office employees that have access to COVID-19 relief benefits

Ottawa expands access to COVID-19 relief benefits as restrictions tighten

Under intense pressure from the business community, and as COVID-19 restrictions are tightened across the country in an attempt to contain the fast-spreading Omicron variant, the federal government has stated its intention to temporarily expand access to two worker and business relief benefits. The $4 billion expansion would be covered by $4.5 billion in funding […]

person holding a maple leaf after Fiscal and Economic update 2021

Federal Fiscal and Economic Update 2021: Few gifts (or lumps of coal) for business

The federal government tabled its Fiscal and Economic Update 2021 last week and the business community across Canada wondered if it had been all but forgotten. The update was heavy on COVID-19 relief spending and made direct references to the potential uncertainty ahead—including the looming economic impact of the omicron coronavirus variant, global supply chain […]

Ontario Fall Economic Statement

Ontario’s Fall Economic Statement sets the stage for the spring election

Ontario’s Fall Economic Statement, released late last week, was clearly drafted with the province’s upcoming spring election in mind. With a focus on infrastructure and economic development, the statement is aimed at positioning the Progressive Conservatives as the party focused on economic growth, which is their traditional political wheelhouse. But it was also a decidedly […]

COVID-19 relief benefits for hospitality

Ottawa unveils targeted COVID-19 business support benefits

While the coronavirus pandemic has by no means subsided, the federal government clearly believes that the economy is regaining its footing, with recent job performance data confirming a return to pre-pandemic employment levels. Accordingly, Ottawa last week allowed three key COVID-19 business benefits—the Canada Emergency Wage Subsidy, the Canada Emergency Rent Subsidy and Lockdown Support—to […]

Voter casting a ballot during Canada's federal election 2021

UPDATED: Tax changes are likely with the new minority government

The very brief federal election campaign that few Canadians wanted is now over. We know which party will form the next government and which ones will provide the support that the victorious Liberals need to govern. It was no surprise that neither the Liberals nor the Conservatives garnered enough seats to win a majority. Now […]

paid sick days

Ontario launches paid sick days for employees affected by COVID-19

After months of lobbying on the part of the medical community and various labour groups, the Ontario government this week proposed amendments to the province’s Employment Standards Act, 2000, to provide up to three paid sick days for employees that need to miss work for reasons relating to COVID-19. Under the Worker Income Protection Benefit, […]

parliament of Canada

Federal Budget 2021 extends COVID-19 supports, introduces new taxes

Federal budget 2021, the first federal budget in two years, was tabled yesterday amid doom and gloom predictions of increases in the capital gains rates, taxation on the sale of principal residences, and a range of other tax increases to pay for COVID-19 relief programs. The worry proved to be all for naught—at least for […]

2021 Ontario budget offers billions in relief for hard-hit businesses

Ontario Finance Minister Peter Bethlenfalvy promised to table a provincial budget that would do what it takes to carry the province through the final stages of COVID-19—and the 2021 Ontario budget lives up to the promise of continued major spending commitments. The proposed package would see Queen’s Park spend $173 billion in 2021-22, up from […]

COVID-19: CEWS, CERS, Lockdown Support rates extended

The federal government today announced that it will extend the rate structures for three COVID-19 relief benefits—the Canada Emergency Wage Subsidy (CEWS), the Canada Emergency Rent Subsidy (CERS) and the Lockdown Support—until June 5th, 2021. The rates for each of the programs were set to expire on March 13th, 2021. The maximum CEWS wage subsidy […]

Chefs working at a restaurant

Highly Affected Sectors Credit Availability Program now open

The federal government’s new Highly Affected Sectors Credit Availability Program, a COVID-19 relief measure designed to help businesses operating in hard-hit sectors such as hospitality and tourism, is now accepting applications. The program provides loans—fully guaranteed by the Business Development Bank of Canada—of between $25,000 and $1 million to qualifying businesses. Loans of as much […]