HSandPartners

Applications for the 75% Wage Subsidy will be open on April 27

Applications for the 75% Wage Subsidy will be open on April 27     Beginning April 27, applications will be open for the CEWS. Most businesses may apply using My Business Account If you need our help to apply, we can assist you through our Represent a Client access portal Alternatively, you may apply using a separate online …

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New and Easier Life Insurance Applications done On-line

New and Easier Life Insurance Applications done On-line We at HS & Partners hope that you are all safe and healthy through these unprecedented times. The COVID-19 pandemic has turned our world upside down, as we practice social distancing, work from home, and wonder about the uncertainties of what we will be able to do in …

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Covid-19 Update on Expanded Benefits

Covid-19 Update on Expanded Benefits   Dear Clients & Friends, Today the Prime Minister announced new measures to support Canadian businesses: The $40,000 interest-free loans program (the Canada Emergency Business Account (CEBA)) criteria will be expanded to include businesses that paid between $20,000 and $1.5 million in total payroll in 2019. This new range will …

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How to apply for the $40,000 Canada Emergency Business Account (“CEBA”)?

How to apply for the $40,000 Canada Emergency Business Account (“CEBA”)? Announced earlier this month by the Federal government, CEBA is now available for qualifying businesses. Applications are made through your business’ primary financial institution. It provides an interest free loan of up to $40,000 to eligible businesses to assist with their immediate operating cash …

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Update on More Flexible Criteria for the 75% Wage Subsidy

Update on More Flexible Criteria for the 75% Wage Subsidy   Dear Clients & Friends, Today the Government announced the following amended criteria to provide greater flexibility for businesses to access the 75% wage subsidy (the Canada Emergency Wage Subsidy, or “CEWS”): To measure their reduction in revenue, it is proposed that all employers have …

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How to Apply for Canada Emergency Response Benefit (CERB) with CRA

How to Apply for Canada Emergency Response Benefit (CERB) with CRA       On April 6, 2020, the $2,000/month CERB has gone live and the application process has opened for taxpayers who’s birthdays are in January, February and March. Those whose birthdays are in April, May, June, can apply on Tuesday. July, August, September birthdays can apply on Wednesday. October, …

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Wage Subsidy Details Announced

Wage Subsidy Details Announced Yesterday, Finance Minister Bill Morneau announced the details of the proposed Canada Emergency Wage Subsidy: The Canada Emergency Wage Subsidy would apply at a rate of 75% of the first $58,700 normally earned by employees – representing a benefit of up to $847 per week. The program would be in place …

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Clarifications and Details Regarding the 75% Wage Subsidy

Today’s ( March 30th, 2020)Update Clarifications and Details Regarding the 75% Wage Subsidy    Qualifying for the 75% wage subsidy will be a revenue-based test. It will apply to businesses who can show that revenue has dropped 30% or more as a result of COVID-19. Number of employees is not relevant. All companies will qualify (large …

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HS & Partners is an Essential Service and Will Remain Open

Dear Clients & Friends: Further to the Ontario government’s mandated business closures, please note that HS & Partners LLP is exempt as an “essential service”. As such, we will continue to operate as we have over the past 2 weeks. We ask that clients continue to send their documents by email/PDF (which is preferred); and courier …

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Additional Measures to Support Small Business

To further support small businesses, the Government of Canada today announced the following additional measures: A 75% wage subsidy for qualifying businesses, for up to 3 months, retroactive to March 15, 2020. This will help businesses to keep and return workers to the payroll. More details on eligibility criteria will be shared before the end …

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