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The Speech from the Throne Sheds Light on the New Economy

The Speech from the Throne Sheds Light on the New Economy

SB Partners Admin on September 30, 2020 in COVID19

The recent Speech from the Throne delivered by the Honorable Governor-General on September 23 provided some insight into the direction the government intends to guide the Canadian economy through the remainder of the COVID-19 pandemic and beyond. The speech outlined four foundations: “Protecting Canadians from COVID-19”, “Helping Canadians through he pandemic”, “Building Back Better” improving … Continued



Enhanced Canada Emergency Wage Subsidy

SB Partners Admin on August 19, 2020 in COVID19

On August 17th, 2020, the Minister of National Revenue, the Honourable Diane Lebouthillier, announced that the Canada Revenue Agency has opened applications for Period 5 – the first period of the enhanced CEWS program. Highlights of the program changes for Periods 5-9 include: The extension of the CEWS, including redesigned program details, until November 21, … Continued



CERB Repayment

SB Partners Admin on July 28, 2020 in COVID19

In the wake of the COVID pandemic outbreak, the Canadian government introduced the Canadian Emergency Response Benefit (CERB). Financial assistance to employed and self-employed individuals of up to $2000 for a four-week period. That works out to be $500 a week, and the availability of the CERB was extended over several four-week periods. The CRA … Continued



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

On July 31, 2020 Finance Minister Bill Morneau announced that the Canada Emergency Commercial Rent Assistance (CECRA) will be extended by one month. Existing applicants need to reapply for the month of August and have until September 14, 2020 to do so. New applicants have the choice of applying for the three-month initial period, four months … Continued



Business Credit Availability Program (BCAP)

SB Partners Admin on April 20, 2020 in COVID19

Application deadline for the BCAP extended to June, 2021. 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 … Continued



Canada Emergency Business Account (CEBA)

SB Partners Admin on April 7, 2020 in COVID19

The application deadline for CEBA extended from August 31, 2020, to October 31, 2020. 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 … 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 30, 2020* Self-Employed Individuals(Includes spouse) 2019 tax year June 15, 2020 Sept 30, 2020** Corporations Filing due date after March 18, 2020 and before June 1, 2020 June 1, 2020 Sept 30, 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