Grover CPA Professional Corporation
7895 Tranmere Drive Unit 214 L5S 1V9 Mississauga, ON, Canada

Your Trusted CPA for Business & Personal Taxes.

Deadlines, deadlines and more deadlines. Despite the current pandemic, this time of year is always busy for our business owners. If we can help or assist in any way, please get in touch. Call 905-247-0193 #Accounting #SmallBusinesses

Whether it's bookkeeping, payroll, business planning or tax returns you are looking for support with, we offer a comprehensive range of accounting services and have the in-house team ready to assist. Get in touch today 905-247-0193

Extension of CERB for 1 month. This means people will be eligible for a payment of $ 2000 in September. Good news for the people who are facing hard time and unable to find a job during Pandemic. Government is also creating EI like benefits for self-employed individuals who are not eligible for Employement Insurance (EI).

CHANGES TO CEWS ( effective from July 5th onward) Canada has recently announced changes to Wage subsidy. The Wage subsidy is now divided into two parts Base Subsidy and Top Up Subsidy. The first one, i.e. Base Subsidy, is available to all the businesses based on their revenue decline criteria. The base subsidy will be gradually declining as the period passes. The subsidy per employee will be reduced to $ 677 in Next two claim period i.e. July and August, and $ 208 in the final claim period. The final qualifying period for CEWS subsidy will end on November 21st, 2020. The second part, i.e. Top up subsidy, is available to businesses adversely affected by the Pandemic. However, new changes do provide certainty to employers to get the amount based on previous rules if they have already made decision for July and August month.