Grenning & Co.
589 Barton Street #202 L8E 6E4 Stoney Creek, ON, Canada

As the COVID-19 outbreak progresses in Canada, the federal government has taken steps to alleviate the burden felt by Canadians impacted by the virus. Several changes have been made over the past week, which include: For small businesses - 10% wage subsidy has been increased to 75% for up to 3 months, dating back to March 15, 2020. - Canadian Emergency Business Account will provide interest-free loans up to $40,000 if payroll in 2019 was between $50,000 to $1 million.... - Export Development Canada (EDC) is developing new operating credit and cash flow term loans for small and medium-sized enterprises. For individuals - $300 increase to the Canada Child Benefit for 2019-2020. - One-time special payment of $400 for low-income single individuals and $600 for families through the GST credit. - Canada Emergency Response Benefit (CERB) will provide $2,000 for up to four months. Many of these programs do not begin until April or May. For a comprehensive look into these programs, please follow the link to the Government of Canada's website. https://lnkd.in/gwsV6uZ

In response to recent events regarding COVID-19, we have closed our office effective immediately. This was not a decision made lightly, but we believe it to be in the interest of not only our employees, but our valued customers as well. We will re-open April 6th. Please be sure to check our website at grenningcompany.com and our Facebook page for updates during this time. We will do our best to keep you informed. We understand that this is a crucial time for personal tax and... want to assure you that there will be no interruption to the timely filing of your returns. The tax filing deadline has been extended to June 1st and tax payments will be deferred until after August 31st. For more information, please see grenningcompany.com. Please direct any questions that you may have to [email protected]. We sincerely thank you for your patience and are excited to continue to support you in the very near future. Please be safe and stay well.

We've included on our website the most up to date information from the Department of Finance regarding tax relief for individuals and small businesses. Visit our website for more information on the programs being made available to Canadians. http://grenningcompany.com/

The Canadian federal government is implementing $30 billion plan to curb the effects of the coronavirus on the economy and those most affected by it. "A new temporary program is also expected to be announced to provide income to self-employed and part-time workers who aren’t eligible for EI [employment insurance]." This article in the Globe & Mail lays out proposed measures that are expected to be unveiled within the next few days as the government takes action to alleviate t...he burden felt by small business owners. https://www.theglobeandmail.com//article-ottawa-to-unveil/

Given the current situation of the coronavirus in Canada, the Canada Revenue Agency has extended the personal tax filing deadline to June 1st. Taxpayers will have an extra month to file their personal taxes. Stay safe out there! https://nationalpost.com//government-extends-tax-deadline-