Revenu Québec maintains all essential public services
Revenu Québec assures that it will maintain all essential services to the population during the new lockdown period. The organization’s priority will be to ensure the smooth operation of social tax programs and tax credit payments, so that no citizen or business is deprived of the sums to which they may be entitled. Revenu Québec […]
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% […]
Canada Revenue Agency increases fixed amount for meal claims and reasonable amount for meal allowances and grants
The Canada Revenue Agency will increase from $17 to $23 the amount employers can use to determine whether an overtime meal allowance or meals provided during overtime, as well as the “meal” portion of a travel allowance, are taxable. The Agency has also increased from $17 to $23 per meal the amount that transportation employees […]
#JechoisisPME
New data from the Canadian Federation of Independent Business (CFIB) shows that payment methods in SMEs have shifted from cash to contactless electronic payment options, including debit cards, credit cards and Interac e-Transfers. According to these latest results, one in three SME owners say they are increasing their use of credit cards and Interac e-Transfers […]
Gradual economic recovery in Quebec: 247,500 jobs created in June
The latest employment statistics for Quebec are encouraging, and point to the beginning of a recovery from the crisis. In June, 247,500 jobs were created. This is the second consecutive monthly increase, bringing to 478,400 the number of new jobs since the gradual reopening of certain sectors of the economy in May. Quebec has thus […]
Investissement Québec steps up its regional presence
Investissement Québec (IQ) announced today that it has completed the merger of the regional offices of the Ministère de l’Économie et de l’Innovation with those of IQ, as well as the integration of the Centre de recherche industrielle du Québec (CRIQ) and Export Québec teams into the corporation. The pooling of these strengths has led […]
Pandemic checklist
Our advisory services department has drawn up a series of questions in connection with the upcoming gradual decommissioning. As you know, the next few months are going to be all about recovery. But recovery also means preparation. To help you rebuild, or perhaps improve, your financial plan, our team of financial analysts is here to […]
More than $252 million for farmers, food companies and food processors
Today, Prime Minister Justin Trudeau announced important measures for agricultural programs. He also announced an investment of more than $252 million to support farmers, food companies and food processors who provide essential services to Canadians every day, ensuring a safe and reliable food supply. In addition, he announced that the government intends to propose the […]
Canada’s emergency assistance for commercial rent
Canada’s Emergency Commercial Rent Assistance (ECCRA) for small businesses provides much-needed support to small businesses experiencing financial hardship as a result of COVID-19. The program provides forgivable loans to eligible commercial property owners to reduce the rent payable by their affected small business tenants by at least 75% for the months of April, May and […]
Deferred payment: commercial vehicles and cabs
In order to support the commercial sector and businesses, the Quebec government and the Société de l’assurance automobile du Québec are announcing the deferral of payment of the amounts required to maintain the right to circulate for commercial vehicles and cabs until September1, 2020. The 5-month payment deferral will enable companies to retain close to […]