Are you filing your personal income tax return for the first time this year? Then here are the 4 most commonly asked questions answered for you. Where to file the income tax returns? If you are opting for the good...Read More
Want to apply for Rent Subsidy?
Canadian businesses, non-profit organizations, or charities who have seen a drop in revenue due to the COVID-19 pandemic may be eligible for a subsidy to cover part of their commercial rent or property expenses. This subsidy starts on September 27, 2020, until June 2021 through Canada Emergency Rent Subsidy (CERS), program. The program would cover eligible fixed property expenses, including rent and interest on commercial mortgages. The amount of the subsidy would depend on the revenue losses suffered. A revenue loss of 50 percent compared to pre-pandemic levels, would qualify a business for a subsidy of 40 percent of eligible expenses, according to the Canadian Federation of Independent Business (CFIB).