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SB Partners welcomes Ramki Balakrishnan to leadership of SB Advisory Services Inc.

SB Partners welcomes Ramki Balakrishnan to leadership of SB Advisory Services Inc.

SB Partners Admin on May 11, 2020 in SB Partners News

SB Partners is pleased to introduce Ramki Balakrishnan as President and CEO of SB Advisory Services Inc. (SB Advisory). Ramki brings 21-years of experience leading companies to the SB Advisory platform. Working with international firms within an evolving marketplace, Ramki will provide advice and guidance as organizations navigate the new economic environment. Ramki: “SB Advisory provides CEOs … Continued



Free COVID-19 Business Recovery and Planning Guide for Small and Medium-Sized Businesses

SB Partners Admin on May 7, 2020 in Advice for Business Owners

As many Canadian businesses continue to struggle through the COVID-19 pandemic, Business Health Council is taking action to help business owners navigate this crisis and adapt to the new realities in 2020 and beyond. SB Partners is proud to be a content contributor to the Business Health Council. Business Health Council (BHC) Business Health Council … Continued



Canada Emergency Commercial Rent Assistance (CECRA)

SB Partners Admin on May 5, 2020 in COVID19

The Canada Emergency Commercial Rent Assistance (CECRA) for small businesses provides relief for small businesses experiencing financial hardship due to COVID-19. The program gives forgivable loans to eligible commercial property owners so that they can reduce the rent owed by their impacted small business tenants by at least 75% for the months of April, May, … Continued



Business Credit Availability Program (BCAP)

SB Partners Admin on April 20, 2020 in COVID19

A Business Credit Availability Program (BCAP) was established to provide $65 billion of additional support to small and medium-sized businesses through the Business Development Bank of Canada (BDC) and Export Development Canada (EDC). BDC and EDC are working with private-sector lenders to coordinate on credit solutions for individual businesses, including in sectors such as oil and gas, … Continued



Canada Emergency Business Account (CEBA)

SB Partners Admin on April 7, 2020 in COVID19

What You Need to Know: Canada Emergency Business Account (CEBA) CEBA is administered through your business’s primary operating bank. Most banking institutions will send out instructions on how to apply. Who is eligible to receive the CEBA? How to prepare for the CEBA enrollment process: Locate your 2019 T4 Summary of Remuneration Paid statement. You … Continued



Income Tax Filing and Payment Dates

SB Partners Admin on April 7, 2020 in COVID19

COVID-19: CRA INCOME TAX FILING AND PAYMENT DATES Tax Year Filing Deadline Payment Date Individuals 2019 tax year June 1, 2020 Sept 1, 2020* Self-Employed Individuals(Includes spouse) 2019 tax year June 15, 2020 Sept 1, 2020** Corporations Filing due date after March 18, 2020 and before June 1, 2020 June 1, 2020 Sept 1, 2020** … Continued



Canada Emergency Wage Subsidy (CEWS)

SB Partners Admin on April 7, 2020 in COVID19

Actionable Information Canada Emergency Wage Subsidy (CEWS) On April 11, 2020, the government passed the Canada Emergency Wage Subsidy Bill as part of the COVID-19 Emergency Response Act, No. 2. What does the Canada Emergency Wage Subsidy (CEWS) mean for my business? The CEWS is a 75% subsidy available to non-publicly funded companies, charities, and … Continued



Temporary Wage Subsidy

SB Partners Admin on April 7, 2020 in COVID19

Actionable Information: Temporary 10% Wage Subsidy I am a business owner or employer. How do I know if I am eligible? In order to be eligible, the employer must meet three criteria: employ one or more individuals in Canada (“eligible employees”); was registered, with a business number and a payroll remittance account, on March 18, … Continued



WSIB: Financial Relief Package

SB Partners Admin on April 7, 2020 in COVID19

What does WSIB Financial Relief Package mean for my business? The financial relief package allows Ontario businesses to defer premium reporting and payments until August 31, 2020. Businesses who report and pay monthly, quarterly or annually based on their insurable earnings are eligible for this deferral. Each payer of WSIB premiums reports and pays on the previous full … Continued



Employer Health Tax (EHT)

SB Partners Admin on April 7, 2020 in COVID19

What does the Employer Health Tax (EHT) relief measure mean for my business? On March 25, 2020, the Ontario government announced relief measures to help support Ontario businesses when they need it most. Note: This measure only applies to businesses that pay wages greater than $490,000 annually. What’s Included? Increasing the Employer Health Tax exemption … Continued