Rebryna Dana LLP
405 6th Ave. T0G 2A4 Slave Lake, AB, Canada

Wage subsidy is being extended. Let us know if you have any questions about this subsidy or any of the other programs being offered by the government.

*** UPDATE ON SUPPORT PROGRAMS AVAILABLE FOR THOSE AFFECTED BY COVID-19 *** Our banking institutions and the Government are working to provide relief from some of the economic burdens that have arisen as a result of the global pandemic we are facing. Included in some of the measures, you can find "Deferrals for various types of Payments", "Taxation breaks" and/or "pushbacks", "New Loan Programs" for Businesses and a host of other additional measures. ... Below are some links to the various updates that we have found and wish to forward to you our cherished clients. - Department of Finance Canada Additional Support for Canadian Businesses from the Economic Impact of COVID-19 https://www.canada.ca//additional-support-for-canadian-bus - Here is a direct link to learn more about the Canada Emergency Wage Subsidy: https://www.canada.ca//the-canada-emergency-wage-subsidy.h - Here is the link to Canada's COVID-19 Economic Response Plan: https://www.canada.ca//departm/economic-response-plan.html - The RBC offers CEBA, (Canada Emergency Business Account) announced by the Government of Canada on March 27th. This is a $40K government-guaranteed loan intended to help eligible businesses. https://www.rbc.com/covid-19/business.html - - The RBC offers Finacial Relief Programs for Business and Personal clients as well as Credit Card Payment Deferments: https://www.rbc.com/covid-19/index.html To learn more about how the RBC is helping or to register online for CRA Direct Deposit through RBC for the CERB (Canada Emergency Response Benefit) account, please visit: https://www.rbc.com/covid-19/index.html - The Alberta Treasury Branch is also actively working to help their clients affected by the various economic impacts from COVID-19. Visit the link below to learn how they are helping: https://www.atb.com/covid-19/updates/ Our government, our financial institutions, and a host of other companies just like Rebryna Dana LLP, are working hard during this crisis to make life somehow better by pulling together and bringing you updates that provide information that gives you the resources you need to get through this. Keep in mind that everyone is trying to make this as painless as we can. Going the extra mile is something we want to do for you, and we'd also like to encourage you to stay alert and stay connected while you social distance and have to isolate for your good health. This pandemic will come to an end, and we can all get back to normal eventually, in the meantime, we are here for you.

*** UPDATE *** WAGE SUBSIDY INFO https://www.canada.ca//the-canada-emergency-wage-subsidy.h

The Finance Minister has provided further details qualifying which businesses and not-for-profits will be able to apply for the Wage Subsidy. These are the points we would like to share with you so far: Any organization that has a 30% reduction in revenue will be able to apply, This 30% reduction is being calculated month by month from the previous year, March, April & May. (ie. March 2020 has revenue that is 30% lower than March 2019) Businesses will not receive fund...s until after a six week period has passed. Applications will be processed through a portal on CRA’s website. View info here at the link provided below: https://www.youtube.com/watch?v=PNgcy5URJ6A (please note that the conference doesn’t start until about 22 minutes in)

WAGE SUBSIDY | How to claim a wage subsidy. Click on the link below for more information. https://www.canada.ca//frequently-asked-questions-wage-sub