Summa MG
CRA opens applications for the first period of Canada Emergency Rent Subsidy
Rent Subsidy for Organizations Impacted by the COVID-19 The maximum base rate subsidy would be 65 per cent, and available to...
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Summa MG
- Nov 24, 2020
- 1 min
TFSA limit for 2021
TFSA new contribution limit for 2021 is $6,000 Find out new Federal Tax Brackets for 2021 and more information here.
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Summa MG
- Oct 29, 2020
- 1 min
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...
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Summa MG
- Jul 30, 2020
- 1 min
Government Update. Wednesday, July 29
Courtesy of Tri-Cities Chamber of Commerce CEWS Update & Extension On July 27, the Senate passed the previously announced changes that ...
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Summa MG
- Jul 30, 2020
- 1 min
What's better for you: TFSAs or RRSPs?
Great article by MoneyWise Sarah Cunnane. Financial Post. Read: https://financialpost.com/moneywise/whats-better-for-you-tfsas-or-rrsps/w...
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Summa MG
- Jul 27, 2020
- 1 min
Redesigned Canada Emergency Wage Subsidy
Allow the extension of the CEWS until December 19, 2020, including redesigned program details until November 21, 2020. Make the subsidy...
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Summa MG
- Jul 27, 2020
- 2 min
The Canada Revenue Agency announces an extension to the payment deadline and offers interest relief
Payment deadline extension The CRA is extending the payment due date for current year individual, corporate, and trust income tax...
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Summa MG
- Jul 15, 2020
- 1 min
Know how to recognize a scam
CRA published and article Slam the scam – Protect yourself against fraud https://www.canada.ca/en/revenue-agency/corporate/security/prote...
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Summa MG
- Jun 16, 2020
- 1 min
CERB extended
Prime Minister Justin Trudeau announced Tuesday that eligibility for the Canada Emergency Response Benefit (CERB), which was launched to...
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Summa MG
- Jun 16, 2020
- 1 min
Good news for small business (CEBA)
Yesterday, Minister of Finance Bill Morneau announced that as of Friday, June 19, 2020, applications will be accepted so that more small...
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Summa MG
- May 19, 2020
- 1 min
Eligibility Canada Emergency Business Account Expanded
The program will now be available to a greater number of businesses that are sole proprietors receiving income directly from their...
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Summa MG
- May 8, 2020
- 2 min
COVID–19: CECRA for small businesses
CECRA for small businesses helps commercial property owners pay mortgages and reduce tenant rent. Canada Emergency Commercial Rent...
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Summa MG
- Apr 13, 2020
- 3 min
Canada Emergency Wage Subsidy (CEWS)
The CEWS provides a 75% wage subsidy for eligible employers for up to 12 weeks, retroactive to March 15, 2020. Eligible Employers:...
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Summa MG
- Apr 8, 2020
- 2 min
Federal Announcement April 8 re: COVID-19
Tri-Cities Chamber of Commerce provide the following summarized information: NEW – Canada Summer Jobs Program temporary changes: Subsidy:...
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Summa MG
- Apr 5, 2020
- 1 min
Apply for Canada Emergency Response Benefit (CERB) with CRA
Who can apply and how to apply. Please read: https://www.canada.ca/en/revenue-agency/services/benefits/apply-for-cerb-with-cra.html
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Summa MG
- Apr 1, 2020
- 2 min
Federal Government Update
Thank you Tri-Cities Chamber of Commerce for sharing the information: Canada Emergency Wage Subsidy Details on the eligibility of the...
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Summa MG
- Mar 31, 2020
- 2 min
Canadian Government Help to Business during COVID-19
Helping Businesses Keep their Workers To support businesses that are facing revenue losses and to help prevent layoffs, - Federal...
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Summa MG
- Jan 22, 2020
- 2 min
Save money on your home with these 6 tax tips
By RealtyLink 1. BC Property Transfer Tax (PTT) First-Time Home Buyers’ Program Qualifying first-time buyers may be exempt from paying...
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Summa MG
- Jan 16, 2020
- 1 min
Tax year 2019 EFILE season announced by CRA
The Canada Revenue Agency (CRA) EFILE service closes on January 17, 2020 for annual maintenance. Preparers will not be able to file most...
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Summa MG
- Jan 15, 2020
- 1 min
How can I deduct my car for my business? Should I lease or buy a vehicle?
Those are two very common questions. It depends on your personal and business situation. First, always keep a log to record km driven for...
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