Riquelme & Associates, Chartered Professional Accountant
201 - 5623 Imperial Street V5J1G1 Burnaby, BC, Canada

https://biv.com//increasing-alarm-over-canadas-growing-soc

NEW COVID 19 OFFICE RESTRICTIONS AT RIQUELME & ASSOCIATES! In compliance with the latest Covid 19 restrictions announced on the weekend, effective immediately and until further notice.....all office appointments will be held virtually. Drop off and pick up of documents is still available with appointment and following Covid 19 measures Thank you to all our clients for their understanding and patience. ... Let's work together to lessen the spread of this virus! See more

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Canada Emergency Commercial Rent Assistance is set to end soon!!!!! https://www.cmhc-schl.gc.ca//finance-and-investing/covid19

FEDERAL GOVERNMENT UPDATED: Regional Relief and Recovery Fund Launched to Support Businesses Facing COVID Hardship October 2 An additional $600 million has been announced from the federal government to support the RRRF initiative.... The Regional Relief and Recover Fund (RRRF) is designed to support local businesses facing financial hardship because of COVID-19, but who which are ineligible for not eligible for the Canadian Emergency Business Account (CEBA) program, the RRRF Community Futures Stream, (for rural businesses) or the RRRF Women’s Enterprise Initiative Stream (click here for more info on this program) to access existing supports. This fund will provide finding in either up to $40,000 interest-free loans, or interest free loans over $40,000 and up to $1 million. There is a separate stream of funding for rural businesses as well through Community Futures offices. Further details are below or read more on the RRRF page here, including how to apply. RRRF Loans UP to $40,000 About: Will provide eligible small- and medium-sized enterprises (SMEs) with an interest-free repayable contribution of up to $40,000 to help alleviate financial hardship resulting from COVID-19 Eligibility: Eligible businesses include businesses which have only contractors, which pay their owners with dividends or non-T4 income, or pre-revenue firms. Sole proprietors and non profits are NOT eligible Applicants must have fewer than 500 full-time employees, be located in Western Canada, not be serviced by a Community Future office (the Lower Mainland is not, so is eligible), were operational on March 1, 2020 and expect to continue operating in Western Canada Business is not eligible for CEBA or have applied and been denied Funding: The amount of the funding will be a max of $40,000 The amount of funding will be based on the shortfall between the businesses fixed operating costs and the forecast revenue between April 1 and September 30, 2020. There must be a shortfall to receive funding. Fixed operating costs include items such as utilities, insurance, debt expense (e.g. interest payments, bank charges), professional fees, rent, wages and salaries, property and business taxes No repayments are required until after December 31, 2022, but repayment of 75%, or up to $30,000, of the contribution amount, on or before December 31, 2022, will result in the forgiveness of 25%, or up to $10,000 of the total contribution

FEDERAL GOVERNMENT ANNOUNCEMENT : $40,000 Forgivable Loans for Women-Run Businesses Women’s Enterprise Initiative Stream The Women’s Enterprise Initiative Stream is a separate funding program through the Regional Relief and Recovery Program which provides loans of up to $40,000, which are partially forgivable, for women-run businesses to help them cope with financial hardship and recovery from COVID-19. Click link below for more information!... https://www.womensenterprise.ca//regional-relief-and-reco/