/04/Ontario_Support_for_Families.png 320 500 Prudent Asset https://prudentasset.com/wp-content/uploads/2019/09/logo-300x96.png Prudent Asset2020-04-06 10:39:312020-04-06 17:57:06Ontario Support for Families portal is LIVE!
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
https://prudentasset.com/wp-content/uploads/2020/04/CERB_Preparation.png 320 500 Prudent Asset https://prudentasset.com/wp-content/uploads/2019/09/logo-300x96.png Prudent Asset2020-04-05 12:50:302020-04-05 20:42:08Accepting Applications starting April 6th – Canada Emergency Response Benefit (CERB)
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