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.
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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.
Canada Emergency Business Account (CEBA): Guaranteed 40,000 loans with $10,000 forgiveness*: June 22, 2020 Update
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.
Wondering what COVID19 support is available to you? Check our website for details
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).
Special one-time tax-free payment for certified holders of the Disability Tax Credit, up to $600.
Benefits payments for eligible Canadians to continue until Fall 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.
The deadline to file your Canadian personal income tax return has been extended from April 30, 2020 to June 1, 2020.
The deadline to pay all outstanding balances for tax year 2019 has been extended to August 31, 2020.
Are you a Canadian student or recent graduate applying for the Canada Emergency Student Benefit (CESB) but have never filed a tax return?
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.
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
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.
Financial Measures From the Government of Canada in response to COVID-19
Why it’s wise to file taxes even if you don’t have income.
Now is the Time to Record Your Vehicle’s Odometer Reading!