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INSIGHTS, NEWS & EVENTS

Our team is always up to something. Read our latest insights, news and updates here.

New Recovery Benefits

New Recovery Benefits If you were receiving CERB, you may be eligible for one of the new recovery benefits retroactive to September 27, 2020 and available until September 25, 2021. Canada Recovery Benefit (CRB) The Canada Recovery Benefit will provide eligible workers with $500 per week (taxable, tax deducted at source) for up to 26 … Continued

The Speech from the Throne Sheds Light on the New Economy

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

Federal government introduces legislation for new recovery benefits

On September 24, 2020, the federal government tabled Bill C-2, An Act relating to economic recovery in response to COVID-19, which creates three new temporary recovery benefits to support Canadians who are unable to work for reasons related to COVID-19. Specifically, the legislation includes: A Canada Recovery Benefit (CRB) of $500 per week for up … Continued

AI and Your Business

Artificial Intelligence, commonly referred to as AI, has become a focus of technological development in recent years. These programs appear in our daily lives with the ability to ask our assistants, like Siri or Alexa, to do several things for us. The use of AI in business is on the rise as companies embrace the … Continued

Enhanced Canada Emergency Wage Subsidy

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

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

Resources to Help Private Businesses Navigate The Pandemic

Trevor Hood, Partner and President Valuations Divison is a contributor to the Advisory Board on Demand. This group of subject matter experts provides advice and guidance to the CEOs of SMEs who don’t have their own advisory board. Comprising private equity, commercial and investment banking, HR, legal, accounting, and strategy expertise and a combined experience … Continued

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

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)

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)

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