Rent and Wage Subsidy, CEBA Loan

By November 23, 2020 December 1st, 2020 Current Events
Wage and Rent Subsidy

As we now enter a new lockdown I’ve been speaking to many small business owners, and they are very afraid. The new lock down seems to be a lot  tougher this time around as most businesses have followed the rules and have no cases in the their small business establishments, but we must get through it. Speaking to my hairdresser who is a small business owner and her sales are down 70%, She was unaware that she could get her rent subsidized, her staff kept on payroll and a interest free loan from the government that’s not repayable til the end of 2022 with a portion that is forgivable. Also if you did not pay the loan back by the end of 2022, it would also then convert into a loan for five year term at a low interest rate. Please use all of the government programs and lets get to 2021. There is enough money available to get you through to the spring. If you need help reviewing your expenses and need to make a plan and budget, call me.

If you are like my hairdresser any other small business that has lower sales and doesn’t understand how to apply for the benefits the government is providing, Call or text me today at 416-697-6478 to get help with CEBA Loan application, Wage Subsidy, or the Rent subsidy program. You can also email me at info@bbsaccounting.ca or info@torontotaxexperts.ca. I will connect you with one of our accountants and we can start to get you back on track and save your business

Wage and Rent Subsidy

Wage and Rent Subsidy

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