Canada Emergency Response Benefit to help workers and businesses
$2,000/month for 4 months – Canada Emergency Response Benefit to help workers and businesses
Entries by Pro Active Financial Services Ltd.
BC COVID-19 Action Plan
$5 billion in income supports, tax relief and direct funding for people, businesses and services.
How to apply for EI benefits for COVID-19 quarantines and other support programs
Employment Insurance (EI) sickness benefits provide up to 15 weeks of income replacement and is available to eligible claimants who are unable to work because of illness, injury or quarantine, to allow them time to restore their health and return to work. Canadians quarantined can apply for Employment Insurance (EI) sickness benefits.
Support for Business Owners and Employees Covid 19
We know that clients have questions about the Federal government’s economic response plan, we have included a summary of the information below specifically for business owners and employees.
Coronavirus & Market Uncertainty – $82 billion in aid for Families and Businesses
On March 18th, the Prime Minister, Justin Trudeau, announced a further $82 billion in support including $27 billion in direct support for Canadian workers and businesses. This is in addition to the $20 billion announced days earlier which includes $10 billion available through the Business Development Bank of Canada (BDC) to help small and medium-sized businesses.
Coronavirus & Market Uncertainty – Federal Government $20 billion economic aid package
On March 13th, the Prime Minister, Justin Trudeau, outlined Canada’s response to COVID-19 including new investments to help protect Canadians and businesses. The total value of an aid package could be up to $20 billion across the country which includes $10 billion available through the Business Development Bank of Canada (BDC) to help small and medium-sized businesses. Here are some details of the programs they are funding:
Coronavirus & Market Uncertainty- What you should do.
Over the last week, the financial market has taken a downturn amidst fears over Coronavirus. The S&P 500 had its worst weekly drop since the financial crisis in 2008, after setting all-time highs the prior week.*
Salary vs Dividend
As a business owner, you have the ability to pay yourself a salary or dividend or a combination of both. In this article and infographic, we will examine the difference between salary and dividends and review the advantages and disadvantages of each.
2020 BC Budget
BC’s Finance Minister Carole James delivered the province’s 2020 budget on February 18, 2020
Comparing TFSAs and RRSPs – 2020
We examine the difference between RRSP and TFSA in the deposit and withdrawal stage.
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