We are following guidance from the local health authorities to plan for and monitor the situation regarding COVID-19. While we are currently maintaining our operations, we have decided to implement a work from home policy.
Employment Insurance (EI): Temporary Changes – Eligibility changes as of September 27, 2020
Canada Recovery Caregiving Benefit (CRCB): $500/ week, up to 26 weeks
Canada Emergency Business Account will provide interest-free loans of up to $40,000 to small businesses and not-for-profits, to help cover their operating costs during a period where their revenues have been temporarily reduced.
Canada Emergency Commercial Rent Assistance (CECRA): opens at 8:00 a.m. EST on May 25, 2020. Canada Emergency Commercial Rent Assistance (CECRA) for small businesses provides relief for small businesses experiencing financial hardship due to COVID-19.
Canada Recovery Caregiving Benefit (CRCB): $500/ week, up to 26 weeks
Canada Emergency Student Benefit (CESB): eligible postsecondary students receive $1,250 a month from May to August, and if you are taking care of someone else or have a disability, that amount increases to $2,000 monthly.
The government of Canada would provide $500 per week for up to two weeks, for workers who are sick or must self-isolate for reasons related to COVID-19.
The government of Canada would provide $400 per week for up to 26 weeks, to workers who are self-employed or are not eligible for EI and who still require income support and who are available and looking for work.
Wondering what COVID19 support is available to you? Check our website for details
I forgot to apply for a previous period of CESB. Am I too late?
Special one-time tax-free payment for certified holders of the Disability Tax Credit, up to $600.
Applications for claim period 5 (July 5 to August 1) will open August 17, 2020.
Canada Emergency Wage Subsidy that would cover 75 per cent of salaries for qualifying businesses, for up to 3 months, retroactive to March 15, 2020.
Canada Emergency Business Account will provide interest-free loans of up to $40,000 to small businesses and not-for-profits, to help cover their operating costs during a period where their revenues have been temporarily reduced.
One-time tax-free payments for seniors eligible for Old Age Security, the Guaranteed Income Supplement and the Allowances will be issued automatically the week of July 6.
Support for your business.
Find COVID-19 support and other programs and services.
If you applied to both Employment Insurance (EI) and CERB, it’s important that you keep track
You will be able to apply to receive up to 24 weeks if you’re still unemployed and cannot find employment as a result of COVID-19.
The Government of Canada is providing a one-time tax-free payment of $300 for seniors eligible for the Old Age Security (OAS) pension, with an additional $200 for seniors eligible for the Guaranteed Income Supplement (GIS).
If you need to repay a Canada Emergency Response Benefit (CERB) payment, you can do it with a few simple clicks using My Account. You can also mail a cheque or money order to the CRA.
Benefits payments for eligible Canadians to continue until Fall 2020
Are you a Canadian student or recent graduate applying for the Canada Emergency Student Benefit (CESB) but have never filed a tax return?
Find the support you need for your business by answering a few questions to get a personalized list of support.
As a small token of our appreciation, Accounting Plus wants to contribute their professional expertise to help prepare frontline healthcare workers’ 2019 taxes.
Sign Up for Direct Deposit: So Get Your Money Quicker
Accounting Plus will not be offering any in-person appointments, nor will be able to process physical documents in a timely fashion, until April 5, 2020.
You may have mistakenly applied for the CERB twice. Don’t worry, CRA will contact you shortly. Any other combination of payments means you were paid accurately.
Ontario: Child Support: $200 per child. Check our website for details
Wondering what COVID19 support is available to you? Check our website for details
Until August 31st, 2020, we will recognize a Form T183 or T183CORP that has an electronic signature as meeting the signature requirements of the Income Tax Act.
Want to apply Canada Emergency Response Benefit (CERB) but do not know how to register CRA MyAccount? Here is the instruction
If you get a text message saying you received a deposit for the Canada Emergency Response Benefit. Beware it is a scam!
Canada is providing financial support to those affected by COVID-19.
The deadline to file your income tax and benefit return was extended from April 30th to June 1st, 2020!
Financial Measures From the Government of Canada in response to COVID-19
The motto we abide by relies on simplifying those financial tasks you may find challenging and time-consuming, so you have the freedom to solely focus on growing your business. The use of our cloud accounting software, Xero, will give you the opportunity to access your financial data anytime, anywhere, on any device.
We are specialists in Canadian taxation, and advise individuals on their tax affairs.
We are specialists in corporate taxation, working hard to decrease the amount of tax you legitimately need to pay.
We provide a complete accounting solution that helps you succeed as an individual and grow your business.
By getting behind your numbers, we get behind your business to give you the support you need to grow.
