Want to know how the Canadian Government is helping your family and your business? Here is a 10-minute round-up of what you need to know, with CPA, Chartered Accountant, Evan De Poli. Note, regulations, policies, and funds are changing daily. This episode was recorded on March 21, 2020.
500,000 Canadians applied for employment insurance in the last week. Government seems to be able to help those who are qualified
Wage subsidy from the Canadian Government is 10% of salary for a 3 month period. Businesses get up to $25000
On top of that, there is $10 billion to be distributed to small businesses. There is a low-interest rate but can be worth saving your business contact Evan if you need help accessing this)
Compensation is available for those who are sick
If you need help, accountants are working via telephoneFor links to everything mentioned in this episode: https://www.ckbw.ca/2020/03/22/need-help-heres-how-to-apply-for-ei-covid-19-related-benefits/
If you need any more information please contact Evan De Poli on LinkedIn.