Great news for businesses! The new Canada Emergency Rent Subsidy will be available directly to business owners who need rent relief. The Wage Subsidy has been extended to June 2021. And the CEBA has been expanded to provide up to $20,000 interest-free loan.
Starting October 5, 2020, the Government of Canada will be accepting online applications for the Canada Recovery Sickness Benefit (CRSB) and the Canada Recovery Caregiving Benefit (CRCB).
Many business owners have built up earnings in their corporation and are looking for tax efficient ways to pull the earnings out to achieve their personal and business financial goals. We outline the factors to consider when investing as a corporation.
https://67k78b.a2cdn1.secureserver.net/wp-content/uploads/2020/10/Slide1.jpeg?time=1714727200405720Horizon Financialhttps://67k78b.a2cdn1.secureserver.net/wp-content/uploads/2019/12/horizonEnfold2.jpgHorizon Financial2020-10-01 00:36:002020-10-01 00:42:05Investing as a Business Owner
On September 23rd, in a speech delivered by Governor General Julie Payette, Prime Minister Justin Trudeau outlined the Federal government’s priorities.
On August 31st, Deputy Prime Minister and Minister of Finance Chrystia Freeland announced the extension of the Canada Emergency Business Account (CEBA) to October 31st, 2020. This will give small businesses 2 additional months to apply for the $40,000 loan.
In addition, the Federal Government said it was working with financial institutions to make the CEBA program available to those with qualifying payroll or non-deferrable expenses that have so far been unable to apply due to not operating from a business banking account.
https://67k78b.a2cdn1.secureserver.net/wp-content/uploads/2020/09/CEBA_extended_to_Oct_31_and_expanded@2x.png?time=17147272006401000Horizon Financialhttps://67k78b.a2cdn1.secureserver.net/wp-content/uploads/2019/12/horizonEnfold2.jpgHorizon Financial2020-09-01 16:44:542020-09-01 17:42:06CEBA extended to October 31st. Expanded to include more businesses.
New Canada Emergency Rent Subsidy | Wage Subsidy extended | CEBA additional $20,000 loan
/in 2020, Blog, Coronavirus, Coronavirus - Practice Owners /by Horizon FinancialGreat news for businesses! The new Canada Emergency Rent Subsidy will be available directly to business owners who need rent relief. The Wage Subsidy has been extended to June 2021. And the CEBA has been expanded to provide up to $20,000 interest-free loan.
Applications for Canada Recovery Sickness Benefit and Caregiving Benefit starts today!
/in Blog, Coronavirus, Coronavirus - Associates, Coronavirus - Practice Owners, Coronavirus - Students /by Horizon FinancialStarting October 5, 2020, the Government of Canada will be accepting online applications for the Canada Recovery Sickness Benefit (CRSB) and the Canada Recovery Caregiving Benefit (CRCB).
Investing as a Business Owner
/in Blog, Business Owners, corporate, Investment, rrsp, Tax Free Savings Account /by Horizon FinancialMany business owners have built up earnings in their corporation and are looking for tax efficient ways to pull the earnings out to achieve their personal and business financial goals. We outline the factors to consider when investing as a corporation.
Throne Speech: Recovery Plan Highlights
/in Blog, Coronavirus, Coronavirus - Associates, Coronavirus - Practice Owners, Coronavirus - Students, disability /by Horizon FinancialOn September 23rd, in a speech delivered by Governor General Julie Payette, Prime Minister Justin Trudeau outlined the Federal government’s priorities.
CEBA extended to October 31st. Expanded to include more businesses.
/in 2020 Only, Blog, Coronavirus, Coronavirus - Practice Owners, Debt /by Horizon FinancialOn August 31st, Deputy Prime Minister and Minister of Finance Chrystia Freeland announced the extension of the Canada Emergency Business Account (CEBA) to October 31st, 2020. This will give small businesses 2 additional months to apply for the $40,000 loan.
In addition, the Federal Government said it was working with financial institutions to make the CEBA program available to those with qualifying payroll or non-deferrable expenses that have so far been unable to apply due to not operating from a business banking account.