Peter Wu & Associates
1200 West 73rd Ave V6P6G5 Vancouver, BC, Canada

If you are a Healthcare Service Provider and are looking to reopen your business to the public, please join us for a special webinar on Friday, May 29th at 4pm. We have partnered with Prometheus Advisory Group to feature some of our own clients on a panel to discuss their thoughts, concerns, and plans to keep themselves, their staff, patients, and broader community safe during Phase 2 of the Province's reopening plan. From considerations such as patient appointment scheduling, physical distancing, and PPE, our panelists will walk you through their thought process as they embrace the opportunity to restart their business.

NEWS! 75% commercial rent reduction for small businesses impacted by virus The devil is in the details. To be addressed: commercial property owners without mortgage; business significantly impacted but not yet hit the 70% revenue decline..etc https://nationalpost.com//covid-19-feds-provinces-to-cover#

If you are a Healthcare Service Provider and are looking to reopen your business to the public, please join us for a special webinar on Friday, May 29th at 4pm. We have partnered with Prometheus Advisory Group to feature some of our own clients on a panel to discuss their thoughts, concerns, and plans to keep themselves, their staff, patients, and broader community safe during Phase 2 of the Province's reopening plan. From considerations such as patient appointment scheduling, physical distancing, and PPE, our panelists will walk you through their thought process as they embrace the opportunity to restart their business.

NEWS! 75% commercial rent reduction for small businesses impacted by virus The devil is in the details. To be addressed: commercial property owners without mortgage; business significantly impacted but not yet hit the 70% revenue decline..etc https://nationalpost.com//covid-19-feds-provinces-to-cover#

MANDARIN LANGUAGE ONLY. Radio interview on some key programs relevant to corporations enacted as at April 18, 2020. Topics Covered: -Canada Emergency Business Account (CEBA) -Canada Emergency Commercial Rent Assistance (CECRA)... -Canada Emergency Wage Subsidy (CEWS) -Temporary Wage Subsidy See more

MANDARIN LANGUAGE ONLY. Radio interview on some key programs relevant to individuals enacted as at April 18, 2020. Topics Covered: -Canada Emergency Response Benefit (CERB) -Additional GST rebate... -Additional Child Tax benefit -Mortgage deferral on residential housing -Tax filing and payment deadline extension -B.C Temporary Rental Supplement -B.C Emergency Benefit for Workers See more

We've been invited on Tuesday at 1pm to join Prometheus Group and special guest Al Smith to talk about helping businesses manage turnarounds, on pivoting from panic to opportunity, and using this economic slowdown to elevate your business and find ways to prosper in the new norm

We applaud the announcement made by the PM this morning to expand the $2,000/mon CERB benefit to part-time workers. Workers can continue to innovate and find alternative income sources while having the government support them. https://pm.gc.ca//prime-minister-announces-expanded-access

Take a look at the CRA's website on the eligibility requirements for the CERB https://www.canada.ca//s/benefits/ei/cerb-application.html

https://www.facebook.com/506035333/posts/10157155202395334

New announcement. A program that is meant to help people who have lost paid time due to the Covid-19 outbreak AND that they don’t qualify for EI benefits. $2,000 a month for 4 months to qualifying people. This CERB program replaces the previously announced Emergency Care Benefit and Emergency Support Benefit. Take a look. ... https://www.canada.ca//introduces-canada-emergency-respons

The new Emergency Care Benefit Introducing the Emergency Care Benefit providing up to $900 bi-weekly, for up to 15 weeks. This flat-payment Benefit would be administered through the Canada Revenue Agency (CRA) and provide income support to: -Workers, including the self-employed, who are quarantined or sick with COVID-19 but do not qualify for EI sickness benefits.... -Workers, including the self-employed, who are taking care of a family member who is sick with COVID-19, such as an elderly parent, but do not qualify for EI sickness benefits. -Parents with children who require care or supervision due to school or daycare closures, and are unable to earn employment income, irrespective of whether they qualify for EI or not. Application for the Benefit will be available in April 2020, and require Canadians to attest that they meet the eligibility requirements. They will need to re-attest every two weeks to reconfirm their eligibility. Canadians will select one of three channels to apply for the Benefit: 1. by accessing it on their CRA MyAccount secure portal; 2. by accessing it from their secure My Service Canada Account; or 3. by calling a toll free number equipped with an automated application process. https://www.canada.ca//departm/economic-response-plan.html

[Imporant Read] CRA clarified the 10% wage subsidy. Most small businesses having employees on payroll will benefit from this. Subsidy can be applied to payroll remittance due by April 15 (and for the next 3 months), or at the end of the year. Please contact us for further questions or clarifications. https://www.canada.ca//frequently-asked-questions-wage-sub

Updated chart - a good read regarding EI benefits and special programs

Important for businesses that pay salaries and will continue to remain operational during this time. I have an Excel calculator template to calculate the wage subsidy. This is a direct reduction of monthly payroll remittance. Please message below if you need that template file. [Extracted]... Helping Businesses Keep their Workers To support businesses that are facing revenue losses and to help prevent lay-offs, the government is proposing to provide eligible small employers a temporary wage subsidy for a period of three months. The subsidy will be equal to 10% of remuneration paid during that period, up to a maximum subsidy of $1,375 per employee and $25,000 per employer. Businesses will be able to benefit immediately from this support by reducing their remittances of income tax withheld on their employees’ remuneration. Employers benefiting from this measure will include corporations eligible for the small business deduction, as well as non-profit organizations and charities. https://www.canada.ca//canadas-covid-19-economic-response-

We will do our best to help pass along information we come across relating to Covid-19 relief programs for individuals and businesses. PWA team is working remotely to help answer your questions. Please feel free to reach out to us: [email protected]... We are here to help, at no cost.

If your business is considering closing operations temporarily and have employees who will be impacted, we are able to provide support and guidance. Reach out to us via Facebook or email: [email protected] and we can help answer some questions at no cost. PWA Team

We are doing our part to cooperate with Social Distancing in light of the recent COVID-19 outbreak. Effective immediately, the team at PWA will be working remotely and hosting video-conferencing meetings with our team and clients. We have the proper technology and tools to support our business without any interruption. We value the health and safety of our team and clients. We trust that these alternative work deliveries will provide even higher efficiency and convenienc...e for everyone. Please stay safe during these unsettling times. Exercise prudence, love and care for everyone around us. PWA Team

Monthly team training and birthday celebration. Today’s session was just a little bit different :)

Holiday party dinner with the team and family. Happy holidays everyone!

Deducting personal expenses against business income? Consider this article.

Check out our new website! The water drop symbolizes what we standard for - bring clarity and lasting impact to you and your business. Visit us today. https://www.pwcpa.ca/

New firm branding and design created by BAM