The revised CEWS program has been extended to December 19, 2020 – with far greater complexity. Commencing with the period of July 5, 2020, rather than realizing a revenue decline of 30% to qualify for a 75% wage subsidy, the revised program allows an Eligible Employer with any level of revenue decline to receive a …
Dear Clients & Friends, As an ongoing service to our clients, we want to inform you of a great BDC initiative. BDC has announced an online application funding of up to $100,000 with the below terms. This program is available to non BDC clients as long as they have been in business for at least 2 …
BDC Online Financing for Small Business up to $100,000Read More »
COVID-19 has had a major impact on Canada’s banks with large loan loss provisions expected. The resulting tightening of lending parameters will see many Canadian businesses unable to obtain new borrowing or even renew current borrowing. Banks have initiated new, far more restrictive lending requirements BEFORE increases to credit facilities or establishing new relationships. This …
Bank Borrowing Facility Stress Test- A new program provided by HS & Partners LLPRead More »
Expansion to the Eligibility Criteria for the $40,000 CEBA Today the government announced an expansion to the eligibility criteria for the $40,000 Canada Emergency Business Account (CEBA) to include many owner-operated small businesses, enabling them to access interest free loans that will help cover operating costs. The program will now be available to a greater …
75% Wage Subsidy Applications On April 27, 2020, the 75% wage subsidy application process went live. We are happy to assist clients in this process. In order to calculate the amount of subsidy that you, as the employer, qualify for, you will need answer the following questions: 1. Have you already determined if …
To those in need of Guidance for Refinancing- We are here to Help! Dear Clients & Friends, As the economic effects of COVID-19 continue, HS & Partners understands that many of our clients and friends of the firm are experiencing liquidity problems. We want our clients to know that we understand and are determined to …
Introduction to our network of curated mortgage brokersRead More »
Commercial Rent Relief for Small Business Today April 4th, 2020, the government announced that it has reached an agreement with provinces and territories to implement the Canada Emergency Commercial Rent Assistance (CECRA) for small businesses. This program will lower rent by 75 %for small businesses that have been affected by COVID-19. Qualifying businesses are those …
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 …
Applications for the 75% Wage Subsidy will be open on April 27Read More »
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 …
New and Easier Life Insurance Applications done On-lineRead More »
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 …