SUCL: applications now being accepted

Canada’s Economic Response Plan for COVID-19 has helped support millions of Canadian workers and businesses since the beginning of the pandemic. Through the Canada Emergency Rent Grant (CERG), the government is providing targeted, direct support to businesses, non-profit organizations and charities as they continue to cope with the economic impact of the COVID-19 pandemic. Diane […]

Update: New Canada Emergency Rental Grant (CERG) program

NEW Offered directly to tenants. Until June 2021. The program would support businesses, charities and non-profits that have suffered a drop in revenue by subsidizing a percentage of their rents, on a sliding scale, up to 65% of eligible expenses until December 19, 2020. A top-up grant to SUCL at the rate of 25% for […]

Adjustments to certain tax measures for individuals and businesses

strategic financial planning a must

The Ministère des Finances has published an information bulletin announcing changes to Quebec’s tax system, mainly in response to the consequences of the current crisis and the introduction of assistance measures by the federal government. These changes concern, in particular, Canadian economic stimulus benefits, assistance affecting tax incentives, the flow-through share plan, health and welfare […]

UPDATE: Canada Emergency Wage Subsidy (CESS)

REMINDER Possibility of applying in 4-week periods since the first period began on March 15, 2020; Based on sales decline calculated on a monthly basis for the full months of 2020. The required decline is : Month of March: 15% (qualifies for a subsidy of 75% of remuneration) Months of April, May and June: 30% […]

UPDATE: Canadian Business Emergency Account (CEEA)

REMINDER 40,000 interest-free loan, of which $10,000 will be forgiven (subsidized) if $30,000 is repaid by December 31, 2022. Subject to certain conditions. You can apply according to two types of eligibility: Have between $20,000 and $1.5 million in payroll in 2019 according to T4 summary; Have $40,000 in non-deferrable expenses (fixed costs) for 2020, […]

Assistance programs: very useful for Quebec SMEs

With Quebec facing the second wave of COVID-19, and many concerned about its potential economic impact, CFIB asked SME owners to evaluate the assistance programs offered by the Quebec government, in order to better understand how satisfied they are with them. Québec programs for SMEs Scores awarded by the largest proportion*. Commercial loans under $50,000: […]

How are self-employed Canadians faring economically during the pandemic?

A new study examines the degree of dependence on self-employment income among self-employed workers with and without T4 Supplementary income (wages and salaries for which a person receives a T4 slip). It also looks at the impact this degree of dependence may have on their ability to cope with financial difficulties after COVID-19. The presence […]

Québec government enhances Canada’s emergency assistance for commercial rent

  On June 8, the Quebec government announced a $140 million enhancement to the Canadian Emergency Commercial Rental Assistance (CECRA) program for Quebec commercial property owners. Thanks to this measure, landlords who had to commit to absorbing a 25% loss when registering for the program will now receive an amount equivalent to 12.5% of the […]

Important notice – Recognition of amounts received under temporary federal measures

The Ministère du Travail, de l’Emploi et de la Solidarité sociale reminds people receiving financial assistance from the Ministère that they must declare the amounts received from the federal government in the context of the COVID-19 health crisis. In the interests of fairness to all citizens, benefits or subsidies received under temporary federal measures will […]