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May
11

COVID-19 Financial Relief and Support: Weekly Updates

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Since the start of the COVID-19 pandemic, we have been overwhelmed with lots of new information regarding the available financial relief for individuals and businesses.  There have been updates on a regular basis.  To help you keep up with all these, we have listed all the updates per week below:Week of June 28. 2020:1. Alberta's Small and Medium Enterprise (SME) Relaunch Grant: The Alberta Government announced details of this new program this week. Eligible SMEs can apply for 15% of their pre-COVID-19 monthly revenue up to a maximum of $5,000 in funding. For more info: Alberta`s SME Relaunch Grant2.  End of the Sales...
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Apr
30

COVID-19 Financial Relief and Support for Businesses Video Series

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KD has started a video series to help business owners know more about the financial relief options available to them.  Please click on the link below to get started! And don't forget to subscribe as we will be uploading new videos every week! KD Business Tips YouTube ChannelLinks to our new videos here: An Introduction to the Regional Relief and Recovery Fund (RRRF)Update on the Canada Emergency Business Account (CEBA)Update on the Canada Emergency Wage Subsidy (CEWS)Tips for Businesses on COVID 19 Financial ReliefWhat are the COVID-19 support available for Alberta businesses?What is the Work Sharing Program?How can the CRA affect you during...
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Apr
27

UPDATE: Applications for the Canada Emergency Wage Subsidy (CEWS)

CEWS
On April 27, 2020, the CRA has launched the application process for the Canada Emergency Wage Subsidy. The CRA is the agency administering the CEWS on behalf of the federal government. Employers can now apply for the CEWS through My Business Account or through the CRA’s online application portal. Their representatives can also apply through Represent a Client. What happens after your application? Once your claim is approved through the CRA’s automated verification process, payment will be sent on May 5th. Payments made through direct deposit will then start to appear in the employer’s account by May 7th. Note that some...
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Apr
27

Canada Emergency Commercial Rent Assistance (CECRA) for Small Businesses

CECRA
Update (week of June 28, 2020):  The Federal Government announced the extension of the CECRA by one month to cover eligible small business rents for July 2020. 1. What is the Canada Emergency Commercial Rent Assistance (CECRA)? The CECRA is a program for small businesses affected by the COVID 19 pandemic. This program will lower rent paid by these small businesses by 75%.2. Who are eligible? As mentioned, the CECRA is for small businesses affected by COVID 19. These small businesses will be eligible if they are paying less than $50,000 per month in rent and have temporarily ceased operations or have...
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