Chad Tucker, CPA, CA
North York M2J Toronto, ON, Canada

Canada Emergency Rent Subsidy (CERS) On November 23, 2020, the government of Canada opened the CERS application process for the first period (September 27, 2020 to October 24, 2020). Application site: https://www.canada.ca//services/subsidy/emergency-rent-sub... Calculator site: https://www.canada.ca//emergency-rent-subsidy/cers-calcula Eligible expenses: https://www.canada.ca//emergency-/cers-expenses-claim.html Technical guidance: https://www.canada.ca//emerge/cers-technical-guidance.html Eligibility details are discussed and an online calculator is provided. Also note that particular care has been made to question whether an affiliated party is also making a claim. In such cases, a declaration as to which party is making which part of the $300,000 in total claims available is required.

It is not just seniors... https://www.cbc.ca/news/politics/senior-tax-1.5761496

CEWS - Furloughed Employees On September 25, 2020, the government of Canada proposed to extend the current treatment of furloughed employees under the wage subsidy program for the upcoming four-week period, from September 27 to October 24, 2020. This means employers who qualify for the wage subsidy would be able to continue to claim up to a maximum benefit of $847 per week per employee to support remuneration of their furloughed workers until October 24, 2020.... For the following periods, the government will review the wage subsidy program in light of ongoing progress in fighting COVID-19 as well as any adjustments needed to facilitate the extension of the wage subsidy into 2021 as committed in the Speech from the Throne. for the press release: https://www.canada.ca//government-provides-update-on-suppo

REDUCING THE GST/HST PAYABLE ON A POSSIBLE "BUILDER" ASSESSMENT - great article - quick read (see link below) https://www.ctf.ca///Canadian_Tax_Focus/2020/2/200204.aspx

DEBT ISSUES? https://youtu.be/IaS2QiZJKug if you need help...be proactive...get help now.