Seguin Financial
1300 Notre Dame K6J 4Y8 Cornwall, ON, Canada

Do you know of a local business that wants to improve or upgrade their technological capabilities? RSVP now for our seminar this Friday on a local federal prog...ram that helps fund technology innovations in our local businesses. Learn from businesses who’ve already used the program and how you can apply. Register at www.EricDuncanMP.ca/RSVP.

Happy to be presenting a webinar on eCommerce bookkeeping for Digital Main Street in collaboration with Launch Lab and Invest Ottawa. Check it out! Registration link is here: https://www.eventbrite.ca/e/bookkeeping-for-your-e-commerce

If you're interested in a detailed explanation of the Canadian Emergency Wage Subsidy (CEWS) 2.0, I'm partnering up again with the Counties of SD&G and MP Eric ...Duncan to help businesses get a full understanding of the new changes. The webinar will be on Thursday, August 20th at 12pm. http://www.ericduncanmp.ca/rsvp to register. Please help me share this so we can help our small businesses! See more

Interested in CEWS 2.0? Here you go!

Hey everyone! We're back to scheduling free webinars. The next one up is an overview of QuickBooks Online. Andrew will go over all the newest features and will even share some best practices when starting into QuickBooks Online. As a reminder, these free webinars are possible due to the RIIEO grant and the Cornwall CFDC. Thanks!

Some great news for small businesses this morning!

Andrew went ahead and made a detailed 25m video on CEWS FAQ's. Check it out!

For small businesses who pay rent: Canadian Emergency Commercial Rent Assistance (CECRA) Updates -So this program is quite complex as it involves multiple parties (landlord, tenant, CHMC, provincial and territorial partners)... -Your business needs to have had at least a 70% reduction in revenue for April, May, and June. You would use the same basis as the CEWS benchmarks (year-over-year or against the January/February 2020 average). -The property owner must have a mortgage and that the property is occupied by one or more small business tenants (if you do not have a mortgage, further mechanisms will be implemented in the near future) -The property owner must have had declared rental income on their tax return for the tax years 2018 and/or 2019 -The property owner will enter into a rent reduction agreement for April, May, and June 2020 that will reduce the tenant's rent by at least 75%. This program can continue past June 2020 if the revenue reduction is still being met. -There are exclusions that won't be relevant for many tenants in Cornwall and area (over $50,000 in monthly rent, $20 million in annual revenue, etc.) -The landlord will get a forgiven loan to cover 50% of the rent and the landlord must "pay" at least 25% of the remaining variance. -The deadline to apply is August 31, 2020, and the landlord can retroactively apply. - We cannot apply on your behalf. You must speak to your landlord and they must apply. Example: Monthly rent is $2,000/month. The landlord will get $1,000 (50%) through the CECRA, the business owner will pay $500 (25%) and the landlord has a 'loss' of $500 (25%). Our thoughts: This is a tough program because the landlords' participation is voluntary. It is not up to the tenant so a discussion must occur between the two parties and depending on the relationship, it could feel like the small business is at the mercy of the landlord.

For any business that is trying to navigate the COVID-19 programs, Andrew Seguin is hosting a free 90-minute webinar on Friday, April 24th.

Ask Andrew Seguin, Founder of Seguin Financial any questions you may have on the CERB, CEBA or CEWS!

Check it out!!!

Hey everyone! I'm going live to answer all of your questions related to the CERB, CEWS or CEBA.