Canada Emergency Student Benefit ("CESB")

By Trent Robinson
Tax Partner, Buckberger Baerg & Partners LLP

The Canada Emergency Student Benefit (CESB) is providing assistance between May 10th and August 29th to current post-secondary students, those starting post-secondary education in September and students who have graduated after November 2019. The basic assistance is $1,250 per month. Students who have a disability, have a young child, or have a dependent with a disability, may be eligible for...

Canada Announces Further Extensions and Expansions to the Wage Subsidy Program

By Enzo Morini, FCPA, FCA, TEP, Partner and Renaldo Heard, CPA, CA, LPA, CFP, Principal
Williams & Partners Chartered Professional Accountants LLP

As the COVID-19 pandemic continues to disrupt our workplaces and economy, the Government of Canada has announced a further extension of the Canada Emergency Wage Subsidy (CEWS), extending the program until December 19, 2020, although only details up to November 21, 2020 have been provided. These proposals enhance the CEWS to support workers and businesses for a longer period and minimize the applicants' requirements to allow for a greater number of...

The Canada Emergency Business Account ("CEBA")

By John Grummett, CPA, CA
Tax Partner, Taylor Leibow LLP

In an effort to support small to medium sized businesses during COVID-19, the Federal government introduced the CEBA loan program. It was meant to assist businesses, through providing financing, in paying expenses that could not be deferred or avoided so the business can navigate the period of economic shutdown and allow the business to be...