COVID-19 – FINANCIAL RELIEF FOR CANADIANS Since the beginning of March, restrictions and measures related to COVID-19 have rapidly escalated. On March 18, 2020, the Government of Canada announced a series of measures designed to support the finances of individuals, businesses, charities, and non-profit organizations. Since then, on an almost daily basis, new possibilities have been introduced, and old ones have been adjusted. This document aims to provide a consolidated summary of support in their …

Comprehensive Review of all the COVID-19 Financial Relief Measures to Date – UPDATED Continue Reading

As the spread of COVID-19 continues to drastically alter the daily life of small businesses McCay Duff is monitoring the federal government’s rollout of Canadian financial assistance. When can Canadian Businesses Start to Apply? Today, the Prime Minister announced that employers will be able to start applying for the Canadian Emergency Wage Subsidy (CEWS) on April 27, 2020. How to Apply for the Canadian Emergency Wage Subsidy? Employers will be able to apply through their …

Start Applying for the Canadian Emergency Wage Subsidy on April 27, 2020 Continue Reading

McCay Duff continues to monitor the Federal and Provincial governments COIVD-19 announcements.  Following is the latest information on the Canada Emergency Wage Subsidy (CEWS) and how it interacts with other previously announced relief measures. Canada Emergency Wage Subsidy (CEWS) The CEWS does not replace the 10%  Temporary Wage Subsidy, but rather is a new program. Eligible Employers Eligible employers would include individuals, taxable corporations and partnerships consisting of eligible employers as well as not-for-profit organizations …

Canada Emergency Wage Subsidy Updates and how it Interacts with other Relief Measures Continue Reading

This week the Government of Ontario implemented an emergency order that would temporarily suspend certain legislative provisions and set out replacement provisions related to the Corporations Act (CA) and the Business Corporations Act (OBCA). The emergency order applies to not-for-profit corporations incorporated under the Ontario Corporations Act (CA) and gives them the ability to hold virtual meetings; as well as extends the timeframe for AGMs to be held. For more information, see the Ontario Nonprofit …

COVID-19 Results in New Ontario Annual General Meeting Regulations Continue Reading

Last week, Corporations Canada sent out an email on “Annual meetings of federal corporations during the COVID-19 outbreak”. The notice outlines options for federal corporations to consider to remain compliant under the Canadian Business Corporations Act and the Canada Not-for-profit Corporations Act. To read the details on holding a virtual meeting and/or applying to delay calling an annual general meeting,  read Canadian Charity Law’s blog. If you have any questions or require further information, reach …

Annual Meetings of Federal Corporations and Non-Profit- Corporations during COVID-19 Continue Reading