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CRA - Canada Revenue Agency.
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The Government of Canada is taking immediate, significant and decisive action to support Canadians and businesses facing hardship as a result of the global COVID-19 outbreak.
On April 21, 2020 the Federal Government announced the following additional details of the Canadian Emergency Wage Subsidy (CEWS).
CEWS details previously published:
Canada Emergency Business Account (CEBA)
To ensure that small businesses have access to the capital they need to see them through the current challenges, the Government of Canada has launched the new Canada Emergency Business Account, which has been implemented by eligible financial institutions in cooperation with Export Development Canada (EDC).
Originally launched on April 9, 2020, CEBA is intended to support businesses by providing financing for their expenses that cannot be avoided or deferred as they take steps to safely navigate a period of shutdown, thereby helping to position businesses for successful relaunch when the economy reopens.
This $55 billion program provides interest-free loans of up to $40,000 to small businesses and not-for-profits.
Repaying the balance of the loan on or before December 31, 2022 will result in loan forgiveness of 25 percent (up to $10,000).
As of October 26, 2020, eligibility for CEBA has expanded by removing the previous March 1, 2020, condition for having an active business chequing/operating account. With this removal, eligible businesses can now apply after opening a business chequing/operating account with their primary financial institution. For more information about this new criteria or other criteria established since the launch of CEBA we recommend you visit the FAQs.
CEBA is available from more than 220 financial institutions across the country. Visit our complete list of financial institutions that currently offer CEBA.
Canada Emergency Business Rent Subsidy (CERS)
The CERS covers a portion of eligible expenses in respect of a claim period for each qualifying property, subject to certain maximums.
Properties (business locations) that do qualify include any "real or immovable property" (buildings or land) in Canada that your business or organization:
For each claim period, you can claim eligible expenses up to a maximum of:
Eligibility criteria for expenses
Canada Recovery Benefit (CRB)
The Canada Recovery Benefit (CRB) gives income support to employed and self-employed individuals who are directly affected by COVID-19 and are not entitled to Employment Insurance (EI) benefits. The CRB is administered by the Canada Revenue Agency (CRA).
If you are eligible for the CRB, you can receive $1,000 ($900 after taxes withheld) for a 2-week period.
If your situation continues past 2 weeks, you will need to apply again. You may apply up to a total of 13 eligibility periods (26 weeks) between September 27, 2020 and September 25, 2021.
Home office expenses for employees
Office supplies and phone expenses
The CRA has published more details on employer-provided benefits and allowances, including commuting costs, employer-provided parking, computer and home office equipment, meal costs, and cell phone and internet service plans. The CRA has indicated that these positions are effective from March 15, 2020 to December 31, 2020.