Federal budget 2021-2022: highlights
What you need to know: The 2021 budget proposes to extend the wage subsidy, rent subsidy and containment support measure until September 25, 2021. Budget 2021 proposes to enhance the Canada Small Business Financing Program by increasing its annual funding by $560 million, supporting approximately 2,900 additional small businesses. The 2021 budget will impose a […]
Corporate tax returns: what to do with federal assistance received in 2020?
Federal grants for COVID-19 pandemic must be included in company tax return Contractors had access to several federal government programs in 2020 to help them through the COVID-19 pandemic. The amounts received will now have to be taken into account when the time comes to file the company’s income tax return. How do you find […]
COVID-19 – Additional aid to support businesses
The Minister of the Economy and Innovation, Mr. Pierre Fitzgibbon, has announced additional measures to the Aide aux entreprises en régions en alerte maximale (AERAM) to further alleviate the difficulties encountered by businesses as a result of the recent tightening of health regulations. The following adjustments are now in effect for companies subject to a […]
Recovery, transfer or sale plans for one in five companies
Source: Statistics Canada, Canadian Survey of Business Conditions, first quarter 2021. Adapted by Institut de la statistique du Québec. Some companies have prepared plans to relaunch, transfer or sell in the coming year. At the start of the first quarter of 2021, almost one in five businesses (18.4%) were planning to expand their operations (by […]
Emergency Canadian Commercial Rental Assistance (ECCRA): ensure sales tax compliance
Canadian Emergency Commercial Rental Assistance (CECRA) What are the sales tax implications for landlords and tenants? COVID has meant a great deal of inconvenience for all taxpayers. Both levels of government have put in place a number of relief and assistance measures. We’d like to draw your attention to some special features of the Emergency […]
Extension of the Emergency Account for Canadian Business (EACB)
Applicants now have until June 30, 2021 to apply to their financial institution for a $60,000 CUEC loan or a $20,000 top-up. CUEC requirements and deadlines As of December 4, 2020 , hard-hit small businesses and non-profits may be eligible for an additional $20,000 on the $40, 000 CUEC loan already available. Applicants requesting status […]
SPRINT: accelerating job creation and investment in Québec
The Quebec government has announced the addition of the Soutien aux projets d’investissement transformateurs (SPRINT) component to the ESSOR program, administered by Investissement Québec, to create quality jobs and accelerate the completion of new investment projects in Quebec. Eligible projects must involve investments of at least $10 million or the creation of 100 new jobs, […]
Covid-19 – Additional support for companies
The Minister of the Economy and Innovation, Mr. Pierre Fitzgibbon, announced on Wednesday, February 3, 2021, that business owners who were subject to a closure order in the context of the Covid-19 pandemic will be able to obtain reimbursement of their fixed costs during the restart period. This additional assistance represents the equivalent of one […]
Launch of the Credit Program for Highly Affected Sectors (PCSTT)
The Honourable Mary Ng, Minister of Small Business, Export Promotion and International Trade, has announced the launch of the Highly Affected Sectors Credit Program (HASSCP). This program, which was introduced as part of the Fall 2020 Economic Statement, will provide financial support to businesses that have been hardest hit by the COVID-19 pandemic. Canadian companies […]
Important announcement for businesses in the Laurentides and Pays-d’en-Haut MRCs
Businesses in the MRC des Laurentides and the MRC des Pays-d’en-Haut can now benefit from the Aide aux entreprises en régions en alerte maximale (AERAM) component of the Programme action concertée temporaire pour les entreprises (PACTE) and the Programme d’aide d’urgence aux petites et moyennes entreprises (PAUPME). PAUPME is administered by the MRCs, while PACTE […]