Canadians are financially stressed

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

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! 

Highlights of the Fall Economic Statement 2020

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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Updates for Periods 5 to 10 of the Canada Emergency Wage Subsidy (CEWS)

The rules of the CEWS have been modified for periods 5 (July 5, 2020 to August 1, 2020) to 10 (November 22, 2020 and ends on December 19, 2020) with transitional rules available for periods 5 and 6. For periods 5 to 10 (starting July 5 to December 19, 2020), the CEWS has been adjusted to allow access to all eligible employers that have experienced a decline in revenue for a claim period, with a base wage subsidy amount and an additional top-up wage subsidy amount for those employers that have been adversely affected by the pandemic. Also, for periods 5...
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