Government Supports for Dealing with Omnicron

Government Supports for Dealing with Omicron

2022 has kicked off with an unprecedented number of COVID-19 cases, the Omicron variant, resulting in financial strain for several businesses and their employees. “We continue to see some businesses, particularly in the hospitality sector, struggle during this challenging time,” said Sharlane Bailey, owner of Canwest Accounting. “Tapping into Government Supports for Dealing with Omicron…

Covid Benefit Planning

COVID Benefit Planning

While businesses negatively affected by the COVID-19 pandemic continue to find their “new normal” as they seek to return to pre-COVID earnings, the federal government has expanded several subsidy programs, as well as launched a new one. The government has extended the eligibility timeframe for the Canada Emergency Wage Subsidy (CEWS), the Canada Emergency Rent…

Canada Emergency Programs Extended into 2021

Canada Emergency Programs Extended into 2021 and Important Tax Info

Recently, the federal government announced an extension to some key stimulus programs aimed at keeping businesses afloat during the COVID-19 pandemic. Additionally, it clarified that Canadians who receive the new Canada Recovery Benefits may have some of the funds clawed back, depending on their net income for 2020. Canada Emergency Wage Subsidy (CEWS) – CEWS…