Feb
22

Highly Affected Sectors Credit Availability Program (HASCAP)

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What is HASCAP? HASCAP provides low- interest loans of $25k to $1M to businesses heavily affected by COVID 19. HASCAP is available to businesses that operate in sectors such as tourism and hospitality, restaurants, and those that primarily rely on in-person services. This program is available at some participating financial institutions. HASCAP offers a 4% interest rate, repayment term of up to 10 years and up to 12-month postponement of principal payments at the start of the loan.  Government of Canada has mandated BDC to provide a guarantee to your financial institution for 100% of the value of a new term...
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Feb
17

Canadians are financially stressed

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According to a 2020 research by Canadian Payroll Association, working Canadians during this pandemic are better off financially but are more financially stressed than in the past.The new research published in September 2020 said Canadians who are still working through the pandemic have found themselves in a better financial position. 62% of workers are able to save more than 5% of their paycheque than in 2019 with only 59% of workers. And 6% fewer said they are living from paycheque to paycheque.But contrary to expectation, a greater proportion of working Canadians are more financially stressed than before. The research showed that...
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Jan
27

FREE online event: COVID Financial Support for Businesses on Feb. 25th

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We are pleased to invite you to our upcoming online event through ZOOM:  COVID Financial Support for Businesses KD Professional's CEO, Michael Lepitre will be talking about the main financial support programs that are available to businesses that have been affected by the COVID-19 pandemic.We'll talk about support programs such as the Canada Emergency Business Account (CEBA), the Canada Emergency Wage Subsidy (CEWS) and the Canada Emergency Rent Subsidy (CERS) and discuss how you can maximize them! When:  February 25, 2021, Thursday at 11am Please click on this link to register on Zoom:  Register Here Thank you! 
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Dec
04

Highlights of the Fall Economic Statement 2020

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The Federal Government released the Fall Economic Statement 2020 on November 30, 2020. Here are the highlights of the Fall Economic Statement 2020:• The deficit is expected to reach $381.6 billion in 2020-21. In the next 2 years, the deficit is expected to fall to $121.2 billion in 2021-22 and to $50.7 billion in 2022-23. • The Federal Government plans to invest up to $100 billion over three years to jumpstart our economic recovery once the virus in under control. • The Federal Government will increase funding to provinces that are facing a year-over-year decline in non-resource revenues through the Fiscal...
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