May
20

Update on the Canada Emergency Business Account (CEBA): Expansion of Eligibility

CEBA
Update (December 8, 2020):  Starting December 4, 2020, businesses can now access the second CEBA loan of up to $20,000, on top of the initial $40,000 that was available to small businesses Update (October 26, 2020):  Businesses using personal banking accounts can now access the CEBA.  Please note that to be eligible to apply, businesses must have been operating as a business as of March 1, 2020 and must successfully open a business account at a Canadian financial institution that is participating in CEBA and meet other existing CEBA eligibility criteria.  Update (October 9, 2020):  The expanded CEBA will allow access to an...
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May
20

Update on the Canada Emergency Wage Subsidy (CEWS): Eligibility Extension

CEWS
The following are the most recent updates regarding the Canada Emergency Wage Subsidy (CEWS).  The CEWS is extended by an additional 12 weeks to August 29, 2020 instead of the previously announced end date of June 6, 2020.The Government has made regulatory changes to extend eligibility for the CEWS to additional groups. Note that these changes are retroactive to April 11, 2020 which means that they apply to the first qualifying period starting March 15, 2020 and subsequent qualifying periods. The following prescribed organizations can now apply for the CEWS provided they meet all other eligibility criteria: - Partnerships with one...
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May
19

10% Temporary Wage Subsidy

10wagesubsidy
The Temporary Wage Subsidy for Employers is a 3-month measure that will allow eligible employers to reduce the amount of payroll deductions they remit to the CRA. Eligible Employers:You are an eligible employer if you are:• An individual• Partnership• Non-profit organization• Registered charity or• Canadian-controlled private corporate (CCPCs) including a cooperative corporation• Have an existing business number and payroll program account with the CRA on March 18, 2020 and• Pay salary, wages, bonuses or other remuneration to an eligible employee (an individual who is employed in Canada)For partnerships, only those with members consisting exclusively of individuals (excluding trusts) are eligible. CCPCs...
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May
14

Is your business impacted by COVID-19? Let KD help you find solutions! 

We-can-help-you
During this difficult time, we understand what you are going through as a business owner. We want to let you know that KD is here to help you. We are continuing to gather as much information as possible on financial relief options that may apply to your business. We want to be able to provide you with the resources you need to make the best possible business decisions at this time. Please know that you can consult with us if you are unsure as to what relief options can apply to your situation. We will be happy to strategize with you...
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