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Watch! The Canadian Emergency Response Benefit (COVID-19 – Video #10)

Canada Emergency Response Benefit (CERB):

  • Applications start on April 6 through CRA’s My Account.

  • If already applied for EI, no need to reapply for CERB.

  • Can’t get both the wage subsidy (see below) and the CERB.

  • Payment should be received within 3-5 days, if registered for direct deposit.

  • Recipients are to confirm once a month that they are still out of work.

 
General Info webpage and FAQ

Watch! The Canadian Emergency Response Benefit with Caitlin L. Butler CPA, CA, Hugh Neilson, FCPA, FCA, TEP and Joseph R. Devaney CPA, CA

 

This video is for general information purposes only and deals with dynamic, time-sensitive and complex matters that may not apply to particular facts and circumstances. The information provided should not be relied upon as a substitute for specialized professional advice in connection with any particular matter. For more information visit videotax.com/disclaimer. ©Video Tax News Inc. 2020, All Rights Reserved.

 

Watch! 75% Canada Emergency Wage Subsidy (COVID-19 – Video #9)

New! Registration for the subsidy will commence on April 27, 2020. A calculator will be available on the CRA website. The calculator and new details are available here.

New! See our April 11 update here. See our April 8 update here.

Wage Subsidy:

  • The 75% subsidy will be available to non-publicly funded companies, charities, and not for profits.

  • Entities must have a 30% decline in revenue since this time last year.  This is determined by comparing revenues to the same month last year for March, April or May.  Employers must reapply each month.

  • Employers must attest that they are doing everything that they can to pay the remaining 25%.

  • Application may be made online on a CRA portal to be launched soon.

  • Funds will be available in approximately 6 weeks.

  • Stiff and severe penalties for those that take advantage of the system.

  • Employers are encouraged to rehire recently laid-off employees.

Finance Release - Government Announces Details of the Canada Emergency Wage Subsidy to Help Businesses Keep Canadians in their jobs

Backgrounder - The Canada Emergency Wage Subsidy

This video is for general information purposes only and deals with dynamic, time-sensitive and complex matters that may not apply to particular facts and circumstances. The information provided should not be relied upon as a substitute for specialized professional advice in connection with any particular matter. For more information visit videotax.com/disclaimer. ©Video Tax News Inc. 2020, All Rights Reserved.

75% Canada Emergency Wage Subsidy (COVID-19 – Video #9a)

75% Canada Emergency Wage Subsidy - Additional Release from Finance (COVID-19 – Video #9b)

Watch! Other Individual Measures – Legislative Updates (COVID-19 – Video #7)

Watch! Other Individual Measures – Legislative Updates with Caitlin L. Butler CPA, CA and Hugh Neilson, FCPA, FCA, TEP.

Source

Recorded March 25, 2020

This video is for general information purposes only and deals with dynamic, time-sensitive and complex matters that may not apply to particular facts and circumstances. The information provided should not be relied upon as a substitute for specialized professional advice in connection with any particular matter. For more information visit videotax.com/disclaimer. ©Video Tax News Inc. 2022, All Rights Reserved.

 

 

Watch! Temporary Wage Subsidy – Legislative Updates (COVID-19 – Video #6)

Watch! Temporary Wage Subsidy – Legislative Updates with Joseph R. Devaney CPA, CA and Hugh Neilson, FCPA, FCA, TEP.

Source

Recorded March 25, 2020

 

This video is for general information purposes only and deals with dynamic, time-sensitive and complex matters that may not apply to particular facts and circumstances. The information provided should not be relied upon as a substitute for specialized professional advice in connection with any particular matter. For more information visit videotax.com/disclaimer. ©Video Tax News Inc. 2020, All Rights Reserved.

 

Watch! Emergency Response Benefit – Legislative Updates (COVID-19 – Video #5)

Watch! Emergency Response Benefit – Legislative Updates with Joseph R. Devaney CPA, CA and Caitlin L. Butler CPA, CA.

Source

Recorded March 25, 2020

This video is for general information purposes only and deals with dynamic, time-sensitive and complex matters that may not apply to particular facts and circumstances. The information provided should not be relied upon as a substitute for specialized professional advice in connection with any particular matter. For more information visit videotax.com/disclaimer. ©Video Tax News Inc. 2020, All Rights Reserved.