After an extraordinarily compressed timeline for debate and amendment, Bill C-14, the legislation to enact the new Canada Emergency Wage Subsidy that will provide relief to employers struggling to remain operational due to COVID-19, has received royal assent. The legislation is highly technical and laden with definitions and exceptions that make it complex—if there was […]
News today that the federal government is, indeed, considering changes to the new Canada Emergency Wage Subsidy to aid organizations struggling in the wake of the COVID-19 crisis, was lauded by many in the business community. As we reported previously, the $71 billion program would provide a subsidy of up to 75 per cent of […]
By all accounts, today’s rollout of the Canada Emergency Response Benefit (CERB) has gone relatively smoothly. Ottawa estimated that more than 240,000 Canadians, in search of financial support due to the COVID-19 crisis, had successfully applied for the program this morning alone. But at his daily press briefing, Prime Minister Justin Trudeau addressed criticism over […]
It’s challenging to design a multibillion-dollar piece of legislation at the best of times. Factor in the raging global coronavirus pandemic, a collapsing national economy and a business community in desperate need of support due to COVID-19 business closures, and we can all appreciate the uphill battle facing the federal government as it works to […]
The federal government today announced details of the much-anticipated Canada Emergency Wage Subsidy. As we noted in a previous blog, the program is designed to support Canadian businesses struggling to meet payroll and other operational needs in the face of the unprecedented COVID-19 crisis, while protecting jobs and discouraging further layoffs. Under the proposed plan, […]
It’s already being called the defining economic and social crisis of our generation. The coronavirus pandemic has wreaked havoc on the global economy. In Canada, organizations and their leaders are scrambling to make payroll, retain clients and employees–and remain operational–as revenue plummets and uncertainty impacts strategic decision-making. The federal and provincial governments have taken swift […]
The federal government has proposed a staggering set of measures to help individual Canadians and businesses cope in the face of the COVID-19 pandemic. One of the most significant programs announced thus far is the Canada Emergency Response Benefit (CERB). The program will merge and enhance the previously announced Emergency Care Benefit and the Emergency […]
The federal government told Canadians that absolutely every option was on the table as it took steps to mitigate the economic devastation wrought by the COVID-19 outbreak. Today’s announcement of enhanced relief measures to aid small- to medium-sized businesses underscores Ottawa’s determination to keep businesses afloat in the face of an unprecedented pandemic—not to mention […]
The COVID-19 crisis and ensuing shutdown of entire economies across the globe has sent governments scrambling to respond. From providing aid to individuals to supporting devastated businesses, stimulus packages have been organized at an unprecedented pace to boost market liquidity, mitigate shocking spikes in unemployment and stave off an even more widespread recession. It’s in […]
As the federal government rolled out a sweeping package of stimulus measures this week to cushion the economic blow from the COVID-19 epidemic, business owners across Canada immediately sought information as to how they could quickly access the new relief programs. The urgency has been heightened by complete shutdowns across some sectors such as hospitality, […]
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