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Canada Emergency Wage Subsidy (CEWS)

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

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

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)

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

Canada Emergency Response Benefit (CERB)

Actionable Information What is the Canada Emergency Response Benefit (CERB)? If you have lost income because of COVID-19, the Canada Emergency Response Benefit (CERB) will provide you with temporary income support. The CERB will provide you with $500 a week for up to 24 weeks. The government started accepting applications on April 6, 2020. Who … Continued

COVID-19: Updates for Individuals

Actionable Information Canada Emergency Response Benefit (CERB) New Recovery Benefits

COVID-19: Updates for Business Owners

Actionable Information: Business Credit Availability Program (BCAP) Canada Emergency Wage Subsidy (CEWS) (75%) Canada Emergency Business Account (CEBA) Canada Emergency Commercial Rent Assistance (CECRA) 10% Temporary Wage Subsidy Employer Health Tax (EHT) WSIB Relief Package Tax Filing Deadlines Canada’s COVID-19 Economic Response Plan

COVID-19: Updates and Support

SB Partners is deemed an essential workplace and will continue to operate at full capacity to ensure client corporate and personal tax filing deadlines are met. We strongly encourage clients to make use of our client portal or email for delivery of any accounting records and T1 documentation that is required. Alternatively, clients can utilize … Continued

The Impact of COVID-19 on Business: Cash Flow Strategies

Since the spread of COVID-19 SB Partners’ focus has been the safety of its team, clients and community. The firm is committed to keeping ahead on the latest Corona Virus developments and will provide access to resources to help business leaders navigate during these unprecedented times. At this point, risk management is vital for a … Continued

Canada’s COVID-19 Economic Response Plan

SB Partners is committed to keeping you informed on the latest COVID-19 developments. Since the beginning of March, restrictions, and measures related to COVID-19 have rapidly escalated. On March 18, 2020, the Government of Canada announced a series of measures designed to support the finances of individuals, businesses, charities, and non-profit organizations. Since then, on an … Continued