KWB Blog

The latest financial news and accounting tips from KWB.

Apr 22 2021
5 Highlights from the 2021 Federal Budget

Here are the top 5 components of the 2021 Federal Budget that may affect you or your business: CEWS and CERS Extension The budget proposed extending the Canada Emergency Wage Subsidy (CEWS) and the Canada Emergency Rent Subsidy (CERS) and its lockdown top-up to September 25, 2021. The budget also proposed adding additional qualifying periods […]

Apr 12 2021
Strategic Business Goal Setting

Do you want to understand where your business is today and where it could be tomorrow? With ONSight Advisory, we can offer you expert advice and help with Strategic Business Goal Setting. We’ll complete an analysis of your business to identify the steps needed to create a clear path forward for you to reach your […]

Mar 10 2021
Find COVID-19 Benefits for Your Business

If you are unsure of which COVID-19 benefits are available for your business, CRA has a webpage that will will help you figure it out. In order to narrow your search, you will be asked the following questions on their webpage: Type of support you are looking for (e.g. support due to the effect of […]

Dec 18 2020
December 2020 – Updates to the Small and Medium Enterprise Relaunch Grant

If you applied for the Canada Emergency Wage Subsidy (CEWS) in April or May, you could receive additional funding from the Small and Medium Enterprise Relaunch Grant. At KWB, our goal is to assist you in receiving as much relevant information as possible during these uncertain times and obtaining the maximum funding for your business. […]

Apr 3 2020
KWB Summary of Relief Programs – Federal and Provincial – 3 April 2020

To our friends, clients, and business partners, We hope this newsletter finds you well and healthy. The volume of information we’ve received from provincial and federal governments over the last few weeks has been significant and a bit of a moving target, so we’ve put together a summary of all the relief programs that have […]

Apr 2 2020
The Canada Emergency Wage Subsidy – What It Means for Canadian Businesses – 2 April, 2020

To help businesses keep and return workers to their payroll through the challenges posed by the COVID-19 pandemic, the Prime Minister, Justin Trudeau, proposed the new Canada Emergency Wage Subsidy. This would provide a 75-per-cent wage subsidy to eligible employers for up to 12 weeks, retroactive to March 15, 2020. This wage subsidy aims to […]

Apr 1 2020
Update – The Canada 75 % Wage Subsidy

Finance Minister, Bill Morneau, announced today (April 1st, 2020) that the 75 % wage subsidy would be available within 3-6 weeks time.  What we know so far: The subsidy is available to all businesses, charities and non-profit organizations as long as they can prove that they have lost 30 % of their revenue due to […]

Mar 31 2020
Explaining the Business Credit Availability Program (BCAP)

Description of the Business Credit Availability Program (BCAP):  On March 13, 2020, the Government announced the establishment of a Business Credit Availability Program (BCAP) to help Canadian businesses obtain financing during the current period of significant uncertainty.  The BCAP will support access to financing for Canadian businesses in all sectors and regions. Through this program, Export […]

Mar 30 2020
New Information on Wage Subsidy Program – 30 March 2020

Prime Minister Justin Trudeau announced today businesses and non-profit organizations seeing a drop of at least 30 per cent in revenue due to COVID-19 will qualify for the government’s 75 per cent wage subsidy program. The number of people a business employs will not determine its eligibility. Charities and companies big and small will qualify, he […]

Mar 24 2020
Support for Employers – New Supports Announced 23/03/2020

Corporate income tax changes Corporate income tax balances and instalment payments will be deferred from March 19 until August 31, 2020 to increase employers’ access to cash so they can pay employees, address debts and continue operations. Education property tax deferral Education property tax rates will be frozen at last year’s level – reversing the […]

Mar 20 2020
Support for Employers – Alberta – COVID-19

The Alberta government will provide immediate funding and supportive measures to support local businesses, employers and employees. Support for employers Corporate income tax changes Corporate income tax balances and instalment payments will be deferred from March 19 until August 31, 2020 to increase employers’ access to cash so they can pay employees, address debts and […]

Mar 20 2020
Resources for Canadian Businesses – COVID-19

Small and medium-sized businesses are the backbone of the Canadian economy. During this extraordinary time, the Government of Canada is taking strong action to help Canadian businesses as COVID-19 is affecting them, their employees and their families. The Government and public health officials are urging all Canadians to: stay home unless it is absolutely essential […]