Financial Support
Resources from government to support businesses and entrepreneurs during the crisis
Updated: Understanding the Canadian Wage Subsidy Programs
Note (August 18, 2020): We’ve partnered with Punchcard Systems and Video Tax News to produce the CEWS 2.0 Estimator. The...
Financial supports for Alberta-based businesses
The government has made several decisions that will give Albertans and Alberta employers additional supports as they deal with the...
Financial supports for BC-based businesses
The BC provincial government has made the following available to employers requiring additional supports as they deal with the impacts...
Financial supports for Saskatchewan-based businesses
The Saskatchewan provincial government has made the following available to employers requiring additional supports as they deal with the impacts...
Financial supports for Manitoba-based businesses
The Manitoba provincial government has made the following available to employers requiring additional supports as they deal with the impacts...
BDC Support for Entrepreneurs
“The health and well-being of entrepreneurs, clients and non-clients as well as of our partners is our top priority. Business...
Work Sharing Programs
Both the United States and Canada have work share programs, which allow businesses to temporarily reduce the hours of their...
AGLC allows modified use of charitable gaming proceeds during COVID-19 outbreak
The Alberta Gaming and Liquor Commission recognizes that non-profit and charitable groups may need expanded use of proceeds in order...
Understanding the Canada Emergency Response Benefit
To support workers and help businesses keep their employees, the government has proposed legislation to establish the Canada Emergency Response...
Indigenous Tourism Association of Canada Supports Indigenous Tourism Businesses
The Indigenous Tourism Association of Canada (ITAC) has rewritten their business plan for their upcoming fiscal year 2020-21, in response...
Annual returns for Alberta corporations, cooperatives, and organizations during COVID-19
In keeping with public gathering restrictions, deadlines are suspended for corporations, partnerships, cooperatives, and non-profit organizations to hold annual general...
Increased wage subsidy for Canadian businesses
This article may be out of date. Please refer to our Financial Supports Summary for the most up-to-date information. The...
Get prepared for Canadian programs by enrolling in online accounts for CRA and Service Canada
Both the Canada Revenue Agency and Service Canada will be administering the newly announced programs via their online portals. In...
Prepare your employees to deduct work-at-home expenses for 2020 tax year
In previous tax years, employees had the opportunity to deduct expenses for work-at-home activities. In 2019 and earlier, an employee...
Canadian COVID-19 Business Financial Supports Summary
This was last updated April 16, 2020. Please let us know if there are any missing loans, grants, or subsidies...
Understanding the Canadian EI Work Sharing Program
This is a guest post by Hugh Neilson FCPA FCA TEP, member of the advisory board at Video Tax News....
Updated: Understanding the $40,000 Canada Emergency Business Account (CEBA) loan
April 9, 2020: Many Canadian financial institutions have started taking applications for the CEBA. We’ll be compiling a list below,...
Relief for Alberta forest companies affected by COVID-19
“Alberta’s forest sector is our third largest resource industry, behind energy and agriculture. Ensuring the economic viability for our responsible...
Edmonton Arts Council launches COVID-19 funding for artists
The City of Edmonton, via the Edmonton Arts Council (EAC) has launched the Creators’ Reserve program, allowing Edmonton-based artists to...
CBC launches COVID-19 Creative Relief Fund
CBC has launched THE CBC CREATIVE RELIEF FUND to provide immediate, urgent support to Canadian creators. The Fund will provide $2 million in...
Changes to Canada’s Summer Jobs program to support students and business during COVID-19
The Government of Canada has been working to develop new programs to support businesses, including a temporary update to the...
Contract and Part-time Workers can now apply for the Canada Emergency Response Benefit
On April 15, 2020, Prime Minister Justin Trudeau announced an expansion for the Canada Emergency Response Benefit (CERB) to include...
Understanding the Canada Emergency Response Benefit (CERB)
The CERB supports Canadians by providing financial support to employed and self-employed Canadians who are directly affected by COVID-19. It...
Understanding Canada Emergency Commercial Rent Assistance (CECRA)
Updated May 25, 2020 On April 16, 2020, the Prime Minister announced a new program to support small businesses by...
Sources of innovation funding for Canadian businesses
This is a guest post by Sam Jenkins, Managing Partner at Punchcard Systems. At Punchcard, we build digital platforms and...