The Department of Finance has announced the extension of major COVID-19 financial support programs to support economic recovery. The extensions are as follows:• Canada Emergency Wage Subsidy (CEWS), Canada Emergency Rent Subsidy (CERS) and the Lockdown Support: extended until October 23, 2021 and increasing the rate of support for employers for the period between August 29 and September 25, 2021.• Canada Recovery Benefit (CRB), Canada Recovery Caregiving Benefit (CRC) and the Canada Recovery Sickness Benefit (CRSB): extended until October 23, 2021.• Maximum number of weeks available for the CRB: increased to an additional 4 weeks at a rate of $300 per...

Financial support for businesses are available through the Calgary Reopening Grant.  This support is available for restaurants, pubs, bars, fitness centres, nightclubs and live music venues.   You will need the following to apply: 1. Business licence  2. Operating as or trade name 3. Business location address 4. Corporation / partnership / sole proprietor name 5. Appropriate business category 6. Applicant must have a proper authority to consent to the details of the application.  Click here to apply: https://forms.calgary.ca/content/forms/af/public/public/2021-calgary-reopening-grant-application-t541.html  Eligible businesses can apply until August 10, 2021 or until funds are exhausted.  The approval process of applicants will take about 30 days and...

The Federal Government announced details of Budget 2021 in April. Budget 2021 showed the projected federal budget deficits as well as key measures to support the government's plans to ensure Canada's robust economic recovery.The projected Federal Budget Deficit for 2020-2021 is $354 billion. For 2021-2022, the project deficit will be $144 billion to $169 billion.Here are the key measures included:A Canada-wide early learning and child care system will be established to provide affordable and high-quality child care. New investments amount to almost $30 billion over the next 5 years to support this measure.Extension of the Canada Emergency Wage Subsidy (CEWS), Canada...

COVID-19 may cause significant delays in processing paper returns, as well as delivering notices of assessment and cheques in the mail. The CRA will process paper returns in the order it receives them. Since these delays do not impact processing electronic returns, the CRA encourages you to sign up for direct deposit and file your 2020 return online. This will help you get any refund faster and avoid interruptions to any benefit and credit payments. If you are registered for direct deposit, you will receive your payments without delay. Removal of drop boxes – Due to COVID-19, drop boxes have been...