Archive for the ‘News’ Category

To assist hardest-hit businesses with covering operational costs, the Business Development Bank of Canada (BDC) has been mandated by the Government of Canada to provide a guarantee to the financial institutions providing low interest loans ranging from $25,000 to $1,000,000 for qualifying businesses, called the Highly Affected Sectors Credit Availability Program (HASCAP) Guarantee.  Repayment terms are up to 10 years, with […]

COVID-19 continues to challenge us every day.  While the government assistance/programs pertaining to salary of employees of affected businesses provided welcome relief, it has also created additional reporting requirements about which employers must be aware. There were two payroll related programs, the Temporary Wage Subsidy (“TWS”) and the Canada Emergency Wage Subsidy (“CEWS”).  The TWS provided a less significant advantage, […]